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$535,000

6353 S Langley Avenue
Chicago, Illinois 60637

Closed / MLS #10548247 / Multiple Family / Woodlawn
Listing information updated 8/4/2023 at 2:03pm
* 9.5% In-Place Cap Rate * 23.2% In-Place Cash Return * Complete Gut Rehab * New Electric & Plumbing * Gross Income: $73,162 (with 5% vacancy) * NOI: $50,847 Property is an oversized six (6) unit center entranced walk-up located in Chicago's Woodlawn neighborhood. The subject site sits roughly two (2) blocks away from Chicago's Green Line CTA Station (Cottage Grove) and roughly three (3) blocks away from the 2019 newly constructed Jewel Osco Grocery Store. Property is comprised of six (6) spacious 3Bd/1Ba units boasting roughly 1,300 square feet of living space. Additionally, there are two (2) 2Bd/1Ba non-conforming garden units that can be rented to generate additional income. All of the units feature updated kitchens and baths and are spacious with hardwood flooring throughout. Furthermore, each unit contains separate living and dining rooms. Recent capital improvements to the building consist of, but not limited to: a new 400 amp electric service with in unit breaker boxes, in unit and separate furnaces and hot water tanks, new roof, new windows, updated copper plumbing, and a code compliant porch. Additionally, there is also a laundry facility on site featuring both a washing and drying machine. Currently, the building is 100% occupied and all of the tenants are subsidized through Chicago Housing.
Exterior Type:
Brick
Water Front:
No
Square Feet:
N/A
Acreage:
0.13
Built:
1905
Parking Spaces:
2
Stories:
3
Zoning:
MULTI
Current Net Income:
$50,414
Unit 1:
6 room(s) / 3 bed(s) / 1 bath(s)
Unit 2:
5 room(s) / 2 bed(s) / 1 bath(s)
Tax Amount:
$4,547
Tax Year:
2018
Zip Code:
60637
City:
Chicago
County:
Cook

Listing Office: Kiser Group Realty Inc

Listing Office Phone: 773.293.5000

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 8/4/2023 at 2:03pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Woodlawn

Woodlawn, IL

Currently in the midst of a major revival, Woodlawn is finally getting the attention it deserves. The South Side neighborhood boasts a prime location near the lake and is surrounded by beautiful parks including Washington Park and Jackson Park, home to the largest and oldest beach house in the city....

CTA

CTA
Green line at Cottage Grove

Metra

Metra
Metra Electric Main Branch line at 63rd St Metra
Metra
South Shore line at 63rd Street
$386,818
Average Sale Price
91
Average Days On The Market
96%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 6353 S Langley Avenue, Chicago, IL 60637
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6353 S Langley Avenue, Chicago, IL 60637 is a multiple family which sold for $535,000. This multiple family has been listed on @properties Christie's International Real Estate since September 10th, 2019 and was built in 1905. The nearest transit stops include Cottage Grove CTA Green line and 63rd St Metra Metra Metra Electric Main Branch line.

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