6402 S Greenwood Avenue
RARE WOODLAWN 3-FLAT Greystone with EXCEPTIONAL unit sizes & STABILIZED PREMIUM cash flow. Strategically located just steps from the Obama Presidential Center, slated for its grand opening in June 2026. This is a turn-key, high-performing asset in the heart of one of Chicago's most high-growth corridors. INVESTMENT HIGHLIGHTS: FULLY OCCUPIED: The building is now fully leased, featuring top-of-market rents and a proven track record of immediate income. INCREASED PERFORMANCE: Cash flow has been significantly optimized with the recent leasing of the top floor at a premium rate. THE STANDOUT: Massive first-floor duplex unit-significantly larger than typical Woodlawn conversions-commanding superior rent. RECENT CAPITAL IMPROVEMENTS: Meticulously maintained with extensive upgrades ensuring low-maintenance ownership: Unit 3: Fully updated with new floors, paint, trim, kitchen, and bathroom. Plumbing: Full overhaul including a Copper Water Supply Line upgrade (2024)-entirely eliminating lead piping. Laundry: Completely renovated basement laundry area. Common Areas: Freshly painted foyer and common spaces. Mechanicals: All systems are operational and professionally maintained. LOCATION ADVANTAGES: Unbeatable proximity to major demand drivers: Walking distance to UChicago Main Campus, UChicago Law School, and UChicago Medical Center. Residents enjoy easy access to the Lakefront and the upcoming Obama Presidential Center, ensuring a never-ending pipeline of high-quality tenant prospects. CONDITION: This is NOT a rehab project. It is a stabilized, turn-key investment. Your client can close and begin collecting premium rental income on day one. Includes a detached garage.
- Conscious Plates 0.4 mi
- McKie's DJ Lounge 0.4 mi
- Subway 0.4 mi
- Daley's Restaurant 0.4 mi
- Arley D. Cathey Dining Commons 0.5 mi
- Woodlawn Dining Commons 0.6 mi
- Mobil Mart 0.3 mi
- Tony's Dollar Store 0.3 mi
- Aldi 0.4 mi
- Citgo 0.5 mi
- Midway Market 0.5 mi
- Jewel-Osco 0.6 mi
- Wadsworth Campus Park 450 ft
- Mamie Till-Mobley Park 500 ft
- Moccasin Ranch Park 0.2 mi
- Flying Squirrel Park 0.2 mi
- Arnita Young Boswell Park 0.2 mi
- Prairie Wolf Park 0.3 mi
- Robust Coffee Lounge 0.3 mi
- Build Coffee 0.7 mi
- Harper Cafe 0.7 mi
- Grounds of Being 0.8 mi
- Cobb Coffee Shop 0.8 mi
- Greenline Coffee 0.8 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12582166