6605 South Kimbark Avenue
6605 South Kimbark Avenue
$1,250,000
16
16
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Description
6605 s. Kimbark is a gut renovated eight (8) unit, center-entrance walkup located just outside Hyde Park in Chicago's East Woodlawn neighborhood. The property is nestled amongst new construction developments on all sides and is located just blocks from the prestigious University of Chicago. Additionally, the asset sits just blocks away from the construction site of the future Obama Presidential Library, 6605 S. Kimbark has an incredibly desirable unit mix comprised of eight (8) 2Bd/2Ba units. All...6605 s. Kimbark is a gut renovated eight (8) unit, center-entrance walkup located just outside Hyde Park in Chicago's East Woodlawn neighborhood. The property is nestled amongst new construction developments on all sides and is located just blocks from the prestigious University of Chicago. Additionally, the asset sits just blocks away from the construction site of the future Obama Presidential Library, 6605 S. Kimbark has an incredibly desirable unit mix comprised of eight (8) 2Bd/2Ba units. All of which have been gut renovated with high end finishes including granite countertops, stainless steel appliances, dishwashers, in-unit laundry, and modern bathrooms. In addition to its cosmetic finishes, the building also features individual furnaces & hot water tanks, updated electric, and a brand new porch (2021). 6605 S. Kimbark offers an investor the rare opportunity to acquire a cash flowing asset in one of Chicago's fastest growing and rapidly expanding neighborhoods. From day one, an investor will realize an in place cap rate over 8% and a cash return of 9.35%. While the area continues to develop and rents continue to rise, through releasing and increasing rents to updated market levels, an investor could further improve cash returns.
- Listed by Aaron Sklar • Kiser Group Realty Inc
- Listed by Noah Birk • Kiser Group Realty Inc
Property Details for 6605 South Kimbark Avenue
Area
CHI - Woodlawn
Location
LISTING UPDATED: 03/19/2024 12:49 PM
Property Details for 6605 South Kimbark Avenue
Status | Active |
---|---|
MLS # | 11949413 |
Days on Market | 166 |
Taxes | $11,847 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1900 |
Lot Size | 0.09 AC / 4,000 SF |
County | Cook County |
Location
Building Information for 6605 South Kimbark Avenue
Stories-Residences8Year Built1900Building Size-Lot Size0.09 AC / 4,000 SF
Payment Calculator
$7,809 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6605 South Kimbark Avenue
Property History for 6605 South Kimbark 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 6605 South Kimbark Avenue
Taxable ValueLand$3,832Additions$53,767Total$57,599
Tax Record2022$11,847 ($987 / month)
Home Facts
StyleMulti-Family Res (5+ Units)CountyCOOKAPN20-23-223-048
Schools near 6605 South Kimbark 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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