$374,750
$400,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
7956 S Rhodes AVE Chicago, IL 60619
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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© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Alphonsus Ezimako of Charles Rutenberg Realty
NEARBY SCHOOLS & BUSINESSES
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McDade Elementary Classical School
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Kipling Elementary School
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Sherwood Elementary School
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Pirie Fine Arts and Academic Center Elementary School
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Burnside Elementary Scholastic Academy
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Ray Elementary School
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Woodlawn Elementary Community School
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Carnegie Elementary School
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Harte Elementary School
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Hoyne Elementary School
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W. Green Elementary School
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M. Garvey Elementary School
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Fernwood Elementary School
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Evers Elementary School
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Banner Therapeutic Day School
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South Shore International College Prep High School
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Harlan Community Academy High School
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Hyde Park Academy High School
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Julian High School
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Simeon Career Academy High School
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Urban Preparatory Charter Academy Englewood High School
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Corliss High School
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Chicago Vocational Career Academy High School
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Team Englewood Community Academy High School
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Robeson High School
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Magic Johnson - Roseland High School
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Winnie Mandela High School
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