$ 625,000
7558 S Rhodes AVE Chicago, IL 60619
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$ 625,000
Est. payment | /mo
$ 625,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12138679
Maintenance Fees $8,814
Year Built 1925
Annual Tax Amount $8,040
Tax Year 2023
Lot Dimensions 50X124
Property Description
Don't miss this exceptional investment opportunity in the historically significant Greater Chatham community! This all-brick, 8-unit property is located in the Park Manor/Grand Crossing area, just 2 minutes from the Metra and close to parks and bike trails. With approximately 260 historic Chicago-style brick bungalows nearby, the neighborhood boasts unique charm and community spirit. Exciting developments are on the horizon, including the **$20 million Xchange Chicago** tech training center opening in 2024, projected to create 100 jobs and provide a $70 million economic impact. The **Greater Chatham Initiative** is actively improving the area, ensuring robust growth. Recent updates include beautifully renovated hallways and back porches, enhancing the property's appeal. With a cash-on-cash return of **6.7%**, a new rubber roof installed in 2019, and long-term tenants in place, this property is priced to sell and offers significant upside potential. Act quickly-this opportunity won't last long! Contact 8478816176 for access to the property, must provide financing info for showing .
Location
State IL
County Cook
Area Chi - Greater Grand Crossing
Interior
Fireplace N
Building
Dwelling Type Multi Family 5+
Level or Stories 2
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Christina Garrett • Berkshire Hathaway HomeServices Chicago
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