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About This Home
This 10-bedroom, 4-bathroom residential multi family at 6402 S Greenwood Avenue in Chicago, IL is listed for $759,000. Built in 1900, on a 0.08 acres lot.
RARE WOODLAWN 3-FLAT Greystone with EXCEPTIONAL unit sizes & STABILIZED PREMIUM cash flow. Strategically located just steps from the Obama Presidential Center, slated for its grand opening in June 2026. This is a turn-key, high-performing asset in the heart of one of Chicago's most high-growth corridors.
INVESTMENT HIGHLIGHTS: FULLY OCCUPIED: The building is now fully leased, featuring top-of-market rents and a proven track record of immediate income. INCREASED PERFORMANCE: Cash flow has been significantly optimized with the recent leasing of the top floor at a premium rate.
THE STANDOUT: Massive first-floor duplex unit-significantly larger than typical Woodlawn conversions-commanding superior rent. RECENT CAPITAL IMPROVEMENTS: Meticulously maintained with extensive upgrades ensuring low-maintenance ownership: Unit 3: Fully updated with new floors, paint, trim, kitchen, and bathroom.
Plumbing: Full overhaul including a Copper Water Supply Line upgrade (2024)-entirely eliminating lead piping. Laundry: Completely renovated basement laundry area. Common Areas: Freshly painted foyer and common spaces. Mechanicals: All systems are operational and professionally maintained.
LOCATION ADVANTAGES: Unbeatable proximity to major demand drivers: Walking distance to UChicago Main Campus, UChicago Law School, and UChicago Medical Center. Residents enjoy easy access to the Lakefront and the upcoming Obama Presidential Center, ensuring a never-ending pipeline of high-quality tenant prospects. CONDITION: This is NOT a rehab project. It is a stabilized, turn-key investment. Your client can close and begin collecting premium rental income on day one. Includes a detached garage.
Key Features
- Built in 1900
- 0.08 acre lot
- 2 parking spaces
Property Details
Monthly Cost Estimate
$4,059/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
6402 S Greenwood Avenue
Chicago, IL 60637
Property Details
Construction
Parking
Heating
Questions & Answers
This 10-bedroom, 4-bathroom residential multi family at 6402 S Greenwood Avenue is listed at $759,000. The estimated monthly payment is $3,289 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.08 acre lot, 2 parking spaces.
This property is listed by Brittany Ramsey and can be reached at (312) 216-2422 or bramseylftw@gmail.com.
