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47 Properties Within 0.5 miles of: 6646 S Greenwood, Chicago

6646 S Greenwood
Chicago, IL 60637

  • Built In 2008
Price

$1,265,000

Est Payment
$7,839 / month (details)  
Taxes
$13,604  
Type
Multi Family 5+  
Sq. Ft.
n/a  
Lot Size
50x125  
Built
2008  
Neighborhood
Woodlawn  
MLS
#12458728
Status
Active (8 days)

Property Description

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.

Property Map

Property Details

Utilities

  • Heating
  • Cooling Central Air
  • Water Municipal Water
  • Sewer

Additional Information

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

08-29-2025 Listed at $1,265,000
Last Modified 9/4/25 12:05 AM

Nearby Transportation

  • Bus 67 < 0.1 mi
  • Bus 5 < 0.1 mi
  • Bus 95 < 0.1 mi
  • Bus 4 0.3 mi
  • Bus 63 0.5 mi
  • Bus 71 0.5 mi
  • Bus 30 0.6 mi
  • Bus 28 0.7 mi
  • Bus 6 0.7 mi
  • Bus 15 0.7 mi
  • Bus 59 0.7 mi
  • Bus 3 0.8 mi
  • Bus 171 0.9 mi
  • Bus 172 0.9 mi
  • Bus 2 0.9 mi
  • Metra Electric 0.7 mi
  • Green Line 0.6 mi
  • I 90 East 0.7 mi
  • I 94 West 1.3 mi
  • I 94 East 1.4 mi
  • I 90 West 1.6 mi
  • Hwy 57 4.2 mi
  • Hwy 57 4.6 mi
  • I 55 North 4.8 mi
  • I 55 South 4.8 mi
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