6619-29 S GreenwoodChicago, IL 60637

Property Details for 6619-29 S Greenwood

Property type

Residential income homes

Property subtype

Residential income properties

Description

Kiser group is pleased to exclusively present for purchase 6619 S. Greenwood, a rarely available thirty-eight (38) unit, center entrance courtyard in Chicago’s East Woodlawn neighborhood. The property sits directly South of Hyde Park and is just blocks away from the prestigious University of Chicago. Additionally, the asset is just blocks from the developing site of the Obama Presidential Library. Sitting on a premier block, 6619 S. Greenwood is uniquely comprised of thirty-eight (38) total units, all of which are incredibly spacious and feature an abundance of updates. The unit mix is currently made up of four (4) 1Bd/1Ba units, thirty-two (32) 2Bd/1Ba units, and two (2) 3Bd/1Ba units. All of which, however, feature an open floorplan and boast hardwood flooring throughout. Furthermore, all of the units are equipped with updated kitchens and baths, which include granite countertops, stainless steel appliances, and newer bathroom vanities. Additional improvements to the building include, but are not limited to: an abundance of plumbing updates, updated porches, a new Weil and Mclean central boiler system, a new high efficiency water heater and separate storage tank, along with a laundry facility in the basement equipped with multiple washer and dryers adding additional income to the buildings bottom line. 6619 S. Greenwood presents an investor the opportunity to acquire a rarely available courtyard building in one of Chicago’s fastest growing and rapidly expanding neighborhoods. Additionally, this opportunity presents immediate scale, and an investor will realize a positive, cash flowing asset from day one at an 9% cap rate with plenty of room to both increase revenue and cut expenses.

Location Insight

City

Chicago

County

State

Illinois

Latitude

41.9573

Longitude

-87.6594

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