6213 South Greenwood AvenueChicago, IL 60637Price: $1,120,000

  • Price: $1,120,000
  • 90 Days on Market
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Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1902Year Built

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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%.

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Listed by Aaron Sklar of Kiser Group Realty Inc

Based on information submitted to MRED  as of May 29, 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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