Seller's Agent in 2024
Tim Lorimer
Compass
(630) 546-0254
2 in this area
240 Total Sales
6552 S Champlain Ave Chicago, IL 60637
West Woodlawn Neighborhood
12
Beds
4
Baths
2,056
Sq Ft
1898
Built
About This Home
As of November 2024Amazing Investment Opportunity in the Heart of Woodlawn! Everything is new in this completely renovated 4-unit building that offers the perfect blend of modern luxury and smart investment potential. Each unit features 3 bedrooms and 1 bathroom with functional, open floor plans that maximize space and flow. Large windows flood the units with natural light, complementing the tall ceilings to create a bright and airy atmosphere. The kitchens are outfitted with quartz countertops, sleek shaker cabinets, and brand-new stainless steel appliances, all tied together with modern finishes for a contemporary look. Enjoy the convenience of dedicated parking spaces for each unit, and the added bonus of in-building laundry facilities for extra revenue. Located in the super-hot Woodlawn neighborhood, this property is just steps away from the Green Line El stop and a short distance to the University of Chicago, making it a prime spot for students, professionals, and families alike. Whether you're looking for a lucrative investment property or a stylish place to call home, this newly renovated building is a fantastic opportunity to live in one unit and rent out the other three units while taking advantage of as little as 5% down payment. Units rents projected to average around $1750/month producing great cash flow!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,658
Year Built
- Built in 1898 | Remodeled in 2024
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Potential Bedrooms
- 4 Bathrooms
Parking
- 6 Parking Spaces
- Uncovered Parking
Lot Details
- Lot Dimensions are 123x44
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 4 Units
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 25, 2024
Closed on
Nov 15, 2024
Sold by
Bought by
Seller's Agent
Tim Lorimer
Compass
Buyer's Agent
Josephine Hood
Neighborhood Assistance Corp.
List Price
$750,000
Sold Price
$795,000
Premium/Discount to List
$45,000
6%
Views
5
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Interest Rate
0.0538%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 13, 2021
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
0.0298%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 25, 2007
Sold by
Bought by
Purchase Details
Closed on
Jun 8, 2004
Sold by
Bought by
Purchase Details
Closed on
Oct 24, 2003
Sold by
Bought by
Purchase Details
Closed on
Jun 12, 2001
Sold by
Bought by
Purchase Details
Closed on
Jan 24, 2000
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $795,000 | Chicago Title | ||
| -- | -- | ||
| -- | -- | ||
| -- | None Available | ||
| -- | -- | ||
| -- | -- | ||
| -- | -- | ||
| -- | Oconnor Title Services Inc |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $780,000 | ||
| Previous Owner | $514,500 | ||
| Previous Owner | $369,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2024 11/18/24 | Sold | $795,000 | +6.0% | $387 / Sq Ft |
| 10/07/2024 10/07/24 | Pending | -- | -- | -- |
| 09/25/2024 09/25/24 | For Sale | $750,000 | -- | $365 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,329 | $16,678 | $3,355 | $13,323 |
| 2024 | $2,329 | $16,678 | $3,355 | $13,323 |
| 2023 | $2,263 | $11,000 | $3,355 | $7,645 |
| 2022 | $2,263 | $11,000 | $3,355 | $7,645 |
| 2021 | $1,542 | $11,000 | $3,355 | $7,645 |
| 2020 | $1,114 | $5,622 | $3,355 | $2,267 |
| 2019 | $2,263 | $14,691 | $3,355 | $11,336 |
| 2018 | $2,223 | $14,691 | $3,355 | $11,336 |
| 2017 | $2,944 | $17,050 | $2,952 | $14,098 |
| 2016 | $2,915 | $17,050 | $2,952 | $14,098 |
| 2015 | $2,644 | $17,050 | $2,952 | $14,098 |
| 2014 | $2,220 | $14,534 | $2,415 | $12,119 |
| 2013 | $2,165 | $14,534 | $2,415 | $12,119 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Lorimer
-
Josephine Hood
Buyer's Agent in 2024
Josephine Hood
Neighborhood Assistance Corp.
(815) 302-6915
1 in this area
88 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12172355
APN: 20222200390000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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