6416 South St Lawrence Avenue
6416 South St Lawrence Avenue
$576,000
45
21
—
—
—
Closed 8/7/23
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
- 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
TownshipHyde Park
Num Of Parking Spaces6.0
Num of Interior Fireplaces0
Location
LISTING UPDATED: 08/09/2023 03:01 AM
Property Details for 6416 South St Lawrence Avenue
Status | Closed |
---|---|
MLS # | 11630839 |
Days on Market | 326 |
Taxes | $4,626 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Other |
Year Built | 1968 |
Lot Size | 0.14 AC / 6,100 SF |
County | Cook County |
Location
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
The Payment Calculator is for illustrative purposes only.
Property Information for 6416 South St Lawrence Avenue
Property History for 6416 South St Lawrence 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.
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.
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