Chicago, IL 60619,7956 S Rhodes AVE

$374,750

Est. payment /mo

$400,000

6.3%
Est.Price: ?

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7956 S Rhodes AVE Chicago, IL 60619

SOLD DATE : 09/18/2025

Key Details

Sold Price $374,750

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12321646

Sold Date 09/18/25

Maintenance Fees $540

Year Built 1926

Annual Tax Amount $5,042

Tax Year 2023

Lot Dimensions 5722

Property Sub-Type Multi Family 5+

Property Description

Rare Investment Opportunity in Chatham - 9-Unit Multifamily Building Discover a unique investment in one of the most desirable neighborhoods of Chatham with this 3-story multifamily building featuring a mix of occupied units. This property includes five 1-bedroom and four 2-bedroom units, combining comfort with potential high returns. Property Highlights: Total Units: 9 Unit Mix: 5 one-bedroom units, 4 two-bedroom units Occupancy: almost fully occupied with a combination of lease and month-to-month arrangements. Building Condition: Requires renovations; an excellent opportunity to add value. Investment Potential: Situated in the highly sought-after Chatham area, known for its strong rental demand. Potential to increase rental income through property enhancements and lease adjustments. Located in a vibrant community with easy access to local amenities, parks, and public transportation. Close proximity to shopping, dining, and entertainment options. This property is ideal for: Investors looking to expand their portfolio with a property that offers both immediate cash flow and significant upside potential through renovations. Take advantage of this opportunity to own a multifamily building in Chatham with solid bones and great potential. Whether you're looking to refurbish and revitalize or hold as a steady income source, this property promises to be a worthwhile addition to any real estate investment portfolio. Property is sold AS-IS

Location

State IL

County Cook

Area Chi - Chatham

Interior

Cooling None

Fireplace N

Building

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Toya Woullard of  EXIT Strategy Realty 
Bought with Alphonsus Ezimako of Charles Rutenberg Realty
Yuriy Figel

Yuriy Figel

Real Estate Broker

+1(224) 505-8080

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