6409 S Rhodes Avenue new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60637
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12380939
Bedrooms 9
Year Built 1892
Annual Tax Amount $5,505
Tax Year 2023
Lot Dimensions 3050
Property Sub-Type Two to Four Units
Property Description
Turnkey 3-Unit Greystone Gem in Historic Woodlawn! Welcome to 6409 S Rhodes - a rare and timeless 1892 Greystone located in the heart of the vibrant and evolving Woodlawn community. This rock-solid 3-unit building is just one block from the Emmett Till childhood home and within close proximity to the future Obama Presidential Library, offering tremendous upside potential in a neighborhood steeped in cultural history and poised for long-term growth. Situated on a quiet and well-kept block where there is new development on the block and surrounding area. The structure boasts a solid infrastructure. All three units feature spacious layouts with 3 bedrooms and 1.5 bathrooms, providing ideal configurations for tenants or multigenerational living. The owner's unit is a duplex down, offering additional living space, flexibility, and comfort. An income generator, this property comes with tenants already in place. Here's where it gets even better: This sale includes the rare opportunity to assume the existing mortgage under the assumption clause - with a below-market interest rate. This could translate into 5-6 figures in interest savings over the life of the loan compared to current rates. Take advantage of today's appreciating market while locking in yesterday's financing. Whether you're a seasoned investor or owner-occupant looking for passive income. This property is ready for the next savvy investor. Don't miss your chance to own a piece of Chicago history with long-term potential in one of the city's most promising corridors. Schedule your private showing today - opportunities like this are rare in the Woodlawn area! AS IS sale.
Location
State IL
County Cook
Rooms
Basement Finished,Full
Interior
Heating Natural Gas,Forced Air
Fireplace N
Exterior
View Y/N true
Roof Type Flat
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Limestone
New Construction false
Schools
School District 299,299,299
Others
Ownership Fee Simple
Special Listing Condition None