6402 S Greenwood Avenue, Chicago, IL 60637
Description
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.
- Listing Courtesy of: Keller Williams ONEChicago
Details
Updated on June 15, 2026 at 9:32 pm-
Property ID MRD12582166
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Price $759,000
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Land Area 0.08 Acres
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Bedrooms 10
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Garages 2
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Year Built 1900
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Property Type Multi Family
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Property Status Hold
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Parking Total 2
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Parcel Number 20231060560000
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Water Source Lake Michigan
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Sewer Public Sewer
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MLS Status Temporarily No Showings
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Days On Market 67
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Living Area 0.08
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Cumulative Days On Market 139
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Tax Annual Amount 11487
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Heating Natural Gas
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Parking Features Yes,Garage Owned,Detached,Garage
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Directions East on 63rd to Greenwood South to property
Address
Open on Google Maps- Address 6402 S Greenwood Avenue
- City Chicago
- State/county IL
- Zip/Postal Code 60637
- Country United States
Overview
- Multi Family
- 10
- 2
- 1900
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