Under contract
Contingent
6121 S Rhodes Avenue
Chicago IL, 60637
$659,000
Under contract
Contingent
8 Beds
5 Baths
Multi-family
Built in 1908
Courtesy of Coldwell Banker Realty
Discover this exceptional 4-unit property located in the up-and-coming Woodlawn neighborhood. This building boasts two fully rehabbed units and two spacious units in need of rehab, providing a fantastic opportunity for investors or homebuyers looking to personalize their space and make additional income. Each unit features ample living space, with the potential to convert three of the units into 3-bedroom apartments, maximizing rental income. The units offer generously sized bedrooms, a sunroom off the living room, and a back deck off the kitchen, perfect for entertaining guests. Additionally, the property includes a 2.5 car garage, enhancing its appeal to a homebuyer looking for a primary residence. Whether you're an investor seeking a high-potential rental property or a homeowner aiming to live in one unit and rent out the others, this building caters to diverse needs. There's even the potential to generate additional income through Airbnb, with potential earnings ranging from $2,000 to $3,000 per month. After completing the rehab of the remaining two units, the after-repair value (ARV) of this property is estimated to be $820,000. Situated just steps from the University of Chicago Law School, Jewel-Osco, the upcoming Obama Presidential Center, and the vibrant lakefront, this property is ideally positioned to enjoy the best of community, connectivity, and convenience. Don't miss out on this prime opportunity to invest in a rapidly developing area. Contact us today to schedule a viewing and explore the endless possibilities this property offers. (SHOWINGS BEGIN 8/11/2024)
12129768
MLSⓇ ID
August 11, 2024
Listed
September 17, 2024
Updated
Map
6121 S Rhodes Avenue
Chicago IL, 60637
Interior Features
Bedrooms
8
Total Bathrooms
5
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas, Forced Air
Exterior/Building Features
Exterior Features
Deck, Storms/Screens
Lot Features
Common Grounds
Architectual Style
American 4-Sq.
Roof
Asphalt
Sewer
Public Sewer
School Information
School District
299
Other Property Details
Area Name
CHI - Woodlawn
Taxes
$3,388
Tax Frequency
Annually
Days on Market
18
Garage
Yes
Garage Spaces
3
Parking Total
3
View
No
County
Cook
Municipality
Hyde Park
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
8/27/2024 | Under contract | — |
Courtesy of Coldwell Banker Realty, Sybil Martin,
Listing Contact: 773-451-1200
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Data last updated 6:20 AM UTC, 9/17/2024