6416 South St Lawrence Avenue

Chicago, IL 60637

$576,000
Last Sold Price
45
Beds
21
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Spacious, all brick 56 year old 6 flat in red hot Woodlawn on a 50X122 double lot! 5 minutes from University of Chicago and upcoming Obama Library in Jackson Park! Unit shares the block with new construction single family homes, gut rehabbed multi unit buildings and historic home of Emit and Mamie Till. Completely rehabbed in 2015, all units have huge living room/dining combos, sunny and spacious bedrooms and beautifully updated kitchens and baths! Laundry hook ups installed garden level common area....Spacious, all brick 56 year old 6 flat in red hot Woodlawn on a 50X122 double lot! 5 minutes from University of Chicago and upcoming Obama Library in Jackson Park! Unit shares the block with new construction single family homes, gut rehabbed multi unit buildings and historic home of Emit and Mamie Till. Completely rehabbed in 2015, all units have huge living room/dining combos, sunny and spacious bedrooms and beautifully updated kitchens and baths! Laundry hook ups installed garden level common area. Giant front and rear lawn with 6 rear parking spaces! Property has four 2 bed / 1 bth units and two 3 bed / 1 bth units and the layout is the following: Garden level units feature 2 bed / 1 bth, 6418 units 1 & 2 feature 2 bed / 1 bth and 6416 units 1 & 2 feature 3 bed / 1bth. Building is all electric with electric stoves and water heaters with electric baseboard heat. There are 2 common, inactive gas meters for laundry should buyer want to activate otherwise landlord has no common gas expense. Tenants only have an electric bill, no gas bill, and they pay for their own electricity and heat. Landlord only pays for common electric meter for common hallway lightbulbs. All tenants are up to date on rent! Immediate cash flow with NOI (including 5% vacancy) : $49,153, GRM: 8, Cap rate: 8.5. Easily Increase rents for an unbeatable asset in this quickly appreciating, very popular South Side neighborhood. Can be purchased with neighboring 6 flat MLS # 11631514
  1. Listed by Nicole Hurt • @properties Christie's International Real Estate

Sold By Coldwell Banker Realty

Property Details for 6416 South St Lawrence Avenue

Area
CHI - Woodlawn
Township
Hyde Park
Num Of Parking Spaces
6.0
Num of Interior Fireplaces
0

Location

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LISTING UPDATED: 08/09/2023 03:01 AM

Property Details for 6416 South St Lawrence Avenue

StatusClosed
MLS #11630839
Days on Market326
Taxes$4,626 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1968
Lot Size0.14 AC / 6,100 SF
CountyCook County

Location

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Building Information for 6416 South St Lawrence Avenue

Stories-Residences6Year Built1968Building Size-Lot Size0.14 AC / 6,100 SF

Payment Calculator

$3,529 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,143

Property Taxes

$386

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6416 South St Lawrence Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • # Of Washers: 0
  • Heat/Ventilation: Hot Water,Baseboard
  • # Of Window/Ac: 0
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 0
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 21.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 122X50
  • Stories: 3
  • Exterior Building Type: Brick
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2023-04-14T03:02:04
  • Photos Count: 28
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 09-16-2022
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $300.00
  • Fuel Expense: $.00
  • Gross Income: $71,748.00
  • Gross Scheduled Income: $71,748.00
  • Insurance Expense: $3,500.00
  • Maintenance Expense: $1,500.00
  • Manager Expense: $3,587.00
  • Expense Year: 2022
  • Janitor Expense: 700
  • Net Operating Income Year: 2022
  • Total Monthly Income: 5979
  • Net Operating Income: $49,153.00
  • Operating Expense: $22,595.00
  • Other Expense: $3,587.00
  • Trash Expense: $2,279.00
  • Water Sewer Expense: $2,516.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 3
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 4
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 5
Unit 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 6
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 6416 South St Lawrence Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 6416 South St Lawrence 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 - 10 to 12
Charter - K to 8
Rating
School
Distance
Till Elementary Math & Science Academy
PublicPK to 8

Hyde Park Academy High School
Public9 to 12

YCCS-Progressive Leadership Acad
Charter10 to 12

CICS Washington Park
CharterK to 8

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Christie's International Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.