NOT LISTED FOR SALE

6600 S Champlain Ave Chicago, IL 60637

West Woodlawn Neighborhood
16 Beds
8 Baths
-- Sq Ft
1900 Built

Last Sold May 30, 2019

Last sale price $386,000

202 Days on Market

About This Home

As of May 2019

6600 S. Champlain, an eight (8) unit multi-family building located in Chicago's Woodlawn neighborhood. Located near both Chicago's Metra Rail System and the CTA Green Line, 6600 S. Champlain consists solely of 2Bd/1Ba units. Recent improvements to the building include, but are not limited to, new silver coat roof, newer porches, newer windows, and tuckpointing. This investment offers a new investor an opportunity to achieve above a 13% cap rate and nearly a 33% cash-on-cash return through improved management, stabilizing rents, and light cosmetic work to the units. Woodlawn has been the neighborhood of several recent developments over the past year. In September of 2017, the city announced a brand new 48,000-square-foot Jewel Osco grocery store just blocks from 6600 S. Champlain. The Jewel Osco development is looking to add at least 200 jobs to the community.

Last Agent to Sell the Property

Noah Birk

Kiser Group Realty Inc License #475125864 Listed on: 09/04/2018

Co-Listed By

Aaron Sklar

Kiser Group Realty Inc License #475161507

Last Buyer's Agent

Noah Birk

Kiser Group Realty Inc License #475125864 Listed on: 09/04/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,286

Year Built

  • Built in 1900

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Central Heating
  • Radiator
  • Heating System Uses Gas

Additional Features

  • 2-Story Property
  • Lot Dimensions are 50' x 122' x 50' x 122'

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $700
  • Fuel Expense $5,000
  • Insurance Expense $3,000
  • Maintenance Expense $1,500
  • Other Expense $3,400
  • Trash Expense $1,800
  • Water Sewer Expense $5,000
  • Operating Expense $31,110
  • Gross Income $67,200
  • Net Operating Income $29,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,286

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1900
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required,Non-Disclosure Agreement
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 400000

Utilities

  • Heat/Ventilation: Central Bldg Heat,Gas,Radiators

Fee Information

  • Trash Expense: 1800
  • Water Sewer Expenses: 5000
  • Janitor Expense: 1200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50' X 122' X 50' X 122'

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 29370
  • Fuel Expense: 5000
  • Insurance Expense: 3000
  • ElectricExpense: 700
  • GrossIncome: 67200
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 31110
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 8286.15
  • Tax Year: 2017

Range of Values:

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Average Value
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List Price
Sold Price
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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
09/01/2019 09/01/19 Off Market $386,000 -- --
05/30/2019 05/30/19 Sold $386,000 -3.5% --
03/25/2019 03/25/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $400,000 +3.6% --
03/04/2019 03/04/19 Off Market $386,000 -- --
09/04/2018 09/04/18 For Sale $400,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2019

    Noah Birk

    Kiser Group Realty Inc

    Section Image

  • A

    Seller Co-Listing Agent in 2019

    Aaron Sklar

    Kiser Group Realty Inc

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10278821

Midwest Real Estate Data (MRED)

APN: 20222280230000

Illinois Cook County Chicago 60637 West Woodlawn

6600 S Champlain Ave, Chicago, IL

This home is located at 6600 S Champlain Ave, Chicago, IL 60637 since 04 September 2018. This property was built in 1900. 6600 S Champlain Ave is a home located in Cook County with nearby schools including Till Elementary Math & Science Academy, Emil G. Hirsch Metropolitan High School, and Gary Comer College Prep.

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