6522 South Vernon Avenue
6522 South Vernon Avenue
$545,000
10
8
—
—
—
Closed 11/27/23
Description
6522 s. Vernon is an eight (8) unit walk-up building in the Woodlawn neighborhood of Chicago's South Side. The property sits on tree lined street and is located only two (2) blocks south of the King Drive "El" train stop, which provides tenants with direct, affordable, and easy access to Chicago's downtown. 6522 S. Vernon is conveniently comprised of two (2) 2Bd/1Ba and six (6) 1Bd/1Ba units.. Each unit features a spacious layout with hardwood floors, an abundance of natural light, and updated kitchens...6522 s. Vernon is an eight (8) unit walk-up building in the Woodlawn neighborhood of Chicago's South Side. The property sits on tree lined street and is located only two (2) blocks south of the King Drive "El" train stop, which provides tenants with direct, affordable, and easy access to Chicago's downtown. 6522 S. Vernon is conveniently comprised of two (2) 2Bd/1Ba and six (6) 1Bd/1Ba units.. Each unit features a spacious layout with hardwood floors, an abundance of natural light, and updated kitchens & baths. Recent improvements to the building include, but are not limited to, in-unit circuit breakers, individual & separate hot water tanks and Thermoflo boilers. 6522 S. Vernon offers an investor the opportunity to acquire a stabilized, cash-flowing asset in one Chicago's most appreciating neighborhoods. From day one, the asset's next owner will realize a cap rate over 10% and a cash return of nearly 19%.. Furthermore, through improved leasing and raising rents to market levels, there is an opportunity for an investor to realize a cap rate of 11.13% and cash return of nearly 23%.
- Listed by Aaron Sklar • Kiser Group Realty Inc
- Listed by Noah Birk • Kiser Group Realty Inc
Sold By RE/MAX Premier
Property Details for 6522 South Vernon Avenue
Area
CHI - Woodlawn
Num Of Parking Spaces0.0
Location
LISTING UPDATED: 12/07/2023 06:41 PM
Property Details for 6522 South Vernon Avenue
Status | Closed |
---|---|
MLS # | 11855662 |
Days on Market | 110 |
Taxes | $6,274 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1964 |
Lot Size | 0.14 AC / 5,952 SF |
County | Cook County |
Location
Building Information for 6522 South Vernon Avenue
Stories-Residences8Year Built1964Building Size-Lot Size0.14 AC / 5,952 SF
Payment Calculator
$3,497 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6522 South Vernon Avenue
Property History for 6522 South Vernon 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 6522 South Vernon Avenue
Taxable ValueLand$1,610Additions$13,709Total$15,319
Tax Record2022$3,151 ($263 / month)
Home Facts
Stories2Lot Size2,928 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountyCOOKAPN20-22-216-027
Schools near 6522 South Vernon 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 |
---|---|---|
Dulles Elementary School PublicPK to 8 | ||
Hirsch Metropolitan 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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