6557 S Minerva - 10-Unit Apartment Building in East Woodlawn
6557 S Minerva Ave
Chicago, IL 60637
Highlights
- 5 3-bed/2-bath, 5 2-bed/2-bath
- 2004 renovation including electric, plumbing, and in-unit hot water tanks, and individual gas-forced HVAC
- Multi-level, condo-quality living
- Long-term, East Woodlawn investment location
Description
We are pleased to present for sale 6557 S Minerva, a three-story 10-unit apartment building located in the East Woodlawn neighborhood of Chicago. The property is located ~six blocks west of the Jackson Park Golf Course and ~5 blocks south of The University of Chicago, in immediate proximity to the future Obama Presidential Library.
The property experienced a complete gut rehab in 2004 deconverting unit count from 12 to 10 for multi-floor, condo-quality residences. The unit makeup is: five (5) 3 Bed/2 Bath & five (5) 2 Bed/2 Bath. All units feature hardwood flooring and tile throughout and modern kitchen features: granite countertops, modern cabinets, updated appliances, and dishwashers. The property also features copper plumbing, in-unit updated electric boxes, in-unit laundry facilities, and individual in-unit hot water tanks.
From an economic perspective, the property features residents with below-market rental rates that allows a future operator to benefit from the opportunity to bring leases to market rental rates in a location that benefits from long-term economic improvement investment stability.
Listing broker has interest in the property.
Northeast corner of Minerva and 66th/Marquette
