6039 S Eberhart Avenue, Chicago, IL 60637
Great Investment Opportunity in developing Woodlawn! Brick 4 Unit Building with a Coach Unit in the rear of building above the garage. This building has enormous potential and needs some TLC. The first floor is a 3 bed / 1 bathroom. The 2nd floor and 3rd floor are 4 bedroom / 1 bathroom so these are larger units. The basement unit and coach unit are 1 bedroom / 1 bathroom. Current rents are at $1,000 per unit which are well below the current market. With improvements market rate for the 3 bedroom is $1,300+ and the 4 bedrooms are $1,500+. The building is in very close proximity to The University of Chicago, The Obama Presidential Center, Jackson Park Golf Course, Lake Michigan, and easy access to Lake Shore Drive. This property requires a Commercial Loan due to the Coach Unit above the garage.
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