Attention Investors and FHA 203K buyers! LARGE GREYSTONE 2-UNIT IN POPULAR WOODLAWN AREA. Great Rehab/Development opportunity! Property has recently been cleaned out exposing its tremendous amount of living space (2,272 square feet) and incredible potential. Unit layouts include; one 3-bed/1-bath unit and one 2-bed/1-bath unit. Each unit includes a sizable rooms, living/dining room combo, decorative fireplace and original hardwood floors throughout. Basement height is 7ft+: build out a garden unit for additional income or duplex-down the 1st floor unit. This is a great opportunity for the visionary looking to plant their feet in Woodlawn with appetite for a gut rehab project. Renovated, sold comparable multi families within a half mile radius sold for an average of $446,000 within the past 9 months. Renovated 2-bed/1-bath apartments in Woodlawn can rent for $1,600+ per month! Renovated 3-bed/1-bath apartments can rent for $1,900+ per month. These rents will provide a non-owner-occupied investor with $42,000 in annual gross revenue! This property sits minutes from Washington Park, Lakefront and The University of Chicago. Close to the Dan Ryan, Red Line, Jackson Park and much more! Woodlawn is one of the fastest developing neighborhoods in Chicago with quickly developing projects like the Obama Presidential Library, The "Woodlawn Central'' project - an equitable mixed-use urban district, Tiger Woods golf course and much more! Don't miss out! (Seller is open to a portfolio deal including: 6444 S Vernon Ave, Chicago, IL 60637, 6321 S Eberhart Ave, Chicago, IL 60637, 6430 S Eberhart Ave, Chicago, IL 60637 and 6605 S Maryland Ave, Chicago, IL 60637).
Property Map
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Property Details
Utilities
Heating Radiator(s)
Cooling
Water Public
Sewer Public Sewer
Additional Information
Parking
2 Garage Spaces, Owned, Parking included in price
Schools
District 299
Payment Calculator
Listing History
08-30-2022
Listed at $175,000
09-09-2022
Price decreased by $6,000 to $169,000
10-09-2022
Status changed to Cancelled
Last Modified 10/9/22 9:15 PM
Nearby Transportation
Bus 3
0.1 mi
Bus 63
0.2 mi
Bus 4
0.2 mi
Bus 67
0.3 mi
Bus 5
0.3 mi
Bus 95
0.3 mi
Bus 59
0.5 mi
Bus 30
0.5 mi
Bus 29
0.5 mi
Bus 2
0.8 mi
Bus 169
0.8 mi
Bus 71
0.8 mi
Bus 24
0.8 mi
Bus 192
0.9 mi
Bus 171
0.9 mi
Green Line
0.2 mi
Red Line
0.8 mi
I 90 East
0.6 mi
I 94 West
0.6 mi
I 94 East
0.7 mi
I 90 West
0.8 mi
Hwy 57
4.2 mi
I 55 North
4.5 mi
I 55 South
4.5 mi
Hwy 57
4.6 mi
For More Information
(312) 528-9200
For more information about 6444 S Vernon, Chicago, IL 60637 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Straight-A Realty, LLC
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
