Turnkey Greystone with Additional Lot – Prime West Woodlawn Investment Discover a rare opportunity to own a beautifully kept two-unit Greystone with endless income potential in the fast-growing West Woodlawn community. Ideally located near the University of Chicago, this property offers convenience, stability, and growth for seasoned investors and first-time buyers alike. The first-floor unit offers 2 bedrooms and 1 bath, currently vacant and ready for immediate occupancy. The second-floor unit features 3 bedrooms and 1 bath, occupied by a long-term tenant providing instant cash flow. Each unit has separate utilities. Additional features include a two-car garage for parking or extra rental income, along with an additional lot perfect for expansion, outdoor living, or future development. This property sits on a well-maintained block surrounded by neighborhood pride. With strong rental demand from students, staff, and faculty, plus the potential for University of Chicago employee housing incentives, this is a smart and secure addition to your portfolio. Whether you’re looking to live in one unit while your tenant helps cover the mortgage or rent out both for maximum returns, this is a true turnkey opportunity in one of Chicago’s most dynamic neighborhoods. Schedule your private tour today! This property is being sold as is .
Property Details
Price:
$325,000
MLS #:
MRD12410057
Status:
Active Under Contract
Beds:
5
Baths:
2
Type:
Multi Family
Neighborhood:
chiwoodlawn
Listed Date:
Aug 16, 2025
Year Built:
1898
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Construction Materials
Brick, Stone
Parking Features
On Site, Detached, Garage
Parking Spots
2
Financial
Tax Year
2023
Taxes
$3,619
Listing Agent & Office
Kristen Roussev
Village Realty, Inc.
See this Listing
Mortgage Calculator
Map
Similar Listings Nearby

6510 S Rhodes Avenue
Chicago, IL


Recent Comments