6440 S Evans Ave - Apartments FOR SALE


Chicago, IL 60637
$859,000 USD
312-286-0427
6440 S Evans Ave, Chicago, IL for Sale
$859,000 USD
Apartments - FOR SALE
1/124
null | 7.68% Cap Rate

6440 S Evans Ave
Chicago, IL 60637


HIGHLIGHTS

  • New Construction 3-unit in Booming Woodlawn.
  • Set alongside multiple other New Construction Developments.
  • Modern design with the perfect blend of city living and convenience.
  • Close to the Green Line just a short walk away and the University of Chicago and Obama Library.
  • Prime investment opportunity.
  • Can arrange property management for any out of state buyers.

OVERVIEW

Gorgeous NEW Construction 3-unit in Booming Woodlawn. Set alongside multiple other New Developments, this is the most contemporary of them all. Built by an experienced local builder and includes 1 year developer's warranty. Contemporary & Modern design with the perfect blend of city living and convenience, close to the Green Line just a short walk away and the University of Chicago and Obama Library. Each unit has a spacious, open-concept layout and condo quality features, such as 42" cabinets, stainless steel appliances, recessed lighting, in unit laundry, and beautifully tiled floors. Each unit is a large, 1,400 sq ft 3 bed/ 2 bath, with a luxury master bathroom at the rear. The units will rent easily and proforma rents are $7,200/month. Top unit features a vaulted ceiling and decorative railings for an added touch of luxury. Additionally, the developer added soundproofing for added privacy. Prime investment opportunity, positioned for cash flow, appreciation and creating generational wealth in this high inflation environment. Can arrange property management for any out-of-state buyers.

FOR SALE DETAILS

PRICE

$859,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

3

PRICE/UNIT

$286,333

CAP RATE

7.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Construction 3-unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,412 SF

ZONING

RT-4

APN/PARCEL ID

20-22-214-035-0000

ASK ABOUT THIS PROPERTY

Lawrence DunningMain Street Real Estate GroupMore Info
312-286-0427

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Lawrence DunningMain Street Real Estate GroupMore Info
312-286-0427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.