6557 S Minerva Avenue, Chicago, IL 60637
Commercial Property
Built in 1903
—— sqft lot
—— car garage
$——/sqft
Listed 10 months ago
Property Description
We are pleased to present for sale 6557 S Minerva, a three-story 10-unit apartment building located in the East Woodlawn neighborhood of Chicago. The property is located ~six blocks west of the Jackson Park Golf Course and ~5 blocks south of The University of Chicago, in immediate proximity to the future Obama Presidential Library. The property experienced a complete gut rehab in 2004 deconverting unit count from 12 to 10 for multi-floor, condo-quality residences. The unit makeup is: five (5) 3 Bed/2 Bath & five (5) 2 Bed/2 Bath. All units feature hardwood flooring and tile throughout and modern kitchen features: granite countertops, modern cabinets, updated appliances, and dishwashers. The property also features copper plumbing, in-unit updated electric boxes, and in-unit laundry facilities From an economic perspective, the property features residents with below-market rental rates that allows a future operator to benefit from the opportunity to bring leases to market rental rates in a location that benefits from long-term economic improvement investment stability. In-place 7.8 cap rate and 10.9 cap rate with stabilized market rents. Listing broker has interest in the property.
- Listing Status:
- Active
- Listing Office:
- 33 Realty : 219-465-8584
- Listing Agent:
- Thomas Hart : 219-465-8584
- MLS ID:
- 12170537

- A/C: Central Air
This listing courtesy of Thomas Hart, 33 Realty
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Woodlawn Elementary Community School
6657 S Kimbark Ave, Chicago, IL, 60637
Grades PK-6
0.17 miles away
Wadsworth Elementary School
6650 S Ellis Ave, Chicago, IL, 60637
Grades PK-8
0.22 miles away
Univ of Chicago Charter-Woodlawn
6300 S University Ave, Chicago, IL, 60637
Grades 6-12
0.35 miles away