6228 South Greenwood Avenue
6228 South Greenwood Avenue
$1,655,000
23
8
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Description
6228 s. Greenwood is nestled amongst new construction developments and are located two (2) blocks away from the prestigious University of Chicago. Additionally, the asset sit just blocks away from the construction site of the future Obama Presidential Library. 6228 S. Greenwood, an eight (8) unit center entrance walk-up, is comprised of seven (7) 3Bd/1Ba units and one (1) 2Bd/1Ba unit. Units feature hardwood flooring, stainless steel appliances, updated cabinetry, and individual furnaces. 6228 S....6228 s. Greenwood is nestled amongst new construction developments and are located two (2) blocks away from the prestigious University of Chicago. Additionally, the asset sit just blocks away from the construction site of the future Obama Presidential Library. 6228 S. Greenwood, an eight (8) unit center entrance walk-up, is comprised of seven (7) 3Bd/1Ba units and one (1) 2Bd/1Ba unit. Units feature hardwood flooring, stainless steel appliances, updated cabinetry, and individual furnaces. 6228 S. Greenwood presents an investor with the rare opportunity to acquire a highly desirable building in one of Chicago's fastest growing and rapidly expanding neighborhoods. From day one, a new operator will realize a 7% cap rate. Given the rapidly changing rental market, an investor could further improve these figures. Solely by raising rents to levels already being achieved in the building, an investor could achieve a cap rate over 8% and cash return of 10.3%.
- Listed by Aaron Sklar • Kiser Group Realty Inc
- Listed by Noah Birk • Kiser Group Realty Inc
Property Details for 6228 South Greenwood Avenue
Area
CHI - Woodlawn
Location
LISTING UPDATED: 03/19/2024 12:50 PM
Property Details for 6228 South Greenwood Avenue
Status | Active |
---|---|
MLS # | 11994094 |
Days on Market | 86 |
Taxes | $6,491 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1901 |
Lot Size | 0.21 AC / 9,275 SF |
County | Cook County |
Location
Building Information for 6228 South Greenwood Avenue
Stories-Residences8Year Built1901Building Size-Lot Size0.21 AC / 9,275 SF
Payment Calculator
$9,573 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6228 South Greenwood Avenue
Property History for 6228 South Greenwood Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6228 South Greenwood Avenue
Taxable ValueLand$5,475Additions$10,049Total$15,524
Tax Record2022$3,193 ($266 / month)
Home Facts
Baths6Total Finished SqFt9,597 SqFtAbove Grade Finished SqFt9,597 SqFtStories3Lot Size4,380 SqFtStyleMulti-Family Res (5+ Units)Year Built1902CountyCOOKAPN20-14-316-034
Schools near 6228 South Greenwood Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 | |||
Charter - | K to 12 |
Rating | School | Distance |
---|---|---|
Fiske Elementary School PublicPK to 8 | ||
Hyde Park Academy High School Public9 to 12 | ||
Univ of Chicago Chtr-Woodlawn Charter6 to 12 | ||
Univ of Chicago Charter Schools CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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