6557 South Minerva Avenue
6557 South Minerva Avenue
$1,850,000
25
21
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Description
6557 s. Minerva is a rarely available ten (10) unit walkup located just outside of Hyde Park in Chicago's East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library, 6557 S. Minerva is comprised of five (5) 2Bd/2Ba, four (4) 3Bd/2Ba, and one (1) 3Bd/3Ba units. During a complete gut rehab in 2004, all four (4) first floor units were duplexed down and the building was deconverted from...6557 s. Minerva is a rarely available ten (10) unit walkup located just outside of Hyde Park in Chicago's East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library, 6557 S. Minerva is comprised of five (5) 2Bd/2Ba, four (4) 3Bd/2Ba, and one (1) 3Bd/3Ba units. During a complete gut rehab in 2004, all four (4) first floor units were duplexed down and the building was deconverted from twelve (12) to ten (10) units to create two (2) penthouse apartments by consolidating the third floor units in both tiers. All units feature incredibly spacious layouts with updated kitchens and baths. Throughout the years, the building has undergone extensive renovations consisting of, but not limited to: 100% copper plumbing, new electric service w/ in-unit breaker boxes, individual furnaces & hot water tanks, in-unit washer and dryers, and an abundance of cosmetic updates. 6557 S. Minerva presents an investor with the opportunity to acquire a rarely available and highly desirable building in one of Chicago's best neighborhoods. From day one, a new owner will benefit from an incredibly stable and long-term tenant base. However, with most of the building's current rents being substantially below current market levels-there is a tremendous amount of value to be added solely by stabilizing rents to levels already being achieved in the building.
- Listed by Aaron Sklar • Kiser Group Realty Inc
- Listed by Noah Birk • Kiser Group Realty Inc
Property Details for 6557 South Minerva Avenue
Area
CHI - Woodlawn
Location
LISTING UPDATED: 03/23/2024 03:03 AM
Property Details for 6557 South Minerva Avenue
Status | Active |
---|---|
MLS # | 11999099 |
Days on Market | 84 |
Taxes | $16,043 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1903 |
Lot Size | 0.14 AC / 6,174 SF |
County | Cook County |
Location
Building Information for 6557 South Minerva Avenue
Stories-Residences10Year Built1903Building Size-Lot Size0.14 AC / 6,174 SF
Payment Calculator
$11,433 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6557 South Minerva Avenue
Property History for 6557 South Minerva 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 6557 South Minerva Avenue
Taxable ValueLand$5,507Additions$72,492Total$77,999
Tax Record2022$16,043 ($1,337 / month)
Home Facts
Stories3Lot Size6,119 SqFtStyleMulti-Family Res (5+ Units)Year Built1903CountyCOOKAPN20-23-119-021
Schools near 6557 South Minerva Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 6 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Wadsworth PreK-8th STEM School PublicPK to 8 | ||
Hyde Park Academy High School Public9 to 12 | ||
Woodlawn Elementary Community School PublicPK to 6 | ||
Univ of Chicago Chtr-Woodlawn Charter6 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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