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$172,000
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Property Description
PRIME AS-IS REHAB OPPORTUNITY: High-Density Woodlawn Two-Flat Full Gut Renovation needed. Located in a core Woodlawn corridor experiencing massive investment and value appreciation, this two-unit building is ready for a complete transformation. Offered strictly AS IS, this property is an ideal project for seasoned developers and investors looking for significant upside. Key Value Drivers: RM-5 Zoning: Offers excellent density potential for vertical or unit expansion. Architectural Foundation: Features attractive Iron Spot Brick exterior and generous existing unit sizes. Expansion Potential: A full basement provides a valuable footprint for potential garden unit, duplex unit or additional living space. Please consult a zoning expert to confirm your desired use is allowed. Premium Location: Highly walkable to the University of Chicago, Green Line train, Washington Park, The Midway, and the local Jewel-Osco, ensuring tenant demand is exceptionally high. Seize the chance to create beautiful rental workforce housing in a premier growth neighborhood.
Full Property Details
Full Property Details for MLS# 12509408
General
- Sold For: $172,000
- Taxes: $3,388 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12509408
- Added to Site: 8 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Location
- Area: CHI - Woodlawn
- County: Cook
- Driving Directions: 61st Street to Langley, South to 6143
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: None
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Year Built: 1908
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 124
Financial Considerations
- Assessment Year: 1908
- Tax Amount: $3,388
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20154140130000
Listed by Exit Strategy Realty / EMA Management
Sold by Peter Drossos Real Estate
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Schools
Schools serving MLS# 12509408
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Fiske Elementary School 6020 South Langley Avenue, Chicago, IL 60637 | PK-8 | 0.2 mi |
Hyde Park Academy High School 6220 South Stony Island Avenue, Chicago, IL 60637 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for MLS# 12509408
Date
Details
Price
Change
Source
1/07/2026
Sold
$172,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
MLS# 12509408, Chicago, IL 60637 (MLS# 12509408) is a Multi-Family property that was sold at $172,000 on January 07, 2026. Want to learn more about MLS# 12509408? Do you have questions about finding other Multi-Family real estate for sale in Woodlawn? You can browse all Woodlawn real estate or contact a Coldwell Banker agent to request more information.
