$175,000

Est. payment - /mo

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6 Beds

3 Baths

3,920 Sqft Lot

Active

6640 S Wolcott AVE Chicago, IL 60636

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12509039

Bedrooms 6

Year Built 1907

Annual Tax Amount $738

Tax Year 2023

Lot Size 3,920 Sqft

Lot Dimensions 25 X 125

Property Sub-Type Two to Four Units

Property Description

This solid brick multi-family located at 6640 S Wolcott Avenue in the Englewood community is officially on the market and awaiting a new owner who's ready to add some love and unlock its true potential! The current rents total approximately $1,300/month between the Garden Unit ($425) and 1st Floor Unit ($850) - and with the vacant 2-Bedroom on the 2nd Floor, you can easily boost your income by at least $1,250/month right away! Each floor offers 2 bedrooms / 1 bath, plus a separate living room, dining room, and eat-in kitchen. With value-add updates, rents can be increased, and the basement presents potential for tenant storage + common laundry. The rear of the home features the existing garage slab - ready to be repurposed for fenced, off-street parking that can generate additional monthly income. Englewood is one of the 10 communities included in Chicago's INVEST South/West Corridor Improvement Initiative - signaling continued momentum and revitalization. This is the perfect time to secure a cash-flowing property in a community on the rise! Note: Seller makes no representation as to the legality of the garden unit.

Location

State IL

County Cook

Area Chi - West Englewood

Zoning MULTI

Rooms

Basement Partially Finished, Full, Walk-Out Access

Interior

Heating Radiant

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Cassandra Sneed of EXIT Strategy Realty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106