6201 Champlain Avenue

    Chicago, IL 60637
    • $1,500,000
    • STATUS: Active
    • ON SITE: 32 days
    • MLS #: 10619030
    UPDATED: 38 min ago
    $1,500,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Ratings & Info

    Description

    12 Unit corner building located in the rapidly appreciating Woodlawn community. Excellent location in the Northwest Quadrant of Woodlawn. Blocks to 63rd and Cottage Grove Greenline Train, new Jewel Grocery, 300+acre Washington Park, University of Chicago Campus and Hospital. The building was deconverted from a condominium development about 10 years ago and has many improvements not typically found in Multi Family offering in the area. Each unit has updated kitchens and bathrooms, individual HVAC, laundry hook up, individual water heaters, in-unit 100 amp electrical, hardwood floors in common areas, uniform carpet in bedrooms, modern windows secure entry, and new rear porches (2018). The building has been maintained by a professional corporate operator since deconversion and is currently professionally managed. Two entrances with 6 units per entrance, one entrance on Champlain, one entrance on 62nd Street. Great unit mix, four main-level, duplex-down apartments, each with 3 Bedrooms/3 Bathrooms. These units have modern mechanical systems in the lower level. The building also has two 3 Bedroom/2 Bath Units. The are also four 2 Bedroom/2bath units and two 2 bedroom/1 bath units. Excellent investment as currently configured and operated with value add opportunity. Woodlawn has strong growth potential and this building would be an excellent addition to a serious investors portfolio. All major systems in good and serviceable condition. Recent redevelopment surrounds this property, including the new mixed use and multifamily buildings located at 63rd and Cottage Grove and 60th and Cottage Grove. Residential rehab work is visible throughout the neighborhood.

    Monthly Payment Calculator



    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2020-02-26T13:52:03.287 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.chicagolandexclusivehomes.com/homes/102583182

    6201 Champlain Avenue Chicago, IL 60637

    • Price: $1,500,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 10619030
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1915
    Built
    Neighborhood:
    Chi - Woodlawn
    County:
    Cook
    Area:
    Chi - Woodlawn
    Property Description
    12 Unit corner building located in the rapidly appreciating Woodlawn community. Excellent location in the Northwest Quadrant of Woodlawn. Blocks to 63rd and Cottage Grove Greenline Train, new Jewel Grocery, 300+acre Washington Park, University of Chicago Campus and Hospital. The building was deconverted from a condominium development about 10 years ago and has many improvements not typically found in Multi Family offering in the area. Each unit has updated kitchens and bathrooms, individual HVAC, laundry hook up, individual water heaters, in-unit 100 amp electrical, hardwood floors in common areas, uniform carpet in bedrooms, modern windows secure entry, and new rear porches (2018). The building has been maintained by a professional corporate operator since deconversion and is currently professionally managed. Two entrances with 6 units per entrance, one entrance on Champlain, one entrance on 62nd Street. Great unit mix, four main-level, duplex-down apartments, each with 3 Bedrooms/3 Bathrooms. These units have modern mechanical systems in the lower level. The building also has two 3 Bedroom/2 Bath Units. The are also four 2 Bedroom/2bath units and two 2 bedroom/1 bath units. Excellent investment as currently configured and operated with value add opportunity. Woodlawn has strong growth potential and this building would be an excellent addition to a serious investors portfolio. All major systems in good and serviceable condition. Recent redevelopment surrounds this property, including the new mixed use and multifamily buildings located at 63rd and Cottage Grove and 60th and Cottage Grove. Residential rehab work is visible throughout the neighborhood.
    Exterior Features

    Construction Brick Frontage Access City Street Land Amenities Curbs And GuttersLighting/ExteriorSecurity EntranceSidewalks Location Corner Lot Dimensions 60X122 Number Of Parking Spaces 0

    Interior Features

    Air Conditioning Central Air Basement Description Finished Fire Protection Carbon Monoxide Detector(S) Number Of Bedrooms Type5 0 Number Of Bedrooms Type6 0 Number Of Bedrooms Type7 0 Number Of Bedrooms Unit1 3 Number Of Bedrooms Unit2 3 Number Of Bedrooms Unit3 2 Number Of Bedrooms Unit4 2 Number Of Dishwashers 0 Number Of Full Bathrooms Type1 2 Number Of Full Bathrooms Type2 2 Number Of Full Bathrooms Type3 2 Number Of Full Bathrooms Type4 1 Number Of Ranges 12 Number Of Refrigs 12 Number Of Rooms Unit Five 0 Number Of Rooms Unit Four 4 Number Of Rooms Unit Six 0 Number Of Rooms Unit1 6 Number Of Rooms Unit2 5 Number Of Rooms Unit3 4 Number Of Rooms Unit7 0 Number Of Stories 3 Number Of Units Apt Type1 4 Number Of Units Apt Type2 2 Number Of Units Apt Type3 4 Number Of Units Apt Type4 2 Number Of Units Apt Type5 0 Number Of Units Apt Type6 0 Number Of Units Apt Type7 0 Repairs Decor Expense 14501

    Property Features

    Age Older Assessment Includes None Built Before1978 YN Yes Current Use Residential-Multi-Family Electric Expense Source Actual Electrical Service Circuit BreakersSeparate Meters Electricity Expense 951 Expense Year 2018 Exterior Building Type Brick Fuel Expense 0 Fuel Expense Source Actual Gross Rental Income Amount 158448 Heat Ventilation Forced AirGasSeparate Per Unit Insurance Expense 1981 Insurance Expense Source Actual Janitor Expense 2111 Janitor Expense Source Actual Known Encumbrances First Mortgage Monthly Income Max1 1500 Monthly Income Max2 870 Monthly Income Max3 1100 Monthly Income Max4 1125 Net Oper Income Amount 76554 Other Expenses 0 Tax Year 2018 Taxes 14789 Tenant Pays Air ConditioningElectricHeatHot Water Total Annual Exp 81894 Total Annual Expense Source Actual Total Annual Income 158448 Total Monthly Income 13204 Type Multi Family Flats Water Expense 10573 Water Expense Source Actual Zoning Type Multi

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Exit Strategy Realty / Ema Management.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Helen Oliveri Real Estate. Based on information submitted to the MRED as of 2020-02-26T13:52:03.287 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    Helen Oliveri Real Estate
    101 W. Gilmer Road
    Hawthorn Woods IL, 60047