Chicago, IL 60637,6020 S EBERHART Avenue
Chicago, IL 60637,6020 S EBERHART Avenue
Chicago, IL 60637,6020 S EBERHART Avenue
Chicago, IL 60637,6020 S EBERHART Avenue
Chicago, IL 60637,6020 S EBERHART Avenue
Chicago, IL 60637,6020 S EBERHART Avenue
See all 41 photos

$600,000

$625,000

4.0%
Est.Price: ?

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Est. payment /mo

8 Beds


SOLD DATE : 03/27/2025

Key Details

Sold Price $600,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12279691

Sold Date 03/27/25

Bedrooms 8

Year Built 1909

Annual Tax Amount $3,175

Tax Year 2023

Lot Dimensions 25 X 125

Property Sub-Type Two to Four Units

Property Description

WE ARE IN A MULTIPLE OFFER SITUATION. ALL OFFERS ARE DUE BY 5 PM ON WEDNESDAY, FEBRUARY 12, 2025. Woodlawn is hot!!! This all brick, legal 2-unit building with a garden unit is very well-maintained and it is in an excellent location! Better yet: the current FHA mortgage payment is $4,513 per month with a 3.5% down payment (or $21,875) but this building also generates $2,300 per month in rental income, and the tenants are great too! This brings your payment to $2,213 per month ($4,513 minus $2,300) all while Woodlawn continues to increase in value, especially as The Obama Presidential Center gets earmarked for completion in 2026! Actually, this property has two solid strategies. First, as mentioned above, you can live in one unit and rent out the other units. Second, you can just keep the entire building as an investment property! The first floor unit and the second floor unit each consist of three bedrooms and a bathroom. Both of these units feature large windows for that bright, eastern facing, natural sun exposure, which lights up the living room and dining room areas; both units are further accentuated with tall ceilings, luxury vinyl flooring on the first floor and hardwood floors on the second floor, a pretty light gray wall color, a functional floor plan and an in-unit washer and dryer. The kitchens are equally amazing with their white, shaker style kitchen cabinets, their perfectly selected granite countertops and their pristine stainless steel appliances. You will love each unit! You will also love the garden unit; it features two bedrooms and a full bathroom; it is spacious and functional, and just right. Equally important, this beautiful building is close to it all: walking distance to The University of Chicago, Washington Park, Jackson Park, The Obama Library, Jewel, transportation and Robust Coffee. It is a must see. It is a true armchair investment. A 10!

Location

State IL

County Cook

Community Park, Tennis Court(S), Lake, Curbs, Gated, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Full

Interior

Heating Forced Air

Fireplace N

Exterior

Exterior Feature Porch

View Y/N true

Roof Type Rubber

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Peter Drossos • Peter Drossos Real Estate
Bought with Krystal Corley • RE/MAX Premier
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