6217 South Rhodes Avenue

Closed 10/1/20

Sold

Last Sold Price

$430,000

9 beds3 baths4,050 sqft

6217 S Rhodes Ave, Chicago, IL 60637

Multi FamilyProperty Type

0.09 acresLot Size

1910Year Built

$106/sq ftPrice per sq ft

2 carsParking Spaces

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 Agents

Phillip Dixon
Listing Agent
@properties
phillip.dixon@compass.com
P: (312) 879-9293
M: (815) 546-2162
Call Text Email
Kasey Taylor
Alternative Listing Agent
@properties
kaseytaylor@compass.com
P: (708) 543-4656
Call Text Email

Sold By Compass

Listing closed: 10/01/2020 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10778275

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$2,605 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,296

Property Taxes

$310

HOA Dues

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Property Information for 6217 South Rhodes Avenue

Property Details

Taxes: $3,717 / year
MLS Type: Two to Four Units / 3 Flat
County: Cook County
Area: CHI - Woodlawn
Township: Hyde Park
Ownership: Fee Simple
Parking Included in Price: Yes
Heat/Fuel: Natural Gas, Radiator(s)
Architectural Style: Brownstone
Zoning: MULTI

Building Information

Residences: 3
Year Built: 1910
Lot Size: 0.09 AC / 3,720 SF

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

Additional Media URL 1: https://tour.vht.com/434083221/6217-s-rhodes-ave-chicago-il-60637/video/idx
Virtual Tour YN: No
Virtual Tour Date: 07-25-2020

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

Date	Event & Source	Price	Appreciation
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		—
Jul 25, 2020	Listed (Active) MRED #10778275	$400,000	—
Sep 7, 2017	Sold (Public Record) Public Record #605051614	$85,000	—
Sep 7, 2017	Sold MRED #09291257	$85,000	—
May 31, 2017	Pending MRED #09291257		—
May 2, 2017	Listed (Active) MRED #09291257	$95,900	—

Date	Event & Source	Price
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	—
07/25/2020	Listed (Active) MRED #10778275	$400,000
09/07/2017	Sold (Public Record) Public Record #605051614	$85,000
09/07/2017	Sold MRED #09291257	$85,000
05/31/2017	Pending MRED #09291257	—
05/02/2017	Listed (Active) MRED #09291257	$95,900

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

Public records

6217 South Rhodes Avenue

Baths

Total Finished SqFt

2,808 SqFt

Above Grade Finished SqFt

2,808 SqFt

Stories

Lot Size

3,720 SqFt

Style

Multi-Family Res (5+ Units)

Schools near 6217 South Rhodes Avenue

This home is within Chicago Public Schools.


Rating	School	Type	Grades	Distance
2/10	Fiske Elementary School	Public - Serves this home	PK to 8	0.3 mi
2/10	Hyde Park Academy High School	Public - Serves this home	9 to 12	1.3 mi
7/10	CICS Washington Park	Charter - Choice school	K to 8	0.5 mi
1/10	YCCS-Progressive Leadership Acad	Charter - Choice school	9 to 12	0.6 mi
2/10	UChicago Charter - Woodlawn Campus	Charter - Choice school	6 to 12	0.7 mi
NR	Univ of Chicago Charter Schools	Charter - Nearby school	K to 12	1.0 mi
NR	Hyde Park Day School Chicago Campus	Private - Nearby school	1 to 8	0.5 mi
NR	Drexel Learning Center	Private - Nearby school	K to 6	0.7 mi
NR	Drexel Church of God Learning Center	Private - Nearby school	K to 8	0.8 mi


Rating	School	Distance
2/10	Fiske Elementary School PublicPK to 8 Serves this home	0.3 mi
2/10	Hyde Park Academy High School Public9 to 12 Serves this home	1.3 mi
7/10	CICS Washington Park CharterK to 8 Choice school	0.5 mi
1/10	YCCS-Progressive Leadership Acad Charter9 to 12 Choice school	0.6 mi
2/10	UChicago Charter - Woodlawn Campus Charter6 to 12 Choice school	0.7 mi
NR	Univ of Chicago Charter Schools CharterK to 12 Nearby school	1.0 mi
NR	Hyde Park Day School Chicago Campus Private1 to 8 Nearby school	0.5 mi
NR	Drexel Learning Center PrivateK to 6 Nearby school	0.7 mi
NR	Drexel Church of God Learning Center PrivateK to 8 Nearby school	0.8 mi

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.

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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.