6557 South Minerva Avenue

Chicago, IL 60637

$1,650,000
Price
25
Beds
20
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Thomas Hart • 33 Realty

Property Details for 6557 South Minerva Avenue

Area
CHI - Woodlawn
Zoning
MULTI
LISTING UPDATED: 11/04/2024 10:27 AM

Property Details for 6557 South Minerva Avenue

StatusActive
MLS #12170537
Days on Market109
Taxes$16,516 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Garden Complex
Year Built1903
Lot Size0.14 AC / 6,174 SF
CountyCook County

Building Information for 6557 South Minerva Avenue

Stories3Residences10Year Built1903Building Size-Lot Size0.14 AC / 6,174 SF

Property Information for 6557 South Minerva Avenue

General Information
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Heat/Ventilation: Individual Furnaces
  • Num of Baths: 20.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat, Hot Water
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Garden Complex
  • Lot Dimensions: 49' X 126'
  • Stories: 3
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2024-09-27T06:20:12
  • Photos Count: 39
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 10
Income & Expenses
  • Electric Expense: $1,200.00
  • Fuel Expense: $.00
  • Gross Income: $222,000.00
  • Gross Scheduled Income: $211,200.00
  • Insurance Expense: $8,199.00
  • Maintenance Expense: $7,000.00
  • Manager Expense: $9,104.00
  • Janitor Expense: 1800
  • Other Expense Source: Broker Projection
  • Total Monthly Income: 18500
  • Net Operating Income: $123,381.00
  • Operating Expense: $58,700.00
  • Other Expense: $.00
  • Trash Expense: $3,180.00
  • Water Sewer Expense: $6,000.00
Unit 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 5
Unit 3
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 6557 South Minerva Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6557 South Minerva Avenue

Taxable ValueLand$5,507Additions$72,492Total$77,999
Tax Record2022$16,043 ($1,337 / month)
Home Facts
Stories3Lot Size6,119 SqFtStyleMulti-Family Res (5+ Units)Year Built1903CountyCOOKAPN20-23-119-021

Schools near 6557 South Minerva Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 6
Charter - 6 to 12
Rating
School
Distance
Wadsworth PreK-8th STEM School
PublicPK to 8

Hyde Park Academy High School
Public9 to 12

Woodlawn Elementary Community School
PublicPK to 6

Univ of Chicago Chtr-Woodlawn
Charter6 to 12

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.

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6557 South Minerva Avenue is a multi-family home for sale in Chicago, IL 60637. This property was listed for sale on September 24, 2024 by 33 Realty, it's currently listed at $1,650,000. It has been on the market for a total of 109 days and was last sold on April 1, 2021. This listing's school district is Chicago Public Schools. Nearby schools include Wadsworth PreK-8th STEM School, Hyde Park Academy High School and Woodlawn Elementary Community School. 6557 South Minerva Avenue is a 25-bed, 20-bath, multi-family home built in 1903.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 33 Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/04/2024 10:27 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.