Chicago, IL 60637 6037 S Champlain Avenue
$1,095,000
47 more
Presented By: HomeSmart Connect LLC
Beds • 5
Home Details
Fully leased well maintained 8-unit building in prime location the Woodlawn area, 3 blocks away from university hospital and 1 mile from the Obama center. This 8-unit building offers six-3 bedrooms 1 bath, and two-2-bedrooms 1 bath. The two 2-bedroom units are handicap accessible. This building was rehabbed from the studs to the roof 30 years ago. Tenants pay their own gas and electricity. Current Cap rate is 7.98 with cap rate projection of 10.02 & projected GRM of 8.31. Vacant lot adjacent(south) to this building is included with the sale.
Presented By: HomeSmart Connect LLC
Interior Features for 6037 S Champlain Avenue
Other Interior Features
BasementFinished
Total Fireplaces
General for 6037 S Champlain Avenue
Additional Parcels Y/NYes
Cap Rate7.98
CityChicago
Construction MaterialsBrick, Stone
ContingencyAttorney/Inspection
CoolingCentral Air
CountyCook
Current UseMulti-Family
DirectionsS Cottage Grove Ave to E 61st St, North to S Champlain Ave, building on the right side
ElectricCircuit Breakers, Service - 0 to 100 Amps
Electric Expense576
Fuel Expense1464
Gross Income107460
Insurance Expense4438
MLS AreaCHI - Woodlawn
MaintenanceExpense
ModificationTimestamp2025-09-07T21:12:20.730Z
Net Operating Income87383
Number Of Units Total8
Operating Expense20076
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories Count3
Tax Annual Amount5736.87
Tax Year2023
Tenant PaysElectricity, Heat
TownshipHyde Park
Trash Expense1812
UtilitiesSewer Connected
Water Sewer Expense3600
Year Built1899
Exterior for 6037 S Champlain Avenue
Frontage TypeCity Street
Lot Dimensions50x118x50x118 & 25x118x25x118
Water SourceMunicipal Water
Additional Details
Price History
