REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 625,000
Est. payment /mo
Active Under Contract
6020 S EBERHART AVE Chicago, IL 60637
8 Beds
3 Baths
UPDATED:
02/13/2025 03:15 PM
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12279691
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
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
Area Chi - Woodlawn
Zoning MULTI
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace N
Exterior
Exterior Feature Porch
Community Features Park, Tennis Court(s), Lake, Curbs, Gated, Sidewalks, Street Lights, Street Paved
Roof Type Rubber
Building
Dwelling Type Two to Four Units
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Peter Drossos • Peter Drossos Real Estate