$940,000
( )
 $5,046 est/mo Sourced by Back At You

6506-6508 S Ellis Avenue , Chicago, IL 60637

Chicago, IL 60637

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Description

ASSESSOR HAS REDUCED ASSESSED VALUE BY APPROXIMATELY 32% FOR THE 2024 TAX YEAR! 6506-6508 S. Ellis Avenue is a rarely available, beautiful condo building with 6 individual condominiums being sold together as a package. Located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library. All units are currently being rented out. Building underwent major renovation in approximately 2012 (Newer framing, newer copper plumbing, newer electrical in all units, individual furnaces and hot water heaters in each unit). Hardwood floors in 5 of the 6 units. There are four (4) 2 bedroom, 1 bath units (located on the second and third floors), and two (2) 4 bedroom, 3 bath units on the first floor that are condo units that UTILIZE THE FIRST FLOOR AND THE LOWER LEVEL! FLOOR PLANS AVAILABLE FROM LISTING AGENT! Each unit has in-unit laundry, a dishwasher, and one (1) parking space per unit in the rear of the building. Units also have their own furnaces and TENANTS responsible for their own heat and electric. Water is not individually metered. Gated access to the building. Fenced-in yard space in the rear. Tenants also have access to a newer balcony in the rear of each unit. Common areas also remodeled. Because this neighborhood is being sought-after, two single family homes directly across the street (6501 & 6503 S. Ellis Avenue) from this building have sold for $739,000!!! And more to come with New Construction being built all around! Much more value to add to this building by stabilizing rents to current market value! Owner is in the process of consolidating PINs. Higher Rents and Less Expenses will equal higher income!!! Email listing agent for any questions.

Details

MLS#12214684
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1930
Days On Site85
Listing Provided ByHomeSmart Realty Group | John Rolla

Features

Story(s)3
Units6
ZoningMULTI

Market Activity 60637

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Listings Checked: 3 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60637
AreaCHI Woodlawn
Listing VS Median (in 60637)
Price:
$940,000
low | high
Med:
$99,900
100% of Average
On Site:
85
low | high
Med:
101.000000
84.158415841584% of Average
Sourced by Back At You
Listing Updated: February 9, 2025 at 1:24:55 PM PST