Seller's Agent in 2023
Nicole Hurt
@ Properties
(630) 802-4878
1 in this area
40 Total Sales
6416 S Saint Lawrence Ave Chicago, IL 60637
West Woodlawn Neighborhood
45
Beds
21
Baths
4,100
Sq Ft
1968
Built
About This Home
As of August 2023Spacious, 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
Last Agent to Sell the Property
@properties Christie's International Real Estate License #475164464 Listed on: 09/15/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,626
Year Built
- Built in 1968
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 45 Bedrooms
- 21 Bathrooms
Utilities
- Baseboard Heating
- Hot Water Heating System
Additional Features
- 3-Story Property
- Lot Dimensions are 122x50
Listing and Financial Details
- Tenant pays for air conditioning, electricity
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $300
- Insurance Expense $3,500
- Maintenance Expense $1,500
- Manager Expense $3,587
- Other Expense $3,587
- Trash Expense $2,279
- Water Sewer Expense $2,516
- Operating Expense $22,595
- Gross Income $71,748
- Net Operating Income $49,153
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2023 08/07/23 | Sold | $576,000 | +0.2% | $140 / Sq Ft |
| 05/05/2023 05/05/23 | Pending | -- | -- | -- |
| 04/11/2023 04/11/23 | Price Changed | $575,000 | -11.5% | $140 / Sq Ft |
| 09/16/2022 09/16/22 | For Sale | $650,000 | +62.5% | $159 / Sq Ft |
| 01/29/2016 01/29/16 | Sold | $400,000 | -20.0% | -- |
| 11/05/2015 11/05/15 | Pending | -- | -- | -- |
| 08/17/2015 08/17/15 | For Sale | $500,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Nicole Hurt
-
Jean Gareave
Buyer's Agent in 2023
Jean Gareave
Chicagoland Brokers, Inc.
(773) 288-7100
1 in this area
17 Total Sales
-
Sunny Lamba
Seller's Agent in 2016
Sunny Lamba
Publix Realty, Inc.
(773) 780-7717
2 in this area
126 Total Sales
-
N
Buyer's Agent in 2016
Non Member
NON MEMBER
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11630839
APN: 20222110280000
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