Properties

Features
: Natural Gas
: Full , Walk-Out Access , Finished
: Garage Door Opener , Garage Owned , Garage , Detached , Yes
: Public Sewer
Address Map
US
IL
Cook
Chicago
60637
Evans
6552
Avenue
W88° 23' 33.5''
N41° 46' 30.7''
Marquette Rd. E or W to Evans Ave., N to 6552
CHI - Woodlawn
CHI - Woodlawn
S
S
MULTI
Neighborhood
299
299
299
Additional Information
: Curbs , Street Paved , Sidewalks , Street Lights
: Frame
2
25X125
: Public
eXp Realty - Chicago North Ave
Ryan Widerberg
Financial
7134.63
Listing Information
8462
609
MRED
: List Broker Must Accompany
Listing Information
Contingent
2026-10-07T08:55:04Z
2026-10-05T22:09:12Z
Property Description

Rare Opportunity: Anyone INCLUDING Non-Veterans Can Assume This 2.487% VA Mortgage & Save Over $418,000 in Interest! Save $1,373 Every Month by Locking In This Historically Low, Fixed-Rate Loan Instead of Today’s ~7.25% Market Rate! Ideal for Owner-Occupants or Savvy Investors – Only a Handful of Multi-Units in All of Illinois Qualify for a Rate This Good! This New Construction (Built 2021) 2-Unit Brick-and-Frame Building in the Heart of Chicago’s Booming Hyde Park / West Woodlawn Corridor is FULLY LEASED and Cash-Flowing from Day One! Minutes From the Obama Presidential Center, the University of Chicago (#6 University in the Nation), and Hyde Park’s Dining & Entertainment Scene! Unit 1 is a Spacious 3 Bed / 2.5 Bath Duplex-Up with Flowing Open-Concept Living, Quartz Countertops, a Walk-In Pantry, and a Spa-Inspired Primary Suite w/ Rain Shower! Unit 2 is a Well-Designed 2 Bed / 1 Bath Layout with High Windows and a Bright, Comfortable Interior. Both Units Feature In-Unit Washer/Dryer, Modern Shaker Cabinetry, Quartz Counters & Hardwood Floors & 1 Assigned Parking Space Apiece Inside Included Two-Car Detached Garage! Tenants Pay ALL Utilities! Unit #1 Rented for $2,615/Month (Incl. Parking), Lease Through 5/2027. Unit #2 Rented for $1,800/Month Beginning 10/2026 – Combined Rent of $4,415/Month! You Could Acquire This Cash-Flowing Asset for as Little as $7,466 to Close by Assuming the Seller’s Fixed 2.487% VA Loan and Financing the Remaining Gap w/ a Securities-Backed Line of Credit, Cash or a 2nd Mortgage – an 8.47% Cap Rate and a Cash-on-Cash Return of up to 211% (depending on purchase structure)! Don’t Miss This Once-in-a-Cycle Chance to Lock In 2021-Era Financing in a 2026 Rate Environment! Security System Included. For Information on Qualifying for 2nd Mortgages on Mortgage Assumptions, Contact Dan Fray of Barrett Financial.

Residential Income For Sale

6552 S Evans Avenue, Chicago, Illinois 60637

  • Bedrooms : 5
  • Bathrooms : 4
$630,000
Listing ID#12776774
QR Code
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 12776774
Price : $630,000
Bedrooms : 5
Rooms : 12
Bathrooms : 4
Year Built : 2021
Listing Status : Active Under Contract
Roof
Roof : Asphalt
Contact Agent