About 6213 South Greenwood Avenue
6213 S. Greenwood Ave is nestled amongst new construction developments and is located two (2) blocks away from the prestigious University of Chicago. Additionally, the asset sit just blocks away from the construction site of the future Obama Presidential Library. 6213 S. Greenwood, a center entrance six (6) flat, is comprised solely of six (6) extremely spacious 4Bd/1Ba units. All of which, however, have been renovated in the last two years with quartz countertops, LVP flooring, stainless steel appliances, & modern cabinetry. 6213 S. Greenwood presents an investor with the rare opportunity to acquire a highly desirable building in one of Chicago's fastest growing and rapidly expanding neighborhoods. From day one, a new operator will realize a 7% cap rate. Given the rapidly changing rental market, an investor could further improve these figures. Solely by raising rents to levels already being achieved in the building, an investor could achieve a cap rate over 8% and a cash return of just under 12%.
Features of 6213 South Greenwood Avenue
MLS® # | 11994075 |
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Price | $1,120,000 |
Bathrooms | 0.00 |
Acres | 0.00 |
Year Built | 1902 |
Type | Commercial Sale |
Sub-Type | Multi Family 5+ |
Status | Active |
Community Information
Address | 6213 South Greenwood Avenue |
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Area | CHI - Woodlawn |
City | Chicago |
County | Cook |
State | IL |
Zip Code | 60637 |
Amenities
Is Waterfront | No |
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Has Pool | No |
Interior
Fireplace | No |
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Has Basement | No |
Additional Information
Days on Market | 75 |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Kiser Group Realty Inc |
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