6402 S Greenwood Avenue, Chicago, IL
  • $759,000

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
  • Price $759,000
  • Land Area 0.08 Acres
  • Bedrooms 10
  • Garages 2
  • Year Built 1900
  • Property Type Multi Family
  • Property Status Hold
  • Parking Total 2
  • Parcel Number 20231060560000
  • Water Source Lake Michigan
  • Sewer Public Sewer
  • MLS Status Temporarily No Showings
  • Days On Market 67
  • Living Area 0.08
  • Cumulative Days On Market 139
  • Tax Annual Amount 11487
  • Heating Natural Gas
  • Parking Features Yes,Garage Owned,Detached,Garage
  • Directions East on 63rd to Greenwood South to property
  • Address 6402 S Greenwood Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60637
  • Country United States

Overview

Property ID: MRD12582166
  • Multi Family
  • Property Type
  • 10
  • Bedrooms
  • 2
  • Garages
  • 1900
  • Year Built

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