Marc Whitley
Coldwell Banker Realty
(773) 570-1476
50 Total Sales
1 in West Woodlawn
$582,000 Price
6600 S Champlain Ave Chicago, IL 60637
West Woodlawn Neighborhood
16
Beds
8
Baths
--
Sq Ft
1900
Built
About This Home
As of May 20196600 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
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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
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 4, 2018
Closed on
May 28, 2019
Sold by
First Midwest Bank
Bought by
Seller's Agent
Noah Birk
Kiser Group Realty Inc
Buyer's Agent
Noah Birk
Kiser Group Realty Inc
List Price
$400,000
Sold Price
$386,000
Premium/Discount to List
-$14,000
-3.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,500
Interest Rate
4.2%
Mortgage Type
Construction
Purchase Details
Closed on
Dec 14, 1994
Sold by
Lasalle National Trust Na
Bought by
Johnson Steven A
Home Values in the Area
Average Home Value in this Area
Agents Specializing in West Woodlawn, IL
-
Marc Whitley
-
George Ayling
George Ayling
Select a Fee RE System
(708) 859-7153
203 Total Sales
1 in West Woodlawn
$392,000 Price
-
Oscar Arteaga
Oscar Arteaga
Keller Williams Infinity
(773) 694-4311
75 Total Sales
1 in West Woodlawn
$270,000 Price
-
Maikol Akintonde
Maikol Akintonde
Coldwell Banker Realty
(855) 287-8462
72 Total Sales
2 in West Woodlawn
$41K - $200K Price Range
-
Tamika Marks
Tamika Marks
Trademarks & Associates
(888) 589-1720
266 Total Sales
2 in West Woodlawn
$81K - $200K Price Range
-
Tom Campone
Tom Campone
Keller Williams ONEChicago
(725) 228-7482
194 Total Sales
1 in West Woodlawn
$399,000 Price
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 |
|---|---|---|---|
| $386,000 | None Available | ||
| Johnson Steven A | $133,000 | -- |
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 |
|---|---|---|---|
| Closed | $494,500 |
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 |
|---|---|---|---|---|
| 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
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 | $9,772 | $50,900 | $7,566 | $43,334 |
| 2024 | $8,036 | $48,487 | $7,566 | $40,921 |
| 2023 | $6,737 | $37,950 | $3,329 | $34,621 |
| 2022 | $6,737 | $32,757 | $3,329 | $29,428 |
| 2021 | $7,762 | $38,599 | $3,329 | $35,270 |
| 2020 | $8,599 | $38,600 | $3,329 | $35,271 |
| 2019 | $8,319 | $41,408 | $3,329 | $38,079 |
| 2018 | $8,180 | $41,408 | $3,329 | $38,079 |
| 2017 | $8,286 | $38,492 | $2,723 | $35,769 |
| 2016 | $7,710 | $38,492 | $2,723 | $35,769 |
| 2015 | $7,054 | $38,492 | $2,723 | $35,769 |
| 2014 | $7,142 | $38,492 | $2,723 | $35,769 |
| 2013 | $7,001 | $38,492 | $2,723 | $35,769 |
Source: Public Records
Agents Affiliated with this Home
-
NB
Seller's Agent in 2019
Noah Birk
Kiser Group Realty Inc
-
AS
Seller Co-Listing Agent in 2019
Aaron Sklar
Kiser Group Realty Inc
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 10278821
APN: 20222280230000
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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