Location Summary

• The Subject property is located in the Englewood neighborhood on the city's south side. Located approximately eight miles south of the Chicago CBD, Englewood is bordered by Garfield Boulevard to the north, 75th Street to the south, Western Avenue to the west, and State Street to the east. It is located on the southwest side of Chicago. Englewood has seen its share of both good fortune and hard luck over the years. Englewood Station was once a stop on the premier New York Central Railroad Line, and had one of the hottest shopping districts in the city. Unfortunately it suffered when many of the once-prominent industries, such as the railroad, left the community. Lately, though, there is a resurgence of interest in Englewood, as developers realize some of the hidden assets of the area, including convenient access to public transportation and expressways, loads of public parkland, and affordable housing. The majority of housing options in Englewood are single-family dwellings, although there are several vintage-style condominium buildings, townhomes, and half-duplexes in the neighborhood as well. Residents find Englewood’s location convenient for transportation as both the CTA rapid transit and the Dan Ryan Expressway run right through the area. There are pockets of new two-story houses slated for construction in Englewood. These brick exterior homes are similar in style and provide ample living space for families with four bedrooms and a price in the upper $200,000s. The rest of the neighborhood is a mixture of detached homes, many with garage parking and modest private yards. Although some streets are pockmarked with empty lots and abandoned buildings, there are also plenty of well-maintained large two-stories, raised ranches, split levels, simple frame houses, and classic Chicago bungalows throughout Englewood’s residential subdivisions.
• Atlas Realty is pleased to offer, for sale, 6558 S. Green Street/840 W. 66th Street. The Subject property is a corner, masonry, 6-unit multifamily apartment building, located in the Englewood neighborhood, on Chicago's south side. The unit mix is as follows: Three 3bed/1bath units Three 2bed/1bath units The building was acquired in 2018 and ownership immediately began a full renovation of vacant units and unit turnovers. All but one unit is currently occupied, with the vacant unit midway through its rehab. The rehab included refinishing the original hardwood floors, new bathroom and kitchens (stainless steel, granite, maple cabinetry, flooring), paint, furnaces, new windows, and exterior door. Each unit is furnished with individual gas forced air furnaces and is separately metered for gas and electric. There is currently no laundry in the building, but there exists the ability to install laundry facilities in the basement as a tenant amenity. There is also the ability to bring on-line a seventh, garden-style unit. The unit is not habitable is its current condition, but could be made rentable with an investment of +/-$20,000.