6138-40 S. Woodlawn Avenue
Chicago, IL 60637
N/A
Sale Price
Property Details
| Price Summary | N/A |
| Number Of Units | 10 |
Property Description
Kiser Group is pleased to exclusively offer for purchase 6138 S. Woodlawn, a rarely available ten (10) unit walk-up located just outside of Hyde Park in Chicago’s East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library,
6138 S. Woodlawn is comprised of six (6) 2Bd/1Ba, two (2) 3Bd/1Ba, and two (2) 5Bd/1Ba units. All units feature incredibly spacious layouts with updated kitchens and baths. Throughout the years, the building has undergone extensive renovations consisting of, but not limited to: 100% copper plumbing , 400 amp electric service w/ in-unit breaker boxes, individual furnaces & hot water tanks, newer porch, newer roof, newer windows and an abundance of cosmetic updates.
6138 S. Woodlawn presents an investor the opportunity to acquire a rarely available and highly desirable building in one of Chicago’s best neighborhoods. From day one, a new owner will benefit from an incredibly stable and long term tenant base. However, with most of the building’s current rents being substantially below current market levels-there is a tremendous amount of value to be added solely by stabilizing rents to levels already being achieved in the building.
Location Description
Woodlawn
Highlights
- Two (2) Blocks from University of Chicago
- Six (6) 2Bd/1Ba, Two (2) 3Bd/1Ba, & Two (2) 5Bd/1Ba
- Updated Electric & Copper Plumbing
- Significant Rental Upside
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| 0.25 Miles | 0.5 Miles | 1 Miles | |
|---|---|---|---|
| Total households | 1,438 | 4,509 | 17,492 |
| Total population | 4,026 | 10,564 | 34,773 |
| Population white | 32.6% | 26.2% | 23.9% |
| Population black | 49.8% | 59.4% | 62.7% |
| Population hispanic | 6.4% | 5.3% | 4.4% |
| Population asian | 12.5% | 8.6% | 8.0% |
| Population pacific islander | 0.0% | 0.0% | 0.0% |
| Population american indian | 0.0% | 0.0% | 0.1% |
| Population other | 0.4% | 0.4% | 1.3% |
| Persons per household | 2.8 | 2.3 | 2 |
| Average household income | $45,781 | $57,155 | $64,204 |
| Average house value | $191,716 | $236,601 | $268,696 |
| Average age | 25 | 29.8 | 32.8 |
| Average age male | 23.8 | 27.8 | 31.2 |
| Average age female | 26.7 | 32.5 | 34.8 |