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    6107 S Rhodes Avenue

    Chicago, IL 60637
    • $369,900
    • STATUS: Active Under Contract
    • ON SITE: 51 days
    • MLS #: 10852194
    Under Contract
    UPDATED: 175 min ago
    $369,900
    • 12
      BEDS
    • 0.09
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1909
    County:

    School Ratings & Info

    Description

    Don't miss the chance to add a rarely available oversized Woodlawn 3-Flat (plus Garden Unit) to your investment portfolio. The top three floors each boast 1500 SF units with 3-bedrooms & 1-bathroom, separate dining rooms, hardwood floors, and separate furnaces (forced air). Garden Unit features additional 1200 SF, 3-bedrooms & 1-bathroom, interior stair case to 1st floor, and walk-out rear door. Building has great foundation and structure. Owner conducted renovations in 2002 (all new roof, rear porch, garage, mechanicals, kitchens, bathrooms) and 2012 (front balcony repairs, lintels, tuck pointing). 1st Floor requires a full gut rehab and Garden Unit requires some repairs. Building will not pass regular FHA financing. FHA 203k required. Units #1 and #3 have MTM tenants paying $900/month. Unit #2 and Garden Unit are vacant. Post-renovation potential rent is up to $5700 per month with subsidized tenants. Property is located 1-block away from Washington Park, 4-blocks away from Jewel-Osco, and half-mile from the Green Line. Woodlawn continues to see increasing private investment, and the City of Chicago has numerous public projects planned for the next 5 years. The site of the future Barack Obama Presidential Center is located 1.5 miles away. Significant market demand for small multifamily properties in the area means this listing won't last long.

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    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-30T23:51:00.3 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    6107 S Rhodes Avenue Chicago, IL 60637

    • Price: $369,900
    • Status: Active Under Contract
    • Updated: 175 min ago
    • MLS #: 10852194
    12
    Beds
    4
    Baths
    0
    ½ Baths
    0.09
    Acres
    1909
    Built
    Neighborhood:
    Chi - Woodlawn
    County:
    Cook
    Area:
    Chi - Woodlawn
    Property Description
    Don't miss the chance to add a rarely available oversized Woodlawn 3-Flat (plus Garden Unit) to your investment portfolio. The top three floors each boast 1500 SF units with 3-bedrooms & 1-bathroom, separate dining rooms, hardwood floors, and separate furnaces (forced air). Garden Unit features additional 1200 SF, 3-bedrooms & 1-bathroom, interior stair case to 1st floor, and walk-out rear door. Building has great foundation and structure. Owner conducted renovations in 2002 (all new roof, rear porch, garage, mechanicals, kitchens, bathrooms) and 2012 (front balcony repairs, lintels, tuck pointing). 1st Floor requires a full gut rehab and Garden Unit requires some repairs. Building will not pass regular FHA financing. FHA 203k required. Units #1 and #3 have MTM tenants paying $900/month. Unit #2 and Garden Unit are vacant. Post-renovation potential rent is up to $5700 per month with subsidized tenants. Property is located 1-block away from Washington Park, 4-blocks away from Jewel-Osco, and half-mile from the Green Line. Woodlawn continues to see increasing private investment, and the City of Chicago has numerous public projects planned for the next 5 years. The site of the future Barack Obama Presidential Center is located 1.5 miles away. Significant market demand for small multifamily properties in the area means this listing won't last long.
    Exterior Features

    Cars 2 Exterior Building Type Brick Exterior Property Features BalconyPorchStorms/Screens Floor Unit1 G Floor Unit2 1 Floor Unit3 2 Floor Unit4 3 Foundation Concrete Garage Details Garage Door Opener(S)7 Foot Or More High Garage Door Garage On Site Yes Garage Ownership Owned Garage Spaces 2 Garage Type Detached Lot Dimensions 3720 Lot Size Less Than .25 Acre Parking Garage Roof Type RubberFlat Roof Type Multi 3 Flat Waterfront YN No

    Interior Features

    Appliances Features Unit1 StoveRefrigeratorDishwasher Appliances Features Unit2 StoveRefrigerator Appliances Features Unit3 StoveRefrigerator Appliances Features Unit4 StoveRefrigerator Basement Full Basement Bathrooms YN No Basement Description Finished Bedrooms Above Grade 12 Bedrooms Below Grade 0 Bedrooms Unit1 3 Bedrooms Unit2 3 Bedrooms Unit3 3 Bedrooms Unit4 3 Full Baths In Building 4 Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Full Baths Unit4 1 Half Baths In Building 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Fuel Gas Rooms 25 Rooms Unit1 5 Rooms Unit2 6 Rooms Unit3 7 Rooms Unit4 7

    Property Features

    3 Br Un In Bldg YN Yes Additional Sales Information List Broker Must Accompany Age 100+ Years Agent Owned Interest YN No Built Before1978 YN Yes Contingency Flag Attorney/Inspection Corporate Limits Chicago Elementary Sch Dist 299 General Information Commuter BusCommuter TrainInterstate Access High Sch Dist 299 Holds Earnest Money No Jr High Middle Dist 299 Lease Exp Date Mo Yr Unit1 N/A Lease Exp Date Mo Yr Unit2 Mtm Lease Exp Date Mo Yr Unit3 N/A Lease Exp Date Mo Yr Unit4 Mtm New Construction No Ownership Fee Simple Possession Closing Recent Rehab YN No Rent Unit1 0 Rent Unit2 900 Rent Unit3 0 Rent Unit4 900 Sale Terms ConventionalFhaCash Only Sec Deposit Unit1 0 Sec Deposit Unit2 0 Sec Deposit Unit3 0 Sec Deposit Unit4 0 Sewer Sewer-Public Special Assessments No Special Service Area N Tax Exemptions HomeownerSeniorSenior Freeze Tax Year 2019 Taxes 2187.16 Tenant Pays Unit1 None Tenant Pays Unit2 ElectricGas Tenant Pays Unit3 ElectricGas Tenant Pays Unit4 ElectricGas Total Units In Building 4 Township Hyde Park Water Public

    Listing information © 2020 Midwest Real Estate Data LLC.
    Listing provided courtesy of Albert Realty Advisors, Llc.


    © 2020 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2020-10-30T23:51:00.3 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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