6140 S Eberhart Avenue

Property Description

This fully renovated 6-unit building in Woodlawn has been strategically repositioned to maximize income and provide long-term stability for its next owner. With strong in-place cash flow and major updates already completed, this is a true turnkey investment. Each unit is exceptionally spacious, offering 3 generously sized bedrooms along with a formal living room, separate dining room, and full kitchen-an increasingly rare layout that supports premium rents. Four of the six units feature front balconies, and all units include rear decks, adding valuable outdoor space for tenants. The property is designed for efficiency, with individual heating systems that shift a significant portion of expenses to tenants, helping to reduce owner overhead. Additional features include a full-building camera system for security and on-site laundry in the basement for tenant convenience. Located in rapidly growing West Woodlawn-one of the South Side's most promising investment corridors-the building is just minutes from the lakefront and a short bike ride to University of Chicago. Hyde Park is also just minutes away, offering tenants convenient access to dining, shopping, entertainment, and everyday essentials. Downtown Chicago is accessible in under 15 minutes by car, making this an ideal location for renters seeking space, value, and connectivity. With large 3-bedroom units driving strong rental demand, this property offers an excellent opportunity to step into immediate cash flow, continued appreciation, and long-term upside-all without the burden of renovation.

Overview

Property Status

For Sale

Lot Size

7,500 Sq.Ft.

MLS ID

12634033

Property Type

Multi-Family

Year Built

1911

Are you interested?

Schedule a Tour

David L. Thomas, "Blue Door Dave"

(773) 301-7966 [email protected]

Features & Amenities

Total Area

9,312 Sq.Ft.

Neighborhood

Woodlawn

Stories

Roof

Rubber

Air Conditioning

None

Substructure

Concrete Perimeter

Sales Price

$850,000

Real Estate Tax

$9,674/yr

Maintenance Fee

$678/mo

Zoning

MULTI

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for your interest in 6140 S Eberhart Avenue, Chicago, IL 60637

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