$400,000
9 Bed, 3 Bath, Approx - Sq Ft
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You've found your perfect investment property at 6217 S. Rhodes. Located on the historical Lorraine Hansberry side of the sought-after Woodlawn neighborhood. Woodlawn is a great neighborhood to invest in, with the city continuing in backing local infrastructure improvements, properties are appreciating at record rates. This cash flowing building has already had $200,000 in renovation work done for you back in 2016. Low maintenance cash cow bringing in nearly $46,000 annually. Updated with permitted 200 amp electrical service to the building. Spacious 3 bedroom 1 Bath units with hardwood floors throughout and in-unit laundry in each unit. Private parking in the back of the building for two cars or easy street parking. Massive back decks on each above grade apartment. The building was tuckpointed, back exterior porch was rebuilt to the new ordinance, windows were installed, and plumbing was updated in 2016. Close proximity to the brand new 63rd street CTA station and University of Chicago. Beautiful Jewel-Osco only 7 minutes away, many improvements to Woodlawn's infrastructure are happening now along with pending construction of the Obama Presidential Center. Zoning is RM-5, which allows for up to 6 apartments on this parcel of land with proper filing with the city. Building is fully occupied, please do not disturb the current tenants. Call now & Make an offer!
Status: CLSD
Partner Agent
Tom Brown
Phone: 312-502-8213
Email: tb@sparrowrealty.us
Assigned Schools:
| School | Low Grade | High Grade | SchoolSparrow Score | Fiske Elem School | PK | 8 | 1 | Hyde Park Academy High School | 9 | 12 | 1 |
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