Last Sold Price
20 beds
7920 S Rhodes Ave, Chicago, IL 60619

Description

Turnkey fully renovated 8 unit in Chatham strong rents and high NOI. Fully gut renovated in 2017 / 2018 | Complete tuck pointing | New Roof | New Decks | Foam Insulation | New Plumbing & Electric With 800-Amp Service | New Furnaces & ACs | Security Cameras With Remote Access. Gated property. Master keyed for easy access. Extra income from washers and dryers and parking spots! Low maintenance. Happy tenants with many recent renewals.Turnkey fully renovated 8 unit in Chatham strong rents and high NOI. Fully gut renovated in 2017 / 2018 | Complete tuck pointing | New Roof | New Decks | Foam Insulation | New Plumbing & Electric With 800-Amp Service | New Furnaces & ACs | Security Cameras With Remote Access. Gated property. Master keyed for easy access. Extra income from washers and dryers and parking spots! Low maintenance. Happy tenants with many recent renewals.
LISTING CLOSED: 02/12/2020 12:00 AM

  1. Listed by Vikas Wadhwa • Urban Living Properties, LLC
    P: (847) 942-4140 vik@urbanlivingchicago.com

Sold By Coldwell Banker Realty

Property Details for 7920 South Rhodes Avenue

Status
MLS #
10522769
Days on Market
46
Taxes
$3,042 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family 5+ / Condo/Townhouse
Year Built
1920
Lot Size
0.12 AC / 5,227 SF
Area
CHI - Chatham
Township
Hyde Park
Num Of Parking Spaces
5.0
Air Conditioning Type
Central Individual
Num of Interior Fireplaces
0
Zoning
MULTI

Location

Add your commute

Building Information for 7920 South Rhodes Avenue

Stories3Residences8Year Built1920Building Size-Lot Size0.12 AC / 5,227 SF

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Principal and Interest

$4,422

Property Taxes

$254

HOA Dues

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Property Information for 7920 South Rhodes Avenue

General Information
Location and General Information
  • Information: Other-See Remarks
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Individual
  • Electric: Separate Meters
  • # Of Washers: 2
  • Basement Description: Finished
  • Heat/Ventilation: Central Heat/Indiv Controls
  • # Of Window/Ac: 0
  • # Of Refrigerators: 8
  • Washer/Dryer Lsd: No
  • # Of Dryers: 2
  • # Of Disposals: 0
  • # Of Dishwashers: 0
  • Num of Baths: 8.6
Property/Lot Information
  • Tenant Pays: Varies by Tenant
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Condo/Townhouse
  • Lot Dimensions: 5593
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Building Area Total: 7026
  • # Of Ranges: 8
Property and Assessments
  • Documents Available: Rent Roll,Leases,Floor Plan
  • Public Document Count: 0
  • Photos Count: 18
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $480.00
  • Fuel Expense: $660.00
  • Gross Income: $126,084.00
  • Gross Scheduled Income: $126,804.00
  • Insurance Expense: $3,756.00
  • Maintenance Expense: $6,304.00
  • Manager Expense: $6,304.00
  • Electric Expense Source: Combination
  • Expense Year: 2018
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Actual
  • Janitor Expense: 0
  • Manager Expense Source: BP
  • Net Operating Income Year: 2018
  • Other Expense Source: Combination
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Combination
  • Total Monthly Income: 10507
  • Water Expense Source: Combination
  • Net Operating Income: $99,778.00
  • Operating Expense: $26,306.00
  • Other Expense: $1,500.00
  • Trash Expense: $1,260.00
  • Water Sewer Expense: $3,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 6
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 7920 South Rhodes Avenue

DateEvent & SourcePriceAppreciation
Feb 12, 2020

Sold (Public Record)

Public Record #662949221

$870,000

+123.6% / yr

Feb 12, 2020

Sold

MRED #10522769

$870,000
Nov 3, 2019

Pending

MRED #10522769

DateEvent & SourcePrice
02/12/2020

Sold (Public Record)

Public Record #662949221

$870,000

+123.6% / yr

02/12/2020

Sold

MRED #10522769

$870,000
11/03/2019

Pending

MRED #10522769

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

Public Records for 7920 South Rhodes Avenue

Taxable ValueLand$8,649Additions$41,451Total$50,100
Tax Record2023$7,319 ($610 / month)
Home Facts
Baths6Total Finished SqFt7,026 SqFtAbove Grade Finished SqFt7,026 SqFtStories3Lot Size5,580 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyCOOKAPN20-34-202-020

Schools near 7920 South Rhodes Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 6 to 12
Charter - 6 to 12
Rating
School
Distance
Hirsch Metropolitan High School
Public9 to 12

Gary Comer College Prep
Charter6 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 7920 South Rhodes Avenue, Chicago, IL 60619
$870,000
20
5,227
$270,000
3
4,998
3,710
$345,000
6
7,026
5,580
$160,000
2
2,594
3,720
6
7,410
5,580
$129,000
3
1
1,205
3,720

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 Urban Living Properties, LLC

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 08/03/2023 12:48 PM. 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.