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6552 S Evans Avenue
Chicago IL 60637 US

$630,000

Active Under Contract Listing ID 12776774
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5 bed
bath icon
4.00 Bath (3 Full , 1 Half)
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Other

$630,000

Active Under Contract Listing ID 12776774
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6552 S Evans Avenue 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.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • 1/2 Bathrooms: 1
  • Roof Type: Asphalt
  • Heating Fuels: Natural Gas
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 630000
  • unparsedaddress: 6552 S Evans Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60637
  • bathroomsfull: 3
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 41.775181
  • longitude: -87.607412
  • listagentfullname: Ryan Widerberg
  • listagentemail: rwider2@gmail.com
  • listagentkey: 3yd-MREDIL-8462
  • listagentmlsid: 8462
  • listagentpreferredphone: (888) 574-9405
  • listagentofficephone: 8478497748
  • listofficekey: 3yd-MREDIL-609
  • listofficemlsid: 609
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 2021
  • listingcontractdate: 2026-10-05
  • listagenturl: https://exprealty.com/
  • countyorparish: Cook
  • parcelnumber: 20222220550000
  • elementaryschooldistrict: 299
  • middleorjuniorschooldistrict: 299
  • highschooldistrict: 299
  • constructionmaterials: Frame
  • heating: Natural Gas
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 2
  • parkingfeatures: Open, Garage
  • roof: Asphalt
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Basement, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bathroom 4
  • basement: Walk-Out Access, Finished, Full
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.607414, 41.77518
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Realty, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"rwider2@gmail.com", "ListBrokerageCity":"Chicago", "ListBrokerageCountry":"US", "ListBrokerageEmail":"il.broker@expreatly.net", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/a3021210a6cb11e290dc1231390c3dc2k-c421378670r.png", "ListBrokerageName":"eXp Realty, LLC", "ListBrokeragePhone":"(888) 574-9405", "ListBrokeragePostalCode":"60642", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":"#750", "ListBrokerageUnparsedAddress":"939 W North Ave", "ListBrokerageWebsiteUrl":"https://exprealty.com/", "ListOfficeAddress1":"939 W North Avenue #750 ", "ListOfficeAddress2":"#750", "ListOfficeBrokerMlsId":"609", "ListOfficeCity":"Chicago", "ListOfficeCountry":"US", "ListOfficeEmail":"il.broker@exprealty.net", "ListOfficePostalCode":"60642", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income, Chicago, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/6552-S-Evans-Ave_Chicago_IL_60637_M71129-16482?f=listhub&s=MREDIL&m=12776774&c=rexren", "MLSModificationTimestamp":"2026-10-05 22:10:03", "Neighborhoods":[{"Description":null, "Name":"CHI - Woodlawn"}], "PostalCode":null, "RoomCount":12, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":7135, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/5/2026 10:17:30 PM GMT
Source Updated Date: 10/6/2026 12:47:03 AM GMT

Courtesy of: Ryan Widerberg, eXp Realty - Chicago North Ave, rwider2@gmail.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.