Why pay a full mortgage when tenants can cover it? Turnkey East Woodlawn 2-flat with massive income potential. Unit 1: 4BD/2BA duplex with 2 living areas, stainless steel appliances, and in-unit laundry/storage. King-sized beds fit easily, making it ideal for short-term rentals, house hacking, or related living. Unit 2: Bright 3BD/1BA with L-shaped kitchen, in-unit W/D, and a primary bedroom that fits a king. Bonus: The lower level offers flexibility as a plug-and-play short-term rental crash pad or can be converted into a future standalone unit with already existing private entrances. The building has separate utilities, a rear deck for each unit, a yard, and a gorgeous all-masonry 2-car brick garage. Location is a dream. You are minutes from the University of Chicago, Lake Michigan beaches & trails, and within walking distance of public transit – including the Green Line to downtown and all the dining and shopping districts we love in Hyde Park. Driven by $500M+ at the Obama Presidential Center and UofC expansion, Woodlawn home values have outpaced city averages by 12%. 4-bed short-term rentals average $325+/night nearby. Live in one, rent the rest, or collect multiple checks from day one.
Property Details
Price:
$499,900
MLS #:
MRD12731749
Status:
Active Under Contract
Beds:
7
Baths:
3
Type:
Multi Family
Neighborhood:
chiwoodlawn
Listed Date:
Aug 12, 2026
Year Built:
1909
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Community Features
Park, Curbs, Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Garage Spaces
2
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
2
Parking Total
2
Financial
Tax Year
2024
Taxes
$7,436
Map
Community
- Address6520 S Ellis Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60637
Market Summary
Current real estate data for Multi Family in Chicago as of Oct 07, 2026
1,358
Multi Family Listed
77
Avg DOM
$530,656
Avg List Price
Property Summary
- 6520 S Ellis Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60637. It is listed for $499,900
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Copyright 2026. All rights reserved.
6520 S Ellis Avenue
Chicago, IL


