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6200 S Champlain Ave
Chicago, IL 60637
Multifamily Property For Sale
·
14 Units
PROPERTY FACTS
| No. Units | 14 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 12,900 SF |
| Property Subtype | Apartment | Average Occupancy | 83% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1918/2006 |
| Zoning | RM-5 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 12,900 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built/Renovated | 1918/2006 |
| Zoning | RM-5 |
ABOUT 6200 S CHAMPLAIN AVE , CHICAGO, IL 60637
Monarch Realty Partners is pleased to exclusively offer for purchase 6200 S. Champlain, a 14-unit corner walk-up building in the Woodlawn neighborhood of Chicago. The unit mix consists of seven (7) 2BR/1Ba, six (6) 3BR/1Ba, and one (1) 1BR/1Ba apartments. Originally built in 1918, the property was fully renovated in 2006 and has large units with favorable layouts. Base building improvements include a new electric main and rewired units, individual furnaces with A/C, partial copper plumbing, porches and more. Units have updated kitchens and baths. There is laundry onsite. The property has a non-recourse Freddie Mac Loan to be assumed with the purchase. The property is located just south of Washington Park, near University of Chicago's Hyde Park campus, and due west of the future Home of the Obama Presidential Library, a $500MM project expected to boost activity and development in the area. Real estate company Redfin just named it one of Chicago's hottest neighborhoods for 2017. The Cottage Grove CTA Station is withing walking distance of the property. Several projects have recently broken ground in Woodlawn that are in part driving the neighborhood renaissance. The City of Chicago has plans to renovate the Cottage Grove Green Line Station while private developers, such as Preservation of Affordable Housing, have begun construction on a mixed-income transit-oriented development named Woodlawn Station. Another notable development is the 48,000 square-foot Jewel-Osco slated to open in early 2019 which will offer high-quality fresh food and employment opportunities.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 650 |
| 2+1 | 7 | - | 850 |
| 3+1 | 6 | - | 1,000 - 1,100 |
PROPERTY TAXES
| Parcel Number | 20-15-420-016-0000 | Improvements Assessment | $42,188 |
| Land Assessment | $3,813 | Total Assessment | $46,001 |
PROPERTY TAXES
