6445 S. St. Lawrence Ave.

Property Overview

Interra Realty LLC has been exclusively engaged to market for sale 6445 S. St. Lawrence, a center entrance six unit apartment building in Chicago's Woodlawn neighborhood. Ideally located just off of University of Chicago's Hyde Park Campus and near many public transportations, this six-unit building provides an investor an opportunity to own an income producing asset in a neighborhood which continues to benefit from many macroeconomic improvements and city developments, including The Barack Obama Presidential Center and The University of Chicago's continued expansion into Woodlawn.

All six apartments are spacious two-bedroom layouts and have been rehabbed in the last three years. The finishes reflect a modern design and include a living and dining room. Each apartment has an in-unit furnace. The average rent is 18% below market allowing for an immediate increase in cash flow.

Highlights

  • Cash Flowing Six-Unit in Woodlawn
  • Six Large 2Br/1Ba Apartments – High Demand Unit Mix
  • Gut Renovated Building with Modern Finishes
  • In Unit Furnace – Tenant Paid Heat
  • New Porches and Rear Parking Slab
  • Average Rent Below Market by 17%; Low PPU Entry Point

Key Details

Sale Price
$895,000
Number of Units
Six (6) Total Units
Submarket
Woodlawn