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6217 & 6219-21 S Greenwood Ave 2 Multifamily Properties Offered at $1,115,000 in Chicago, IL
INVESTMENT HIGHLIGHTS
- Highly Desirable Large 3-bedroom floor plans
- Prime location with proximity to University of Chicago & lakefront amenities
- Value Add Opportunity; Possibility of Adding Rear Parking Lot
- Recently Replaced Roofs
EXECUTIVE SUMMARY
Interra Realty has been exclusively engaged to market 6217 and 6219-21 S Greenwood Ave for sale. Located in Chicago's historic Woodlawn neighborhood, the subject properties are comprised entirely of 9 three-bedroom units. The properties is located one block south of the University of Chicago Law School and within a short walking distance to the The University of Chicago Charter High School, the Metra Electric commuter line, the 63rd Street Green Line Stop and lakefront amenities like Jackson Park and the Obama Presidential Center.
The subject property is currently 77% vacant and presents qualified investors the opportunity to complete a rehab of the property and recreate a rent roll in a rapidly appreciating area.
The subject property is currently 77% vacant and presents qualified investors the opportunity to complete a rehab of the property and recreate a rent roll in a rapidly appreciating area.
PROPERTY FACTS
| Price | $1,115,000 | Number of Properties | 2 |
| Price / SF | $100.57 / SF | Individually For Sale | 0 |
| Cap Rate | 7.95% | Total Building Size | 11,087 SF |
| Sale Type | Investment | Total Land Area | 0.30 AC |
| Status | Active |
| Price | $1,115,000 |
| Price / SF | $100.57 / SF |
| Cap Rate | 7.95% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,087 SF |
| Total Land Area | 0.30 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 6219-6221 S Greenwood Ave, Chicago, IL 60637 | Multifamily | 6,420 SF | 1905 | - |
| 6217 S Greenwood Ave, Chicago, IL 60637 | Multifamily | 4,667 SF | 1905 | - |
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6217 & 6219-21 S Greenwood Ave
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