WE ARE IN A MULTIPLE OFFER SITUATION. ALL OFFERS ARE DUE BY 5 PM ON WEDNESDAY, FEBRUARY 12, 2025. Woodlawn is hot!!! This all brick, legal 2-unit building with a garden unit is very well-maintained and it is in an excellent location! Better yet: the current FHA mortgage payment is $4,513 per month with a 3.5% down payment (or $21,875) but this building also generates $2,300 per month in rental income, and the tenants are great too! This brings your payment to $2,213 per month ($4,513 minus $2,300) all while Woodlawn continues to increase in value, especially as The Obama Presidential Center gets earmarked for completion in 2026! Actually, this property has two solid strategies. First, as mentioned above, you can live in one unit and rent out the other units. Second, you can just keep the entire building as an investment property! The first floor unit and the second floor unit each consist of three bedrooms and a bathroom. Both of these units feature large windows for that bright, eastern facing, natural sun exposure, which lights up the living room and dining room areas; both units are further accentuated with tall ceilings, luxury vinyl flooring on the first floor and hardwood floors on the second floor, a pretty light gray wall color, a functional floor plan and an in-unit washer and dryer. The kitchens are equally amazing with their white, shaker style kitchen cabinets, their perfectly selected granite countertops and their pristine stainless steel appliances. You will love each unit! You will also love the garden unit; it features two bedrooms and a full bathroom; it is spacious and functional, and just right. Equally important, this beautiful building is close to it all: walking distance to The University of Chicago, Washington Park, Jackson Park, The Obama Library, Jewel, transportation and Robust Coffee. It is a must see. It is a true armchair investment. A 10!
Closed
$600,000
6020 S Eberhart Ave, Chicago, IL 60637
5beds
--sqft
Multi Family
Built in 1909
-- sqft lot
$615,500 Zestimate®
$--/sqft
$2,182 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 31, 2025 at 01:15am
Listing courtesy of:
Peter Drossos 773-593-5626,
Peter Drossos Real Estate
Bought with:
Krystal Corley
RE/MAX Premier
Source: MRED as distributed by MLS GRID,MLS#: 12279691
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 3
Heating
- Forced Air
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: Off Alley, Off Street, Alley Access, Garage Faces Side, On Site, Owned
- Has garage: Yes
Features
- Patio & porch: Porch
Lot
- Size: 3,125 sqft
- Dimensions: 25 X 125
Details
- Parcel number: 20154020150000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- New construction: No
- Year built: 1909
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & neighborhood
Community
- Community features: Park, Tennis Court(s), Lake, Curbs, Gated, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Other
Other facts
- Listing terms: FHA
- Ownership: Fee Simple
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$615,500
2% more+$12,310
With Zillow Showcase(estimated)$627,810