Active
6228 S Greenwood Avenue
Chicago IL, 60637
$1,655,000
Active
Commercial
Built in 1901
Courtesy of Kiser Group Realty Inc
6228 S. Greenwood is nestled amongst new construction developments and are 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. 6228 S. Greenwood, an eight (8) unit center entrance walk-up, is comprised of seven (7) 3Bd/1Ba units and one (1) 2Bd/1Ba unit. Units feature hardwood flooring, stainless steel appliances, updated cabinetry, and individual furnaces. 6228 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 cash return of 10.3%.
11994094
MLSⓇ ID
March 1, 2024
Listed
March 28, 2024
Updated
Map
6228 S Greenwood Avenue
Chicago IL, 60637
Other Property Details
Area Name
CHI - Woodlawn
Taxes
$6,491
Tax Frequency
Annually
Days on Market
19
Garage
No
View
No
County
Cook
Pool
No
Courtesy of Kiser Group Realty Inc, Aaron Sklar,
Listing Contact: 773-293-5000
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Vergis H. Eiland III are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 3/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 4:42 AM UTC, 3/28/2024
