6520 S Ellis Avenue, Chicago, IL

$499,900

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7

Beds

About 6520 S Ellis Avenue

Why pay a full mortgage when tenants can cover it? Turnkey East Woodlawn 2-flat with massive income potential. Unit 1: 4BD/2BA duplex with 2 living areas, stainless steel appliances, and in-unit laundry/storage. King-sized beds fit easily, making it ideal for short-term rentals, house hacking, or related living. Unit 2: Bright 3BD/1BA with L-shaped kitchen, in-unit W/D, and a primary bedroom that fits a king. Bonus: The lower level offers flexibility as a plug-and-play short-term rental crash pad or can be converted into a future standalone unit with already existing private entrances. The building has separate utilities, a rear deck for each unit, a yard, and a gorgeous all-masonry 2-car brick garage. Location is a dream. You are minutes from the University of Chicago, Lake Michigan beaches & trails, and within walking distance of public transit - including the Green Line to downtown and all the dining and shopping districts we love in Hyde Park. Driven by $500M+ at the Obama Presidential Center and UofC expansion, Woodlawn home values have outpaced city averages by 12%. 4-bed short-term rentals average $325+/night nearby. Live in one, rent the rest, or collect multiple checks from day one.

Features of 6520 S Ellis Avenue

MLS® # 12731749
Price $499,900
Bedrooms 7
Bathrooms 0.00
Year Built 1909
Type Residential Income
Sub-Type Two to Four Units
Status Contingent

Community Information

Address 6520 S Ellis Avenue
Area CHI - Woodlawn
City Chicago
County Cook
State IL
Zip Code 60637

Amenities

Parking Spaces 2
Parking Garage Door Opener, Yes, Garage Owned, Detached, Garage
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement Yes
Basement Finished, Full

Exterior

Exterior Brick

School Information

District 299

Additional Information

Days on Market 23
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

Office@properties Christie's International Real Estate

Listing Map

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