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6020 S Vernon Avenue Chicago, IL 60637 Multi Unit - Multiple (Bank Owned) - Active

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Description

Located in the highly desirable Woodlawn neighborhood, just steps from Washington Park, this classic all-brick two-flat offers exceptional value, flexibility, and investment potential. The first and second-floor units feature nearly identical layouts, each with a spacious living room, two bedrooms, and a galley-style kitchen. The second-floor unit is move-in ready, showcasing newer flooring, an updated kitchen with modern cabinetry and new appliances, and a renovated bathroom. It's the perfect opportunity to live comfortably while updating the rest of the property. The first-floor unit has already seen many of the major improvements completed and is ready for your finishing touches. Whether you're looking to customize your own living space or maximize rental income, it's a blank canvas with endless possibilities. The full basement, previously finished, has two separate entrances and offers tremendous potential. Restore it as a third unit (subject to local zoning and approvals) or duplex it with the first-floor unit to create a spacious owner's residence while generating rental income from the second-floor apartment. The location is hard to beat, with convenient access to Washington Park, the lakefront, the Obama Presidential Center, the University of Chicago, public transportation, and neighborhood amenities. Whether you're an investor or an owner-occupant, this property offers outstanding upside in one of Chicago's fastest-growing communities. Don't miss this opportunity-schedule your showing today and discover everything this property has to offer!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 6
Bathrooms: 3
County: Cook
Listed By:
Re/Max Premier 708-246-6300
MRED MLS
$260,000
Est. $1,726/mo
6beds
3baths
New to the Market (Bank Owned) - Active
BEDS6 BATHS3 full MLS#12691723
STATUS(Bank Owned) - Active PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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Ruhl&Ruhl Realtors
563.441.1776

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6020 S Vernon Avenue, Chicago, IL 60637.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $260,000$260,000$260,000
Down Payment $52,000$9,100$65,000
Monthly Mortgage Amount $1,264$1,551$1,606
Taxes $362$362$362
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$114$0
Monthly Estimated Total $1,726$2,127$2,068

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