Property Overview

Interra Realty is pleased to exclusively present 6221 S Kimbark Ave. for sale. Located in Chicago's Woodlawn neighborhood, the subject property is brick masonry, center entry six flat featuring large format units. The unit mix is comprised entirely of four (4) bedroom, two (2) bathroom apartments. A portion of units have received updates, including refreshed kitchens with modern cabinetry, quartz countertops and stainless steel appliances as well as updated bathrooms with new tile and vanity. The balance of units at the property would benefit from further modernization.

The subject property is located in an area that has seen strong rental growth and tenant demand. Through cosmetic renovations to the interior of the units, there is opportunity for a new owner to capitalize on substantial upside remaining in the rent roll. The subject property is located less than two blocks from the University of Chicago and within walking distance of both Jackson Park and the Metra Electric 63rd St. station, the newly constructed Obama Presidential Center and the Museum of Science and Industry

Highlights

  • Comprised Entirely of Large Format 4BD/2BA Apartments
  • Located Less Than 2 Blocks from the University of Chicago
  • Opportunity to Capture Meaningful Upside in Rent Roll
  • A Portion of Units Have Received Updates, including Refreshed Kitchens and Updated Bathrooms
  • Located within Walking Distance of Jackson Park, the Metra Electric 63rd St. Station, the Newly Constructed Obama Presidential Center and the Museum of Science and Industry

Key Details

Sale Price
$1,000,000
Number of Units
Six (6) Units
Submarket
Woodlawn
Year Built
1899