Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
6112 S Vernon Avenue,Chicago, IL 60637
$729,000
- 11 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: david thomas
Office: blue door dave inc
MLS#:12562523
Source:MLSNI
Price summary
- Price:$729,000
About this home
Beautiful All-Brick 3-Unit Building in West Woodlawn This well-maintained all-brick 3-unit building in West Woodlawn offers spacious layouts, strong cash flow, and long-term upside in one of Chicago's fastest-growing areas. The first-floor unit features 3 bedrooms and 2 bathrooms, including a primary suite with an en-suite bath. The second and third floors each offer 4 bedrooms and 2 full bathrooms. All units feature hardwood floors, fireplaces, stainless steel appliances, newer hot water tanks, and newer furnaces. The entire building underwent a full gut rehab in 2019, including a complete tear-off roof and a new water service line, providing copper piping from the street into the basement. The first-floor unit is currently operated as a successful Airbnb but can easily be owner-occupied or rented long-term for an estimated $1,800-$2,200 per month, adding immediate cash flow flexibility. The second and third floor tenants have been in place for years and are responsible, long-term occupants. The second-floor unit includes use of the 2-car garage and is currently on a month-to-month lease. While current rents are near market, there is clear potential for rent increases to maximize value. The third-floor unit has help from an organization and receives a subsidy, providing guaranteed rent as an added benefit. The basement is unfinished but exceptionally clean and well-maintained. The property is truly turnkey and well positioned for appreciation with the upcoming Obama Presidential Center nearby. Conveniently located near the University of Chicago, Downtown Chicago, Lake Shore Drive, and the future Obama Center, this is a strong investment opportunity in a rapidly developing neighborhood. Schedule your showing today. First floor and basement are easy to show; second and third floor showings available with serious interest.
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Home facts
- Year built:1909
- Listing ID #:12562523
- Added:1 day(s) ago
- Updated:February 06, 2026 at 08:36 PM
Rooms and interior
- Bedrooms:11
- Total bathrooms:6
- Full bathrooms:6
Heating and cooling
- Heating:Forced Air, Individual Room Controls, Natural Gas
Structure and exterior
- Roof:Flat, Rubber
- Year built:1909
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$729,000
- Tax amount:$6,852 (2024)
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