6140 S Eberhart Avenue,Chicago, IL 60637
Chicago, IL 60637
Description
This fully renovated 6-unit building in Woodlawn has been strategically repositioned to maximize income and provide long-term stability for its next owner. With strong in-place cash flow and major updates already completed, this is a true turnkey investment. Each unit is exceptionally spacious, offering 3 generously sized bedrooms along with a formal living room, separate dining room, and full kitchen-an increasingly rare layout that supports premium rents. Four of the six units feature front balconies, and all units include rear decks, adding valuable outdoor space for tenants. The property is designed for efficiency, with individual heating systems that shift a significant portion of expenses to tenants, helping to reduce owner overhead. Additional features include a full-building camera system for security and on-site laundry in the basement for tenant convenience. Located in rapidly growing West Woodlawn-one of the South Side's most promising investment corridors-the building is just minutes from the lakefront and a short bike ride to University of Chicago. Hyde Park is also just minutes away, offering tenants convenient access to dining, shopping, entertainment, and everyday essentials. Downtown Chicago is accessible in under 15 minutes by car, making this an ideal location for renters seeking space, value, and connectivity. With large 3-bedroom units driving strong rental demand, this property offers an excellent opportunity to step into immediate cash flow, continued appreciation, and long-term upside-all without the burden of renovation.
Details
| MLS # | 12634033 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1911 |
| Days On Site | 93 |
| Listing Provided By | Blue Door Dave Inc | David Thomas |
Features
| SQ Feet | 9,312 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 6 |
| Zoning | MULTI |
| Acreage | 0.17 |
Interior
| Cooling | None |
|---|---|
| Fireplaces Total | 6 |
Exterior
| Roof | Rubber |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Brick, Concrete |
Utilities
| Electric | Circuit Breakers, Separate Meters |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 9673.62 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60637 |
| Area | CHI Woodlawn |
| Listing VS Median (in 60637) | |
Price: $850,000 low | high Med: $149,500 sqft: 9,312 low | high Med: 1,117 $ / sqft: $91 low | high Med: $146 On site: 93 low | high Med: 19 | |
Market Activity 60637
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60637 |
| Area | CHI Woodlawn |
| Listing VS Median (in 60637) | |
Price: $850,000 low | high Med: $149,500 sqft: 9,312 low | high Med: 1,117 $ / sqft: $91 low | high Med: $146 On site: 93 low | high Med: 19 | |
