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!

Listing Courtesy of MRED as distributed by MLS Grid of Peter Drossos Real Estate



Based on information submitted to the MLS GRID as of 2025-02-05 06:53 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-02-05 06:53 AM UTC
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