6619-6629 S Greenwood Ave

Kiser group is pleased to exclusively present for purchase 6619 S. Greenwood, a rarely
available thirty-eight (38) unit, center entrance courtyard in Chicago’s East Woodlawn
neighborhood. The property sits directly South of Hyde Park and is just blocks away
from the prestigious University of Chicago. Additionally, the asset is just blocks from
the developing site of the Obama Presidential Library.
Sitting on a premier block, 6619 S. Greenwood is uniquely comprised of thirty-eight
(38) total units, all of which are incredibly spacious and feature an abundance of
updates. The unit mix is currently made up of four (4) 1Bd/1Ba units, thirty-two (32)
2Bd/1Ba units, and two (2) 3Bd/1Ba units. All of which, however, feature an open
floorplan and boast hardwood flooring throughout. Furthermore, all of the units are
equipped with updated kitchens and baths, which include granite countertops,
stainless steel appliances, and newer bathroom vanities. Additional improvements to
the building include, but are not limited to: an abundance of plumbing updates,
updated porches, a new Weil and McLean central boiler system, a new high efficiency
water heater and separate storage tank, along with a laundry facility in the basement
equipped with multiple washer and dryers adding additional income to the buildings
bottom line.
6619 S. Greenwood presents an investor the opportunity to acquire a rarely available
courtyard building in one of Chicago’s fastest growing and rapidly expanding
neighborhoods. Additionally, this opportunity presents immediate scale, and an
investor will realize a positive, cash flowing asset from day one at an 9% cap rate with
plenty of room to both increase revenue and cut expenses.