MF For Sale For Long Time Holding

$6,500,000

6456 South Woodlawn Avenue, Chicago, IL 60637

For Sale

Unknown Listing Type

Active

Last Updated: 01/28/2025

Details:

Cap Rate: 8.1%

NOI: $496,800

Building Size: 40,000 sqft

Units: 18

Occupancy: 100%

Year Built: 2014

Zoning: MU-5

Floors: 4

Parking Spots: 20

Roof: Roof-top, deck

CeilingHeight: 9

Heating: Tenant

Cooling: Tenat

Offered by

Andrew Olszowka

Broker

Olszowka.Realtor

#IL476.160900

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Description:

Investment 18-Units Apartment Building. Cash flow from day one, current market rents. Building is secured with underground garage, inside elevator & outside parking. Walking distance to Lake Michigan & University of Chicago (UChicago is in a top 10 worldwide medical universitys). Near future of Obama International Library and just short distance to Lake Michigan shores, near golf course & marina. This booming area has high rental demands.

Near university & future Obama International Library and just short distance to Lake Michigan, golf course & marina.

18-Units, fully occupied apartment building. Contains 16 x 3 bedrooms & 2 baths & 2 x 3 bedrooms & 3 baths units. Garage and parking, elevator goes to the roof-top for the owner use.