Chicago, IL 60637 6646 S Greenwood Avenue
$1,265,000



21 more






















Presented By: Exit Strategy Realty / EMA Management
Home Details
Turnkey multi-family investment opportunity in a rapidly appreciating Woodlawn location! This professionally managed six-unit building, constructed in 2007, offers exceptional cash flow from day one and significant equity growth potential. The property is designed for the savvy investor seeking a low-maintenance, stable asset with high-end appeal. Investment Highlights: Strong Cash Flow, Current annual income exceeds $123,000. Tenant-paid heat and all utilities, further enhancing operating income. Optimal Unit Mix, Features a highly desirable mix of 3 spacious 2-bed/2-bath units and 3 oversized 3-bed/2-bath units, ensuring high rental demand. High-End Finishes & Amenities, All units boast condo-quality finishes, including granite countertops, dishwashers, and in-unit laundry. Each unit is also equipped with Central AC and tenant paid and controlled HVAC, attracting and retaining quality tenants. Low Maintenance, Built in 2007, this newer construction property offers the reliability and reduced maintenance costs that landlords seek. Equity Growth: Positioned in the heart of the Woodlawn community, this asset is poised for remarkable appreciation as ongoing redevelopment continues to transform the neighborhood. Strategic Location: The property benefits from an A+ location with constant tenant demand. It is strategically located near: The Obama Presidential Center, University of Chicago and Hospital, Jackson Park harbor & golf course, Lakefront beaches and recreational trails, convenient public transportation, including the Green Line train and Metra Electric. This property provides a simple and secure entry into the lucrative multi-family market, offering tenants a beautiful place to live and landlords a stable, profitable, and appreciating asset. Don't miss this opportunity to acquire a cash-flowing investment that is positioned for long-term growth.
Presented By: Exit Strategy Realty / EMA Management
General for 6646 S Greenwood Avenue
Additional Parcels Y/NNo
Cap Rate6.2
CityChicago
Construction MaterialsBrick, Block
CoolingCentral Air
CountyCook
DirectionsMarquette to Greenwood, South to 6646. East Of Cottage Grove.
ElectricService - 201 to 600 Amps
Electric Expense232
Fuel Expense232
Gross Income123600
Insurance Expense5760
MLS AreaCHI - Woodlawn
MaintenanceExpense8429
ModificationTimestamp2025-09-04T05:08:27.348Z
Net Operating Income78686
Number Of Units Total6
Operating Expense44914
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount13604
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
Trash Expense2346
Water Sewer Expense4464
Year Built2008
ZoningMULTI
Exterior for 6646 S Greenwood Avenue
Building Area Total7378
Lot Dimensions50x125
Water SourceMunicipal Water
Additional Details
Price History
