6201 S Champlain AveChicago, IL 60637

Property Details for 6201 S Champlain Ave

Property type

Residential income homes

Property subtype

Residential income properties

Description

Kiser Group is pleased to exclusively offer for purchase 6201 S. Champlain, a rarely available twelve (12) unit building located just outside of Hyde Park in Chicago's West Woodlawn neighborhood. The property is situated on a quiet, residential block amongst new construction buildings, blocks away from the prestigious University of Chicago and the construction site of the future Obama Presidential Library. 6201 S. Champlain boasts a unique unit-mix, comprised of two (2) 2bd/1ba, four (4) 2Bd/2Ba, two (2) 3Bd/2Ba, one (1) 3Bd/2.5Ba, and three (3) 4Bd/2.5Ba units, with each of the four (4) first floor apartments being oversized, duplex down units. All units feature incredibly spacious layouts, with ten (10) units having been recently renovated to include updated hardwood flooring, kitchens, and baths. Each unit also includes individual furnaces, hot water tanks, and washer & dryers. Additional updates include but are not limited to: 100% copper plumbing, updated electrical service, a new silver coating on the roof (2021), and an abundance of cosmetic upgrades. 6201 S. Champlain presents an investor with the opportunity to acquire a rarely available and highly desirable building in one of Chicago's fastest growing neighborhoods. From day one, a new owner will benefit from an incredibly stable tenant base at an in-place cap rate of just over 9% and a cash-on-cash return of just under 14%.

Location Insight

City

Chicago

County

State

Illinois

Latitude

41.7772

Longitude

-87.6095

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].