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About this home
Presented by Kiki Parmar
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This unit is one of four separately-deeded condos (Units 1-4 have individual APNs) in the same building, available together to one buyer. Seller offers a conversion credit to combine the units into a multi-unit building - a strong value-add opportunity for the right investor. Rare investment opportunity in Chicago's rapidly growing Woodlawn neighborhood! This offering includes 4 individually deeded condominium units within the same building, all owned by a single seller who prefers to sell the entire portfolio to one buyer. The property has been well maintained with a newer roof and HVAC systems, while each unit features granite countertops, in-unit stackable washer/dryer, supplemental heating, and ample storage. A major advantage is no HOA, no monthly assessments, no reserve contributions, and no association fees, helping maximize cash flow and reduce operating expenses. Ideal for investors seeking immediate rental income and long-term appreciation near the Obama Presidential Center, University of Chicago, Jackson Park, and Lake Michigan. The area continues to benefit from significant redevelopment, new construction activity, and infrastructure investment. Currently configured as 4 separate condominium units, the property also presents the potential for conversion to a traditional multi-unit building, subject to buyer due diligence and municipal requirements. A unique opportunity to acquire an entire building under single ownership in one of Chicago's most promising growth corridors.
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Open houses
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Around this home
Schools
K - 12
Preschool & daycare
Till Elementary Math & Science Academy
Public PreK-8 • Assigned • 0.2mi
3/10
Hyde Park Academy High School
Public 9-12 • Assigned • 1.2mi
2/10
Provided by GreatSchools
About West
Woodlawn
West Woodlawn, located between Washington Park and Jackson Park, is a residential and academic Chicago neighborhood with classic brick two-flats and leafy boulevards. The neighborhood’s energy concentrates around 63rd Street and Cottage Grove Avenue, where storefront corridors and campus-bound foot traffic set the daily rhythm. The Rebuild Foundation’s Stony Island Arts Bank and the South Side Community Art Center serve as cultural anchors with a strong sense of place. Blocks of greystones and courtyard buildings sit alongside newer infill near the University of Chicago. Green space and lakefront paths shape weekend routines. Transit lines and wide arterials keep the geography legible and connected.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Bedrooms
3 bedrooms
Bathrooms
2 bathrooms
Home design
Condo
Electricity and solar
View estimated energy costs and solar savings for this home
Residential Two-Flat, Townhouse and Multi-Unit District
The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in areas characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Public service
Sun exposure
80/ 100
Very good sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Chicago. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.9 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
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