6522 S. Vernon is an eight (8) unit walk-up building in the Woodlawn neighborhood of Chicago's South Side. The property sits on tree lined street and is located only two (2) blocks south of the King Drive "El" train stop, which provides tenants with direct, affordable, and easy access to Chicago's downtown. 6522 S. Vernon is conveniently comprised of two (2) 2Bd/1Ba and six (6) 1Bd/1Ba units.. Each unit features a spacious layout with hardwood floors, an abundance of natural light, and updated kitchens & baths. Recent improvements to the building include, but are not limited to, in-unit circuit breakers, individual & separate hot water tanks and Thermoflo boilers. 6522 S. Vernon offers an investor the opportunity to acquire a stabilized, cash-flowing asset in one Chicago's most appreciating neighborhoods. From day one, the asset's next owner will realize a cap rate over 10% and a cash return of nearly 19%.. Furthermore, through improved leasing and raising rents to market levels, there is an opportunity for an investor to realize a cap rate of 11.13% and cash return of nearly 23%.

Based on information submitted to MRED as of September 12, 2024 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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6522 South Vernon AvenueChicago, IL 60637Sale Price: $545,000

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The Jelinek Group

6522 South Vernon AvenueChicago, IL 60637Sale Price: $545,000

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The Jelinek Group