6646 S Greenwood AVE, Chicago, IL 60637
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6646 S Greenwood AVE, Chicago, IL 60637
6646 S Greenwood AVE, Chicago, IL 60637
6646 S Greenwood AVE, Chicago, IL 60637
6646 S Greenwood AVE, Chicago, IL 60637

$1,188,000

Est. payment /mo

$1,265,000

6.1%
Est.Price: ?

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6646 S Greenwood AVE Chicago, IL 60637

7,378 SqFt

SOLD DATE : 11/18/2025

Key Details

Sold Price $1,188,000

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 7,378 sqft

Price per Sqft $161

MLS Listing ID 12458728

Sold Date 11/18/25

Maintenance Fees $8,429

Year Built 2008

Annual Tax Amount $13,604

Tax Year 2023

Lot Dimensions 50x125

Property Sub-Type Multi Family 5+

Property Description

Turnkey multi-family investment opportunity in a rapidly appreciating Woodlawn location! This professionally managed six-unit building, constructed in 2007, offers exceptional cash flow from day one and significant equity growth potential. The property is designed for the savvy investor seeking a low-maintenance, stable asset with high-end appeal. Investment Highlights: Strong Cash Flow, Current annual income exceeds $123,000. Tenant-paid heat and all utilities, further enhancing operating income. Optimal Unit Mix, Features a highly desirable mix of 3 spacious 2-bed/2-bath units and 3 oversized 3-bed/2-bath units, ensuring high rental demand. High-End Finishes & Amenities, All units boast condo-quality finishes, including granite countertops, dishwashers, and in-unit laundry. Each unit is also equipped with Central AC and tenant paid and controlled HVAC, attracting and retaining quality tenants. Low Maintenance, Built in 2007, this newer construction property offers the reliability and reduced maintenance costs that landlords seek. Equity Growth: Positioned in the heart of the Woodlawn community, this asset is poised for remarkable appreciation as ongoing redevelopment continues to transform the neighborhood. Strategic Location: The property benefits from an A+ location with constant tenant demand. It is strategically located near: The Obama Presidential Center, University of Chicago and Hospital, Jackson Park harbor & golf course, Lakefront beaches and recreational trails, convenient public transportation, including the Green Line train and Metra Electric. This property provides a simple and secure entry into the lucrative multi-family market, offering tenants a beautiful place to live and landlords a stable, profitable, and appreciating asset. Don't miss this opportunity to acquire a cash-flowing investment that is positioned for long-term growth.

Location

State IL

County Cook

Area Chi - Woodlawn

Zoning MULTI

Interior

Cooling Central Air

Fireplace N

Building

Water Municipal Water

Structure Type Brick,Block

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Midwest Real Estate Data (MRED) IDX
Listed by Wayne Beals of  Exit Strategy Realty / EMA Management 
Bought with David Bovyn of Chicago Style

NEARBY SCHOOLS & BUSINESSES

Michael Schatz

Michael Schatz

+1(312) 961-4450

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