6630 S Vernon Ave

Chicago IL 60637

Single-Family

Last sold for $390,000

Overview

Great investment opportunity - 8-unit multifamily property in Woodlawn. Gross Income: $79,896, NOI: $51,457 Cap Rate: 12%. Unit mix: (6) 2-bedroom, (1) 1-bedroom and (1) studio apartments. Plumbing and electrical were replaced in 2014. Half of the units were remodeled in the last 6 months, the rest were remodeled in 2015. Each unit is separately metered. Tenants pay for gas, electric and heat. The property has a gated parking lot in the back with 8-10 parking spots. The building is conveniently located within three blocks of the Green Line King Drive train stop and near CTA's 3, 5, 67 and 95 bus stops. The property is also within a short drive to the University of Chicago, the development site of the Barack Obama Presidential Center, and near Kennedy Expressway (I-90/94).

Features

8 carspaces

Single-Family

Estimated Value

We need at least 3 similar single-family properties sold in Chicago over the last 12 months.

Property history for 6630 S Vernon Ave

2019

Sold

$390,000

10 Oct 2019

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