Home For Sale near Lake Michigan - Cook County

RARE WOODLAWN 3-FLAT Greystone with EXCEPTIONAL unit sizes & STABILIZED PREMIUM cash flow. Strategically located just steps from the Obama Presidential Center, slated for its grand opening in June 2026. This is a turn-key, high-performing asset in the heart of one of Chicago's most high-growth corridors. INVESTMENT HIGHLIGHTS: FULLY OCCUPIED: The building is now fully leased, featuring top-of-market rents and a proven track record of immediate income. INCREASED PERFORMANCE: Cash flow has been significantly optimized with the recent leasing of the top floor at a premium rate. THE STANDOUT: Massive first-floor duplex unit-significantly larger than typical Woodlawn conversions-commanding superior rent. RECENT CAPITAL IMPROVEMENTS: Meticulously maintained with extensive upgrades ensuring low-maintenance ownership: Unit 3: Fully updated with new floors, paint, trim, kitchen, and bathroom. Plumbing: Full overhaul including a Copper Water Supply Line upgrade (2024)-entirely eliminating lead piping. Laundry: Completely renovated basement laundry areamon Areas: Freshly painted foyer and common spaces. Mechanicals: All systems are operational and professionally maintained. LOCATION ADVANTAGES: Unbeatable proximity to major demand drivers: Walking distance to UChicago Main Campus, UChicago Law School, and UChicago Medical Center. Residents enjoy easy access to the Lakefront and the upcoming Obama Presidential Center, ensuring a never-ending pipeline of high-quality tenant prospects. CONDITION: This is NOT a rehab project. It is a stabilized, turn-key investment. Your client can close and begin collecting premium rental income on day one. Includes a detached garage.

Property Details

  • Beds: 10
  • Baths: 4.0
  • Year Built: 1900
  • Location: Lake Michigan - Cook County
  • Acres: 0.080
  • County: Cook County
  • Heat/AC: Natural Gas
  • Garage: Garage
  • Siding: Brick
  • Roof:
  • Property Taxes: $11,487
  • MLS #: 12582166

Location

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Contact Information:

Contact Agent
Listing Agent: Brittany Ramsey, Keller Williams Chicago ONEChicago, 312-216-2422, 312-216-2422 Listing Site, Listing Status: Active
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Ad Statistics:

Lake Home For Sale in Chicago, Illinois
Ad Number : 7391925
Viewed: 0 times
Added: Mar 12, 2026
Updated on: Mar 12, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.