Last Sold Price
9 beds4,050 sqft$106/sqft
6217 S Rhodes Ave, Chicago, IL 60637

Description

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...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!
LISTING CLOSED: 10/01/2020 12:00 AM

Listing Agents

  1. Phillip Dixon

    Phillip Dixon

    Listing Agent

    @properties

    P: (312)-879-9293

  2. Kasey Taylor

    Kasey Taylor

    Alternative Listing Agent

    @properties

    P: (708)-543-4656

Sold By Compass

Property Details for 6217 South Rhodes Avenue

Status
MLS #
10778275
Days on Market
8
Taxes
$3,717 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Two to Four Units / 3 Flat
Year Built
1910
Lot Size
0.09 AC / 3,720 SF
Area
CHI - Woodlawn
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Radiator(s)
Architectural Style
Brownstone
Zoning
MULTI

Location

Add your commute

Building Information for 6217 South Rhodes Avenue

Stories-Residences3Year Built1910Building Size-Lot Size0.09 AC / 3,720 SF

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Principal and Interest

$2,186

Property Taxes

$310

HOA Dues

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Property Information for 6217 South Rhodes Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Off Alley, Off Street
  • Parking On Site: true
  • Parking Ownership: Owned
  • Open Parking Spaces: 2.0
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms Total: 9
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 9
  • Basement Description: Finished, Exterior Access
  • Basement Bathrooms: No
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
  • Other Equipment: Multiple Water Heaters
Property/Lot Information
  • Exterior Property Features: Balcony, Porch
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2017
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Fenced Yard
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 3720 SQ. FT.
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Flat
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 6217
  • East Coordinate: 500
  • West Coordinate: 0
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, FHA
  • Public Document Count: 3
  • Document Date: 2020-07-25T18:17:33
  • Photos Count: 26
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Additional Media Type 1: Video
Multi Family
Income & Expenses
  • Electric Expense: $1,500.00
  • Gross Income: $45,900.00
  • Electric Expense Source: Owner Projection
  • Other Addl Income: Parking Space/s
  • Trash Expense Source: Owner Projection
  • Water Expense Source: Owner Projection
  • Trash Expense: $900.00
  • Water Sewer Expense: $2,400.00
Unit 1
  • Unit Type Actual Rent: $1,325.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 02/21
Unit 2
  • Unit Type Actual Rent: $1,375.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 01/21
Unit 3
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 08/20

Property History for 6217 South Rhodes Avenue

DateEvent & SourcePriceAppreciation
Oct 1, 2020

Sold

MRED #10778275

$430,000
Aug 28, 2020

Sold (Public Record)

Public Record #682196625

$430,000

+72.5% / yr

Aug 1, 2020

Pending

MRED #10778275

DateEvent & SourcePrice
10/01/2020

Sold

MRED #10778275

$430,000
08/28/2020

Sold (Public Record)

Public Record #682196625

$430,000

+72.5% / yr

08/01/2020

Pending

MRED #10778275

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 6217 South Rhodes Avenue

Taxable ValueLand$4,650Additions$23,350Total$28,000
Tax Record2023$5,082 ($423 / month)
Home Facts
Baths3Total Finished SqFt2,808 SqFtAbove Grade Finished SqFt2,808 SqFtStories2Lot Size3,720 SqFtStyleMulti-Family Res (5+ Units)Year Built1908CountyCOOKAPN20-15-419-005

Schools near 6217 South Rhodes Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 9 to 12
Rating
School
Distance
Fiske Elementary School
PublicPK to 8

Hyde Park Academy High School
Public9 to 12

CICS Washington Park
CharterK to 8

YCCS-Progressive Leadership Acad
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 09:42 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.