6506-6508 South Ellis Avenue
$950,000
16
10
—
—
—
Description
6506-6508 s. Ellis Avenue is a rarely available, beautiful condo building with 6 individual condominiums being sold together as a package. Located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library. All units are currently being rented out. Building underwent major renovation in approximately 2012 (New framing, new 100% copper plumbing, new electrical in all units, individual furnaces and hot water heaters in each unit). Hardwood...6506-6508 s. Ellis Avenue is a rarely available, beautiful condo building with 6 individual condominiums being sold together as a package. Located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library. All units are currently being rented out. Building underwent major renovation in approximately 2012 (New framing, new 100% copper plumbing, new electrical in all units, individual furnaces and hot water heaters in each unit). Hardwood floors in 5 of the 6 units. There are four (4) 2 bedroom, 1 bath units (located on the second and third floors), and two (2) 4 bedroom, 3 bath units on the first floor that are condo units that UTILIZE THE FIRST FLOOR AND THE LOWER LEVEL! Floor plans available from listing agent! Each unit has in-unit laundry, a dishwasher, and one (1) parking space per unit in the rear of the building. Units also have their own furnaces and TENANTS responsible for their own heat and electric. Water is not individually metered. Gated access to the building. Fenced-in yard space in the rear. Tenants also have access to a newer balcony in the rear of each unit. Common areas also remodeled. Because this neighborhood is being sought-after, two single family homes directly across the street (6501 & 6503 S. Ellis Avenue) from this building have sold for $739,000! And more to come with New Construction being built all around! Much more value to add to this building by stabilizing rents to current market value! Once purchased, new owner can sell as individual condos, or combine PINs and request reduction in taxes. Assessor has reduced assessed value by approx 24% for the 2024 tax year! Higher Rents and Less Expenses will equal higher income! Email listing agent for any questions.
- Listed by John Rolla • HomeSmart Realty Group
Property Details for 6506-6508 South Ellis Avenue
Area
CHI - Woodlawn
TownshipHyde Park
ZoningOTHER
LISTING UPDATED: 09/16/2024 12:07 AM
Property Details for 6506-6508 South Ellis Avenue
Status | Active |
---|---|
MLS # | 12143981 |
Days on Market | 34 |
Taxes | $25,832 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Other |
Year Built | 1930 |
Lot Size | 0.14 AC / 6,250 SF |
County | Cook County |
Building Information for 6506-6508 South Ellis Avenue
Stories3Residences6Year Built1930Building Size-Lot Size0.14 AC / 6,250 SF
Property Information for 6506-6508 South Ellis Avenue
Property History for 6506-6508 South Ellis Avenue
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 6506-6508 South Ellis Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 | |||
Public - | PK to 6 |
Rating | School | Distance |
---|---|---|
Wadsworth PreK-8th STEM School PublicPK to 8 | ||
Hyde Park Academy High School Public9 to 12 | ||
Univ of Chicago Chtr-Woodlawn Charter6 to 12 | ||
Woodlawn Elementary Community School PublicPK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.