Chicago, IL 60637,6506 S Ellis Avenue
Chicago, IL 60637,6506 S Ellis Avenue
Chicago, IL 60637,6506 S Ellis Avenue
Chicago, IL 60637,6506 S Ellis Avenue
Chicago, IL 60637,6506 S Ellis Avenue
Chicago, IL 60637,6506 S Ellis Avenue
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Amber Holup

Amber Holup

+1(708) 870-6835
Listed by John Rollaof HomeSmart Realty Group
$ 1,175,000
Est. payment | /mo
Save
$ 1,175,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12554460

Year Built 1930

Annual Tax Amount $16,730

Tax Year 2024

Lot Dimensions 50 X 125

Property Sub-Type Multi Family 5+

Property 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.

Location

State IL

County Cook

Zoning MULTI

Interior

Cooling Central Air

Fireplace N

Exterior

View Y/N true

Building

Structure Type Brick

Midwest Real Estate Data (MRED) VOW
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
NEARBY SCHOOLS & PROPERTIES
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Lenart Elementary Regional Gifted Center

    Public | PK - 8

  • 10

    McDade Elementary Classical School

    Public | KG - 6

  • 8

    McDowell Elementary School

    Public | KG - 5

  • 7

    Dixon Elementary School

    Public | PK - 8

  • 6

    Robinson Elementary School

    Public | PK - 3

  • 6

    Murray Elementary Language Academy

    Public | KG - 8

  • 5

    Kershaw Elementary School

    Public | PK - 8

  • 5

    Hendricks Elementary Community Academy

    Public | PK - 8

  • 5

    Sherwood Elementary School

    Public | PK - 8

  • 5

    Beasley Elementary Magnet Academic Center

    Public | PK - 8

  • 5

    Pirie Fine Arts and Academic Center Elementary School

    Public | KG - 6

  • 5

    Ariel Elementary Community Academy

    Public | PK - 8

  • 5

    Ray Elementary School

    Public | PK - 8

  • 5

    Shoesmith Elementary School

    Public | KG - 6

  • 5

    Woodlawn Elementary Community School

    Public | PK - 6

  • 5

    Carnegie Elementary School

    Public | PK - 8

  • 5

    Harte Elementary School

    Public | PK - 8

  • 5

    Hoyne Elementary School

    Public | KG - 6

  • 4

    Coles Elementary Language Academy

    Public | KG - 8

  • 3

    A. Graham Elementary School

    Public | KG - 8

Middle Schools 1
  • 0

    Canter Middle School

    Public | 8 - 8

High Schools 20
  • 9

    King College Preparatory High School

    Public | 9 - 12

  • 8

    Kenwood Academy High School

    Public | 9 - 12

  • 8

    South Shore International College Prep High School

    Public | 12 - 12

  • 6

    Hyde Park Academy High School

    Public | 9 - 12

  • 5

    Simeon Career Academy High School

    Public | 9 - 12

  • 5

    Williams Medical Preparatory High School

    Public | 9 - 12

  • 4

    Urban Preparatory Charter Academy Englewood High School

    Public | 9 - 12

  • 3

    Bronzeville Scholastic High School

    Public | 9 - 12

  • 3

    Chicago Vocational Career Academy High School

    Public | 9 - 11

  • 2

    Team Englewood Community Academy High School

    Public | 9 - 12

  • 1

    Tilden Career Community Academy High School

    Public | 9 - 12

  • 1

    Hope College Preparatory High School

    Public | 9 - 12

  • 1

    Robeson High School

    Public | 9 - 12

  • 1

    Ace Technical Charter High School

    Public | 9 - 12

  • 1

    Hirsch Metropolitan High School

    Public | 9 - 12

  • 0

    Pnuema Institute

    Private | 9 - 12

  • 0

    Hunter-Bolden Academy

    Private | 12 - 12

  • 0

    Dyett High School

    Public | 12 - 12

  • 0

    Hales Franciscan High School

    Private | 9 - 12

  • 0

    Little Black Pearl Arts Academy High School

    Public | 9 - 12

School and business data provided by Attom Data.
Amber Holup

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(708) 870-6835

amber@thehnghomes.com

9755 W 143rd St., Park, IL

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6506 S Ellis Avenue