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6416 S Saint Lawrence Avenue, Chicago, IL 60637
$576,000
6416 S Saint Lawrence Avenue, Chicago, IL 60637View this property at 6416 S Saint Lawrence Avenue, Chicago, IL 60637
6416 S Saint Lawrence AvenueChicagoIL60637
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Property Description
Spacious, all brick 56 year old 6 flat in red hot Woodlawn on a 50X122 double lot! 5 minutes from University of Chicago and upcoming Obama Library in Jackson Park! Unit shares the block with new construction single family homes, gut rehabbed multi unit buildings and historic home of Emit and Mamie Till. Completely rehabbed in 2015, all units have huge living room/dining combos, sunny and spacious bedrooms and beautifully updated kitchens and baths! Laundry hook ups installed garden level common area. Giant front and rear lawn with 6 rear parking spaces! Property has four 2 bed / 1 bth units and two 3 bed / 1 bth units and the layout is the following: Garden level units feature 2 bed / 1 bth, 6418 units 1 & 2 feature 2 bed / 1 bth and 6416 units 1 & 2 feature 3 bed / 1bth. Building is all electric with electric stoves and water heaters with electric baseboard heat. There are 2 common, inactive gas meters for laundry should buyer want to activate otherwise landlord has no common gas expense. Tenants only have an electric bill, no gas bill, and they pay for their own electricity and heat. Landlord only pays for common electric meter for common hallway lightbulbs. All tenants are up to date on rent! Immediate cash flow with NOI (including 5% vacancy) : $49,153, GRM: 8, Cap rate: 8.5. Easily Increase rents for an unbeatable asset in this quickly appreciating, very popular South Side neighborhood. Can be purchased with neighboring 6 flat MLS # 11631514
Full Property Details
Full Property Details for 6416 S St Lawrence Ave
General
- Sold For: $576,000
- Taxes: $4,626 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11630839
- Added to Site: 615 day(s) ago
Parking
- Total Spaces: 6
- Parking Features: 6 to 12 Spaces
Location
- Area: CHI - Woodlawn
- County: Cook
- Driving Directions: Cottage Grove to 64 to St Lawrence
Heating & Cooling
- Heating Type: Hot Water, Baseboard
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 3
- Year Built: 1968
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Dimensions: 122 x 50
Financial Considerations
- Operating Expenses: $22,595
- Assessment Year: 1968
- Tax Amount: $4,626
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Electricity
Disclosures and Reports
- Property ID: 20222110280000
Listed by @properties Christie's International Real Estate
Sold by Coldwell Banker Realty
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Schools
Schools serving 6416 S St Lawrence Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
6543 S Champlain Ave, Chicago, IL 60637 | PK-8 | 0.2 mi | |
6220 S Stony Island Ave, Chicago, IL 60637 | 9-12 | 1.3 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 6416 S St Lawrence Ave
Date
Details
Price
Change
Source
8/07/2023
Sold
$576,000
0.17%
MLS
4/11/2023
Price Reduced
$575,000
-11.54%
MLS
9/15/2022
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6416 S Saint Lawrence Avenue, Chicago, IL 60637 (MLS# 11630839) is a Commercial property that was sold at $576,000 on August 07, 2023. Want to learn more about 6416 S Saint Lawrence 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.