Home Details for 6122 S Ingleside Avenue

Prime Woodlawn Investment: Oversized Multi-Unit with Exceptional Upside Potential Marketing description 6122 S Ingleside Ave, Chicago, IL 60637 List Price: $1,050,000 Building Size: 9,648 Sq Ft Configuration: 18 Bedrooms | 8+ Bathrooms | 4 Floors | Unfinished Basement Current Status: Framed for 6 Units; Partially Renovated I. Executive Summary 6122 S Ingleside Avenue presents a rare, large-scale redevelopment opportunity in Chicago's rapidly transforming Woodlawn neighborhood. Located steps from the University of Chicago and within the growth corridor surrounding the future Obama Presidential Center, this expansive 9,648 sq ft building offers significant value-add potential for real estate investors, developers, and general contractors seeking a high-ROI renovation project. The property is currently framed for six (6) spacious residential units and partially renovated, allowing investors to accelerate the project timeline while retaining full creative control over final design and finishes. With strong rental demand, multiple viable exit strategies, and major neighborhood development underway, this asset stands out as a prime investment opportunity. II. Property Highlights 3-story brick building in a high-demand, high-growth area 18 total bedrooms and 8+ bathrooms across existing configuration Partially renovated, reducing upfront work required Unfinished basement with potential for storage, amenities, or additional unit build-out Framed out for six large multi-bedroom units Almost 10,000 sq ft of interior space-ideal for luxury rentals, student housing, or co-living Strong bones and structure suitable for various redevelopment strategies Proximity to: University of Chicago Obama Presidential Center Washington Park & Jackson Park Public transportation, retail corridors, and community investments III. Location Overview Woodlawn is one of Chicago's most rapidly developing neighborhoods, bolstered by: Significant public and private investment Influx of students, professionals, and long-term tenants Proximity to Hyde Park's employment and amenities Major infrastructure and cultural projects This makes 6122 S Ingleside a strategically located asset with long-term appreciation potential. IV. Investment Opportunities & Strategies 1. Six-Unit Luxury Rental Building Large layouts ideal for 3-4 bedroom units Premium rents supported by nearby university housing demand 2. Student Housing Redevelopment Ideal location for graduate students, medical residents, and faculty Potential for furnished housing with year-round demand 3. Co-Living Model Maximize cash flow with per-room rental income Property size perfectly aligns with co-living design 4. Condo Conversion High buyer interest in renovated large-unit condos in Woodlawn Potential for strong resale values post-renovation V. Property Condition Overview Structural: Solid brick construction suitable for multi-unit completion Interior: Framing completed for six units; needs mechanicals, finishes, and final build-out Basement: Unfinished; opportunity for laundry, storage, or amenity space Systems: To be completed by investor/contractor (mechanicals not installed) VI. Financial Snapshot Note: Estimates can be customized based on renovation budget and exit strategy. Potential Revenue Models Include: High-income 6-unit rental building 6-unit condo sale Co-living with 18+ rentable bedrooms Premium student housing Projected ARV, rent roll, and cap rate scenarios can be prepared upon request. VII. Ideal Buyer Profile This property is best suited for: Real estate investors seeking a value-add project General contractors looking for a large-scale redevelopment opportunity Developers specializing in multi-unit or student housing Investors looking to enter a high-growth neighborhood with strong long-term upside VIII. Summary