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6141 S Woodlawn Avenue, Chicago, IL 60637
$1,205,000
6141 S Woodlawn Avenue, Chicago, IL 60637View this property at 6141 S Woodlawn Avenue, Chicago, IL 60637
6141 S Woodlawn AvenueChicagoIL60637
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Property Description
6141-43 S. Woodlawn Ave is a rarely available six (6) unit, center entrance walk-up located just outside of Hyde Park in Chicago's East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library, 6141 S. Woodlawn is comprised of three (3) 3Bd/1.5 Ba and three (3) 3Bd/2Ba units. All units feature incredibly spacious layouts with updated kitchens and baths. Throughout the years, the building has undergone extensive renovations consisting of, but not limited to: 100% copper plumbing , 400 amp electric service w/ in-unit breaker boxes, individual furnaces, newer porch, newer windows and an abundance of cosmetic updates. 6141 S. Woodlawn presents an investor the opportunity to acquire a rarely available and highly desirable building in one of Chicago's best neighborhoods. From day one, a new owner will benefit from an incredibly stable and long term tenant base. However, with most of the building's current rents being substantially below current market levels-there is a tremendous amount of value to be added solely by stabilizing rents to levels already being achieved in the building.
Full Property Details
Full Property Details for 6141 S Woodlawn Ave
General
- Sold For: $1,205,000
- Taxes: $10,806 (2022)
- Status: Closed
- Type: Commercial
- MLS ID: 11897403
- Added to Site: 199 day(s) ago
Location
- Area: CHI - Woodlawn
- County: Cook
- Driving Directions: From Stony Island Ave, turn west onto 63rd St, north on Woodlawn Ave to listing
Heating & Cooling
- Heating Type: Individual Furnaces
Structural Information
- Stories/Levels: 3
- Year Built: 1898
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 58' x 175'
Financial Considerations
- Operating Expenses: $34,345
- Assessment Year: 1898
- Tax Amount: $10,806
- Tax Year: 2022
- Tenant Pays: Electricity, Heat, Hot Water
Disclosures and Reports
- Property ID: 20144070100000
Listed and Sold by Kiser Group Realty Inc
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Schools
Schools serving 6141 S Woodlawn Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1414 E 61st Pl, Chicago, IL 60637 | PK-8 | 0.3 mi | |
6220 S Stony Island Ave, Chicago, IL 60637 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6141 S Woodlawn Ave
Date
Details
Price
Change
Source
3/07/2024
Sold
$1,205,000
-13.93%
MLS
9/29/2023
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6141 S Woodlawn Avenue, Chicago, IL 60637 (MLS# 11897403) is a Commercial property that was sold at $1,205,000 on March 07, 2024. Want to learn more about 6141 S Woodlawn Avenue? Do you have questions about finding other Commercial real estate for sale in Woodlawn? You can browse all Woodlawn real estate or contact a Coldwell Banker agent to request more information.