Property Overview

Interra Realty is pleased to market for sale the property at 6449 S Langley Ave in Chicago's Woodlawn neighborhood. The subject property is comprised of 12 with a unit mix of one studio, eight one-bedroom, and three two-bedroom units. Located in a highly desirable area with proximity to the University of Chicago, the Obama Presidential Library and the expansive Washington and Jackson Parks.

The property is currently vacant and presents potential investors with the opportunity to acquire a value add property in a rapidly appreciating south side neighborhood. Units in the building are in varying condition with rehab progress made in a portion of the building. Through completing the rehab and building a new rent roll, future owners will be positioned to achieve a 10% cap rate.

Highlights

  • Attractive California style building with substantial courtyard space
  • Value add opportunity through completing rehab and building new rent roll
  • Optimal location with proximity to University of Chicago and extensive Chicago parks

Key Details

Sale Price
$575,000
Number of Units
Twelve (12)
Submarket
Woodlawn