6450-6458 S Stony Island Avenue
Chicago, IL 60637

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Description

Located at 6450-6458 S Stony Island Ave, Chicago, IL 60637, this 25-unit apartment building with 5 ground-floor retail storefronts offers investors a rare chance to reposition a significant mixed-use property in the heart of Woodlawn, just steps from South Shore. The 25 residential units offer scale for a multi-family repositioning, partially-occupied with 5 vacant retail storefronts. With the right vision and capital, this property has the potential to deliver strong long-term cash flow and become a landmark investment along the Stony Island corridor. Neighborhood highlights: Woodlawn is a hub of transformation, fueled by the upcoming Obama Presidential Center, University of Chicago expansion, and significant public and private investment. South Shore offers lakefront amenities, the South Shore Cultural Center, golf course, and beaches, all minutes away. Excellent access to CTA, Metra, and major thoroughfares position this property for high tenant demand and sustained growth. This is a rare opportunity to acquire a large-scale mixed-use building in a rapidly-appreciating neighborhood. Ideal for value-add investors and developers ready to create a cornerstone asset in one of Chicago's most exciting growth corridors.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60637
• Year Built: 1925
• Stories: 3
• Units: 26 units
• Zoning: COMMR
• # Of Apts: 21
• # Of Offices: 4
• # Of Stores: 1
• # Of Tenants: 14
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air
• Directions: north/south on Stony Island to property
• Electric: Circuit Breakers
• Fire Protection: Smoke or Fire Protectors
• Geographic Locale: Chicago South
• Heat/Ventilation: Forced Air, Gas
• Information: 48-Hr Notice Required
• Lot Size Square Feet: 12500
• Main Type: Commercial Sale
• Property Sub Type: Mixed Use
• Tax Year: 2023
• Tenant Pays: Electricity, Heat
• Township: Hyde Park