Chicago, IL 60619 7956 S Rhodes Avenue

Presented By: EXIT Strategy Realty
  • MLS# 12321646
  • 03/31/2025
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  • Beds • 9

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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
Presented By: EXIT Strategy Realty

Interior Features for 7956 S Rhodes Avenue

Other Interior Features

Total Fireplaces

General for 7956 S Rhodes Avenue

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingNone
CountyCook
DirectionsFrom I-90 E/I94E to 79th Street. East onto 79th Street to South Rhodes Ave. South onto Rhodes Ave to Address
Electric Expense632
Fuel Expense11900
Gross Income71700
Insurance Expense6801
MLS AreaCHI - Chatham
MaintenanceExpense540
Net Operating Income43263
Number Of Units Total9
Operating Expense23394
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount5042
Tax Year2023
Tenant PaysElectricity
TownshipHyde Park
Trash Expense3614
Water Sewer Expense3105
Year Built1926

Exterior for 7956 S Rhodes Avenue

Foundation DetailsConcrete Perimeter
Lot Dimensions5722

Additional Details

Price History

Client Care

Price $400,000
MLS#12321646
List Date 03/31/2025
Property Type Multi-Family
Phone 847.485.2500
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