LKV Realty
Logo
$500,000
$2,900Reward *
6552 S Evans Avenue, Chicago, IL 60637Listing ID 12703114

6552 S Evans Avenue, Chicago, IL 60637

Contingent
CHI - Woodlawn
Time on site: 17 daysLast updated: 4 hours ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
5
Bathrooms
Bathrooms
4
Days on Site
Days on Site
17
Heating
Heating
Natural Gas
Year Built
Year Built
2021
Garages
Garages
2
Parking
Parking
Garage Door Opener, Yes, Garage Owned, Detached, Garage

***Offer Deadline Wednesday August 12th at 7pm CT***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. OpenHouses August 8th from 10am-1pm & August 9th from 12pm-3pm. For Information on Qualifying for 2nd Mortgages on Mortgage Assumptions, Contact Dan Fray of Barrett Financial. ***Offer Deadline Wednesday August 12th at 7pm CT***

Property Information

Property Details

Location

Address
6552 S Evans Avenue
County
Cook
City
Chicago
Zip Code
60637
Subdivision
CHI - Woodlawn
School District
299
MLS Area
CHI - Woodlawn

Interior Features

Beds and Baths

Bedrooms
5

Building

Building Information

Year Built
2021
Construction
Frame
Roof
Asphalt

Financial

Special Conditions
List Broker Must Accompany

Property Taxes

Tax Annual Amount
$7,135
Tax Year
2024
eXp Realty - Chicago North Ave, (888) 574-9405

Market Report for 60637

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 15 Aug 2026, 08:32 AM UTC. 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. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD8462