6037 S Champlain Avenue,Chicago, IL 60637
Chicago, IL 60637
Description
Prime 8-Unit Income Property in Woodlawn just steps from University of Chicago. Invest in one of Woodlawn's most desirable locations with this well-maintained 8-unit building, just three blocks from the University of Chicago Hospital and approximately one mile from the Obama Presidential Center. Strong, consistent rental demand makes this an exceptional income-generating opportunity. The property features six spacious 3-bedroom/1-bath units and two 2-bedroom/1-bath units, appealing to a wide range of tenants. Fully renovated down to the studs 30 years ago and meticulously maintained by long-term ownership. The building offers a hassle-free investment with tenants responsible for their own gas and electricity. Each unit can be easily converted to include in-unit laundry, as a drain, gas line, hot and cold water connections, and a dryer vent are already in place, allowing for straightforward installation. The property has no lead pipes with new sewage lines installed in December 2023. Additional highlights include a spacious, fenced concrete backyard with handicap-accessible ramps. The backyard can also be easily converted into multiple parking spaces. This is a rare opportunity to acquire a stable, income-producing property in a rapidly appreciating Woodlawn neighborhood.
Details
| MLS # | 12546266 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1899 |
| Days On Site | 199 |
| Listing Provided By | Chicagoland Realty & Associates Inc | Christina Horne |
Features
| SQ Feet | 7,548 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 8 |
| Zoning | MULTI |
| Acreage | 0.14 |
Interior
| Fireplaces Total | 0 |
|---|
Exterior
| Construction Materials | Brick, Stone |
|---|
Utilities
| Utilities | Sewer Connected |
|---|---|
| Electric | Circuit Breakers, Service - 0 to 100 Amps |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 9883 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60637 |
| Area | CHI Woodlawn |
| Listing VS Median (in 60637) | |
Price: $1,095,000 low | high Med: $132,000 sqft: 7,548 low | high Med: 2,400 $ / sqft: $145 low | high Med: $69 On site: 199 low | high Med: 76 | |
Market Activity 60637
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60637 |
| Area | CHI Woodlawn |
| Listing VS Median (in 60637) | |
Price: $1,095,000 low | high Med: $132,000 sqft: 7,548 low | high Med: 2,400 $ / sqft: $145 low | high Med: $69 On site: 199 low | high Med: 76 | |