
6646 S Greenwood Ave Chicago, IL 60637
Woodlawn NeighborhoodEstimated payment $8,014/month
About This Home
Turnkey multi-family investment opportunity in a rapidly appreciating Woodlawn location! This professionally managed six-unit building, constructed in 2007, offers exceptional cash flow from day one and significant equity growth potential. The property is designed for the savvy investor seeking a low-maintenance, stable asset with high-end appeal. Investment Highlights: Strong Cash Flow, Current annual income exceeds $123,000. Tenant-paid heat and all utilities, further enhancing operating income. Optimal Unit Mix, Features a highly desirable mix of 3 spacious 2-bed/2-bath units and 3 oversized 3-bed/2-bath units, ensuring high rental demand. High-End Finishes & Amenities, All units boast condo-quality finishes, including granite countertops, dishwashers, and in-unit laundry. Each unit is also equipped with Central AC and tenant paid and controlled HVAC, attracting and retaining quality tenants. Low Maintenance, Built in 2007, this newer construction property offers the reliability and reduced maintenance costs that landlords seek. Equity Growth: Positioned in the heart of the Woodlawn community, this asset is poised for remarkable appreciation as ongoing redevelopment continues to transform the neighborhood. Strategic Location: The property benefits from an A+ location with constant tenant demand. It is strategically located near: The Obama Presidential Center, University of Chicago and Hospital, Jackson Park harbor & golf course, Lakefront beaches and recreational trails, convenient public transportation, including the Green Line train and Metra Electric. This property provides a simple and secure entry into the lucrative multi-family market, offering tenants a beautiful place to live and landlords a stable, profitable, and appreciating asset. Don't miss this opportunity to acquire a cash-flowing investment that is positioned for long-term growth.
Listing Agent
Exit Strategy Realty / EMA Management License #471018068 Listed on: 08/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,604
Year Built
- Built in 2008
Lot Details
- Lot Dimensions are 50x125
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
Interior Spaces
- 7,378 Sq Ft Home
- 3-Story Property
Utilities
- Forced Air Heating and Cooling System
- Floor Furnace
- Heating System Uses Gas
- 200+ Amp Service
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $232
- Fuel Expense $232
- Insurance Expense $5,760
- Maintenance Expense $8,429
- Manager Expense $5,700
- Trash Expense $2,346
- Water Sewer Expense $4,464
- Operating Expense $44,914
- Gross Income $123,600
- Net Operating Income $78,686
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/29/2025 08/29/25 | For Sale | $1,265,000 | -- | $171 / Sq Ft |
Similar Home in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12458728

APN: 20231240200000
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