House for sale
$1,250,000 - Chicago IL 60637Details
- Baths: 2
- Price: $1,250,000
- Internal Reference No.: 68027522
Overview
6605 S. Kimbark is a gut renovated eight (8) unit, center-entrance walkup located just outside Hyde Park in Chicago's East Woodlawn neighborhood. The property is nestled amongst new construction developments on all sides and is located just blocks from the prestigious University of Chicago. Additionally, the asset sits just blocks away from the construction site of the future Obama Presidential Library, 6605 S. Kimbark has an incredibly desirable unit mix comprised of eight (8) 2Bd/2Ba units. All of which have been gut renovated with high end finishes including granite countertops, stainless steel appliances, dishwashers, in-unit laundry, and modern bathrooms. In addition to its cosmetic finishes, the building also features individual furnaces and hot water tanks, updated electric, and a brand new porch (2021). 6605 S. Kimbark offers an investor the rare opportunity to acquire a cash flowing asset in one of Chicago's fastest growing and rapidly expanding neighborhoods. From day one, an investor will realize an in place cap rate over 8% and a cash return of 9.35%. While the area continues to develop and rents continue to rise, through releasing and increasing rents to updated market levels, an investor could further improve cash returns. For more details and to contact: https://realtyww.info/homes_chicago-d523258/for-sale_i68027522Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-10, Viewed 0 times.
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