6933 S Washtenaw

6933 S Washtenaw Ave | Chicago, IL 60629
Three-Unit Multifamily | Fully Rehabilitated | Turnkey Cash Flow
(Chicago Lawn / Lithuanian Plaza / Marquette Park)

Building Overview

The property encompasses a Gross Building Area (GBA) of 4,503 SF and a Net Rentable Area (NRA) of 4,351 SF, offering a highly efficient layout with minimal common space. This strong ratio of rentable-to-gross square footage underscores the asset’s functionality and maximization of income-producing space, an important factor for investors focused on long-term cash flow stability.

Investment Highlights

• Turnkey 3-unit brick multifamily, fully rehabbed with comprehensive 2023 capital upgrades (envelope, MEPs, and site).
• Institutional-style systems: forced-air HVAC (hot/cold) in all units.
• Clean metering: 3 separate gas meters; 4 electric meters (including house).
• Parking: 3 surface spaces (currently vacant, not leased).
• Laundry: communal coin-operated washer/dryer (owner-owned).
• Zoning: RS-3 (buyer to verify).
• Location: across from McKay Elementary (CPS); one block to Marquette Park Golf Course & Driving Range.

Capital Expenses (2023 Unless Noted)

• HVAC: All furnaces and compressors replaced (2023).
• Water/Hot Water: All tanks replaced (2023).
• Boilers: All replaced (2023).
• Plumbing: Full replacement with copper water lines, cast-iron main, and 2″ PVC range line (2023).
• Electrical: Full replacement (2023).
• Roof: New roof installation (2023).
• Windows: First- and second-floor windows replaced (2023).
• Façade: Front façade refreshed; side façades recently performed (2023).
• Site & Landscaping: New hardscape and turf grass installation (2023).

Unit Program & Interiors

• Unit 1 (First Floor): 2 bedrooms with closets, separate living & dining, rehabbed kitchen with stainless appliances & ~7-ft island, HVAC forced hot/cold.
• Unit 2 (Second Floor): 2 bedrooms with closets, separate living & dining, rehabbed kitchen with stainless appliances & ~7-ft island, HVAC forced hot/cold, large balcony.

• Lower Level: Dedicated HVAC, compressor, and water tank/meters (2023). Currently unfinished, it presents an opportunity for a future finished unit with forced hot/cold air; projected rent of ~$1,350/month, for the 1,018 SF unit.

Utilities, Meters & Site

• Gas: 3 meters (1 per unit).
• Electric: 4 meters (3 units + house).
• Water/Hot Water: All tanks replaced 2023; lower level with dedicated tank.
• Parking: 3 outdoor spaces (not leased). Can add to annual income $75/vehicle
• Laundry: Coin-op washer/dryer, owner-owned.

Location & Connectivity

• Community: Chicago Lawn / Marquette Park submarket on Chicago’s Southwest Side.
• Transit: Multiple CTA bus routes (#67, #63, #49, #94) with Orange Line rail connections (Western, Kedzie, Midway stations). ~20–25 minutes Midway-to-Loop.
• Air: Chicago Midway International Airport nearby