$625,000
 $3,355 est/mo Sourced by Back At You

6020 S Eberhart Avenue , Chicago, IL 60637

Chicago, IL 60637

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Description

Woodlawn is hot!!! This all brick, legal 2-unit building with a garden unit is very well-maintained and it is in an excellent location! Better yet: the current FHA mortgage payment is $4,513 per month with a 3.5% down payment (or $21,875) but this building also generates $2,300 per month in rental income, and the tenants are great too! This brings your payment to $2,213 per month ($4,513 minus $2,300) all while Woodlawn continues to increase in value, especially as The Obama Presidential Center gets earmarked for completion in 2026! Actually, this property has two solid strategies. First, as mentioned above, you can live in one unit and rent out the other units. Second, you can just keep the entire building as an investment property! The first floor unit and the second floor unit each consist of three bedrooms and a bathroom. Both of these units feature large windows for that bright, eastern facing, natural sun exposure, which lights up the living room and dining room areas; both units are further accentuated with tall ceilings, luxury vinyl flooring on the first floor and hardwood floors on the second floor, a pretty light gray wall color, a functional floor plan and an in-unit washer and dryer. The kitchens are equally amazing with their white, shaker style kitchen cabinets, their perfectly selected granite countertops and their pristine stainless steel appliances. You will love each unit! You will also love the garden unit; it features two bedrooms and a full bathroom; it is spacious and functional, and just right. Equally important, this beautiful building is close to it all: walking distance to The University of Chicago, Washington Park, Jackson Park, The Obama Library, Jewel, transportation and Robust Coffee. It is a must see. It is a true armchair investment. A 10!

Details

MLS#12279691
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive Under Contract
Year1909
Days On Site17
Listing Provided ByPeter Drossos Real Estate | Peter Drossos

Features

Bed(s)8
Bath(s)3
BasementY
ZoningMULTI

Market Activity 60637

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60637
AreaCHI Woodlawn
School District299
Elementary School299
Middle School299
High School299
Listing VS Median (in 60637)
Price:
$625,000
low | high
Med:
$110,000
100% of Average
On Site:
17
low | high
Med:
39.000000
43.589743589744% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $0 - $0
SqFt: 0 - 0
Nearby Listings Property ImageNearby Listings Details
5855 S Indiana Ave Property Photo 1
$0
5855 S Indiana Ave
Chicago, IL 60637
Listing Updated: February 14, 2025 at 7:09:53 PM PST