$630,000
SOLD DEC 23, 2024

6360 S Greenwood Ave Chicago, IL 60637

Woodlawn Neighborhood
18 Beds
7 Baths
9,873 Sq Ft
7,350 Sq Ft Lot

Recently Sold

$64 Per Sq Ft

21% Below List Price

31 Days on Market

Highlights

  • 6 Fireplaces
  • Courtyard
  • Storage Room
  • Skylights
  • Laundry Room
  • 4-minute walk to Mamie Till-Mobley Park

About This Home

As of December 2024

6360-6362 South Greenwood Ave., is a rarely available and highly desired six (6) unit building, with center entrance walk-up located just outside of Hyde Park in Chicago's East Woodlawn neighborhood. The property is located minutes away from the prestigious University of Chicago and the construction site of the future Obama Presidential Library. This solid building is comprised of three (3) Bedrooms with two baths and three (3) 3 Bedrooms with 1.5 bath units. All units feature incredibly spacious layouts and with the 2nd & 3rd floor units include sunrooms. Building features updated boiler and hot water heater 2022), newer porches (2015). This is a great opportunity for an investor to acquire a highly desirable building in one of Chicago's best neighborhoods. . However, with most of the building's current rents are below current market levels, there is a tremendous amount of value to be added solely by stabilizing rents to area standards.

Last Agent to Sell the Property

Conrad Carpenter

City & Suburbs Realty, Inc. License #471012513 Listed on: 08/26/2024

Last Buyer's Agent

Michael Applegate

Straight-A Realty, LLC License #471020131

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,776

Year Built

  • Built in 1884

Lot Details

  • 7,350 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • Property fronts an alley
  • Additional Parcels

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 9,873 Sq Ft Home
  • 3-Story Property
  • Skylights
  • 6 Fireplaces
  • Storage Room
  • Laundry Room

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 7 Bathrooms

Unfinished Basement

  • Exterior Basement Entry
  • Basement Storage

Utilities

  • No Cooling
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Gas
  • 100 Amp Service

Additional Features

  • Accessible Entrance
  • Courtyard

Listing and Financial Details

  • Tenant pays for varies by tenant

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $420
  • Fuel Expense $13,500
  • Insurance Expense $11,259
  • Maintenance Expense $5,100
  • Trash Expense $2,244
  • Water Sewer Expense $4,290
  • Operating Expense $45,940
  • Gross Income $83,772
  • Net Operating Income $37,832

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,776

Year Built

Built in 1884

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance,Courtyard
  • Stories: 3
  • Year Built: 1884
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany,No Sign on Property,Highly Confidential
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 7
  • Total Bedrooms: 18
  • Fireplaces: 6
  • Possible Use: Multi-Family
  • Basement Description: Unfinished,Exterior Access,Storage Space
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Misc Inside: Accessible Entrance,Inside Corridor/s,Skylight/s,Storage Inside,Laundry Room
  • Fireplaces: 3
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 0
  • Number of Washers: 3
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street, Alley Access
  • List Price: 799999
  • Roof: Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat
  • Misc Outside: Courtyard,Security Gate,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: None On Site

Utilities

  • Cooling: None
  • Electric: Circuit Breakers, Service - 0 to 100 Amps
  • Utilities: Water-Municipal
  • Heat/Ventilation: Gas,Hot Water,Radiators
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 2244
  • Water Sewer Expenses: 4290
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50 X 125
  • Lot Size Sq Ft: 7350
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks

Rental Info

  • Tenant Pays: Varies by Tenant
  • Board Number: 8
  • Tenancy Type: Leases,Month To Month

Building Info

  • BuildingAreaTotal: 9873
  • Building Unit Info: No Units Furnished,Smoke/Alarm Detector,Storage/Locker Area

Multi Family

  • Net Operating Income: 37832
  • Fuel Expense: 13500
  • Insurance Expense: 11259
  • ElectricExpense: 420
  • GrossIncome: 83772
  • Maintenance Expense: 5100
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 45940
  • Expense Year: 2023
  • Type Multi-Family: Corridor-Interior Entrance,Courtyard

Tax Info

  • Tax Annual Amount: 6775.63
  • Tax Year: 2023

Similar Home in Chicago, IL

  • 5815 S May St, Chicago, IL 60621

    $490,000

    • 16 Beds
    • 8 Baths
    • 5815 S May St
    • Chicago, IL

    16 bedroon 1.1 baths each. 5815 it's perfect for the own occupant. You will acquire 1 PIN 4 townhomes. This opportunity is not for the savvy investor but the smart investor because numbers make since. Sitting on 6 oversized Chicago lots. 1 unit vacant Needs some work.. Generating over 6,000 a month these long term tenants pay all utilities. Each unit also features washer dryer hook ups. Good

    Tasha Jarrett Oak Realty of Chicago,Inc

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $630,000 -21.2% $64 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
08/26/2024 08/26/24 For Sale $799,999 -- $81 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12110892

Midwest Real Estate Data (MRED)