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6402 S Vernon Avenue Chicago, IL 60637 Multi Unit - Multiple New

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Description

Experience elevated living and exceptional investment potential with this stunning new-construction three-unit property in the heart of Woodlawn. Thoughtfully designed to deliver both modern luxury and lasting value, this turnkey building presents an outstanding opportunity for investors and owner-occupants alike. The first and second-floor residences each offer spacious three-bedroom, two-bathroom layouts with open-concept living spaces, beautiful white oak hardwood floors, and an abundance of natural light. The garden-level unit features two bedrooms and one bathroom, providing excellent flexibility for additional rental income, multigenerational living, or an owner-occupied investment strategy. Every chef-inspired kitchen is designed to impress, featuring a dramatic 7-foot waterfall-edge island, a 36-inch undermount stainless steel sink, 42-inch shaker-style cabinetry, stainless steel appliances, and elegant Calacatta quartz countertops-creating the perfect space for everyday living and effortless entertaining. The spa-inspired bathrooms offer sleek, contemporary vanities and glass-enclosed showers, providing a relaxing retreat in every residence. Built with quality and efficiency in mind, the property is equipped with a robust 600-amp electrical service and a high-efficiency 50-gallon water heater to support today's modern lifestyle. Durable Hardie siding wraps the entire exterior, enhancing both curb appeal and long-term durability. A professionally installed drain tile system and sump pump provide added protection for the foundation and peace of mind year-round. Ideally situated just minutes from the University of Chicago, the Obama Presidential Center, Woodlawn Central-an exciting 8.5-acre mixed-use development near the 63rd Street Metra station-lakefront parks and trails, and major public transportation, this property is perfectly positioned in one of Chicago's most dynamic and rapidly growing neighborhoods. Eligible buyers may also benefit from valuable down payment assistance programs, including up to $20,000 through the University of Chicago Employer-Assisted Housing Program and up to **$20,000** through the Cook County Land Bank program. These programs are available on a first-come, first-served basis and are subject to funding availability. Whether you're looking to build long-term wealth through rental income or enjoy luxury living while offsetting your mortgage, this exceptional new-construction property offers the best of both worlds.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 8
Bathrooms: 5
County: Cook
Listed By:
Coldwell Banker Realty 773-451-1200
MRED MLS
$779,000
Est. $5,148/mo
8beds
5baths
New to the Market New
BEDS8 BATHS5 full MLS#12696280
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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6402 S Vernon Avenue , Chicago, IL 60637.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $779,000$779,000$779,000
Down Payment $155,800$27,265$194,750
Monthly Mortgage Amount $3,837$4,710$4,813
Taxes $1084$1084$1084
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$343$0
Monthly Estimated Total $5,148$6,364$6,124

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