$759,000

6402 S Greenwood Avenue, Chicago, IL 60637

10 beds |
4 baths

Multi-Family Home
Built in 1900
3,485sqft lot
2 car garage
$——/sqft
Listed 21 days ago

Property Description

RARE WOODLAWN 3-FLAT Greystone with EXCEPTIONAL unit sizes & STABILIZED PREMIUM cash flow. Strategically located just steps from the Obama Presidential Center, slated for its grand opening in June 2026. This is a turn-key, high-performing asset in the heart of one of Chicago's most high-growth corridors. INVESTMENT HIGHLIGHTS: FULLY OCCUPIED: The building is now fully leased, featuring top-of-market rents and a proven track record of immediate income. INCREASED PERFORMANCE: Cash flow has been significantly optimized with the recent leasing of the top floor at a premium rate. THE STANDOUT: Massive first-floor duplex unit-significantly larger than typical Woodlawn conversions-commanding superior rent. RECENT CAPITAL IMPROVEMENTS: Meticulously maintained with extensive upgrades ensuring low-maintenance ownership: Unit 3: Fully updated with new floors, paint, trim, kitchen, and bathroom. Plumbing: Full overhaul including a Copper Water Supply Line upgrade (2024)-entirely eliminating lead piping. Laundry: Completely renovated basement laundry area. Common Areas: Freshly painted foyer and common spaces. Mechanicals: All systems are operational and professionally maintained. LOCATION ADVANTAGES: Unbeatable proximity to major demand drivers: Walking distance to UChicago Main Campus, UChicago Law School, and UChicago Medical Center. Residents enjoy easy access to the Lakefront and the upcoming Obama Presidential Center, ensuring a never-ending pipeline of high-quality tenant prospects. CONDITION: This is NOT a rehab project. It is a stabilized, turn-key investment. Your client can close and begin collecting premium rental income on day one. Includes a detached garage.

Listing Status:: Active
Data Last Updated:: April 2, 2026 at 10:22PM
Listing Office:: Keller Williams ONEChicago : 313-303-2483
Listing Agent:: Brittany Ramsey : 313-303-2483
MLS ID:: 12582166

Basement: FinishedFull
Heating: Natural Gas

Parking: YesGarage OwnedDetachedGarageParking spaces: 2

Originating MLS: mred
School District: 130
County: Cook

Zoning: 20231060560000

Water: Lake Michigan
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of Brittany Ramsey , Keller Williams ONEChicago

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Wadsworth Elementary School

6650 S Ellis Ave, Chicago, IL, 60637

Grades PK-8

0.07 miles away

Wadsworth Elementary School

6650 S Ellis Ave, Chicago, IL, 60637

Grades PK-8

0.07 miles away

Univ of Chicago Charter-Woodlawn

6300 S University Ave, Chicago, IL, 60637

Grades 6-12

0.16 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.