BEDS5
BATHS4 full
MLS#12703114
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 299
Property Description
Rare Opportunity: Anyone INCLUDING Non-Veterans Can Assume This 2.487% VA Mortgage & Save Over $418,000 in Interest! Save $1,373 Every Month by Locking In This Historically Low, Fixed-Rate Loan Instead of Today's ~7.25% Market Rate! Ideal for Owner-Occupants or Savvy Investors - Only a Handful of Multi-Units in All of Illinois Qualify for a Rate This Good! This New Construction (Built 2021) 2-Unit Brick-and-Frame Building in the Heart of Chicago's Booming Hyde Park / West Woodlawn Corridor is FULLY LEASED and Cash-Flowing from Day One! Minutes From the Obama Presidential Center, the University of Chicago, and Hyde Park's Dining & Entertainment Scene! Unit 1 is a Spacious 3 Bed / 2.5 Bath Duplex-Up with Flowing Open-Concept Living, Quartz Countertops, a Walk-In Pantry, and a Spa-Inspired Primary Suite w/ Rain Shower! Unit 2 is a Well-Designed 2 Bed / 1 Bath Layout with High Windows and a Bright, Comfortable Interior. Both Units Feature In-Unit Washer/Dryer, Modern Shaker Cabinetry, Quartz Counters & Hardwood Floors & 1 Assigned Parking Space Apiece Inside Included Two-Car Detached Garage! Tenants Pay ALL Utilities! Unit #1 Rented for $2,615/Month (Incl. Parking), Lease Through 5/2027. Unit #2 Rented for $1,800/Month Beginning 10/2026 - Combined Rent of $4,415/Month! You Could Acquire This Cash-Flowing Asset for as Little as $7,466 to Close by Assuming the Seller's Fixed 2.487% VA Loan and Financing the Remaining Gap w/ a Securities-Backed Line of Credit, Cash or a 2nd Mortgage - an 8.47% Cap Rate and a Cash-on-Cash Return of up to 211% (depending on purchase structure)! Don't Miss This Once-in-a-Cycle Chance to Lock In 2021-Era Financing in a 2026 Rate Environment! Security System Included. OpenHouses August 8th from 10am-1pm & August 9th from 12pm-3pm.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished, Full, Walk-Out Access
Basement: Yes
Garage: 2
Heating: Natural Gas
Lot Size: 0.07 Acres
Roof Type: Asphalt
Taxes: $7,134
Year Built: 2021
Feature Descriptions
Bath Features: Double Sink
Exterior: Frame
Lot Dimensions: 25X125
Other Equipment: Ceiling Fan(s), Multiple Water Heaters
Parcel#: 20222220550000
Parking: Garage Door Opener, Yes, Garage Owned, Detached, Garage
Sewer: Public Sewer
Total Rooms: 12
Township: Hyde Park
Water: Public
Local Schools
School District: District 299
Listed By / Shown By
Listed By
Agency Name: eXp Realty - Chicago North Ave
Agency Phone: 888-574-9405
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 1,853.12 per month $1,112.78 Principal & Interest $594.50 Property Tax $145.83 Homeowner's InsuranceChange Payment Information
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6552 S Evans Avenue | MLS# 12703114
This multi-family property located at 6552 S Evans Avenue , Chicago, IL 60637 is currently listed for sale with an asking price of $500,000. S Evans Avenue is located within the District 299 school district. Search Chicago real estate on www.bhhscrosby.com today.