6506 S Ellis Ave, Chicago, IL

Name: 6506 S Ellis Ave, For Sale in Chicago - Zoocasa
Brand: HomeSmart Realty Group
SKU: 12554460
Price: 1175000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,175,000

000

MLS® 12554460

Key Facts
Description
Map

Key Facts

Type Other

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $16,730

Days Active 0

Approx. Age 1930

MLS® Number 12554460

Property Address: 6506 S Ellis Ave, Chicago, IL, 60637-4200

Average square foot calculated using Size range provided by listing agent.

Description

6506-6508 S. Ellis Avenue is a rarely available six unit multifamily building located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library. Building underwent major renovation in approximately 2012 (Newer framing, newer copper plumbing, newer electrical in all units, individual furnaces and hot water heaters in each unit). Hardwood floors in 5 of the 6 units. There are four (4) 2 bedroom, 1 bath units (located on the second and third floors), and two (2) 4 bedroom, 3 bath units on the first floor that are condo units that UTILIZE THE FIRST FLOOR AND THE LOWER LEVEL! FLOOR PLANS AVAILABLE FROM LISTING AGENT! Each unit has in-unit laundry, a dishwasher, and one (1) parking space per unit in the rear of the building. Units also have their own furnaces and TENANTS responsible for their own heat and electric. Water is not individually metered. Gated access to the building. Fenced-in yard space in the rear. Tenants also have access to a newer balcony in the rear of each unit. Common areas also remodeled. Because this neighborhood is being sought-after, two single family homes directly across the street (6501 & 6503 S. Ellis Avenue) from this building have sold for $739, 000!!! And more to come with New Construction being built all around! Much more value to add to this building by stabilizing rents to current market value! Taxes have been reduced drastically thru an appeal process as the building previously had six different PINs. Owner has dissolved the HOA in late 2024 and the assessor will issue a single PIN in 2026. Other six unit buildings that have sold recently with a single PIN have their taxes around 13-14k for the last full tax year. Higher Rents and Less taxes will equal higher income!!! Email listing agent for any questions.

MLS® Number12554460

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1930

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Jan 26, 2026List Date

$1,175,000List Price

Commute

Commute

Starting Address

Destination Address

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