$400,000
7956 S Rhodes Avenue
Chicago, IL, 60619
Rare Investment Opportunity in Chatham – 9-Unit Multifamily Building Discover a unique investment in one of the most desirable neighborhoods of Chatham with this 3-story multifamily building featuring a mix of occupied units. This property includes five 1-bedroom and four 2-bedroom units, combining comfort with potential high returns. Property Highlights: Total Units: 9 Unit Mix: 5 one-bedroom units, 4 two-bedroom units Occupancy: almost fully occupied with a combination of lease and month-to-month arrangements. Building Condition: Requires renovations; an excellent opportunity to add value. Investment Potential: Situated in the highly sought-after Chatham area, known for its strong rental demand. Potential to increase rental income through property enhancements and lease adjustments. Located in a vibrant community with easy access to local amenities, parks, and public transportation. Close proximity to shopping, dining, and entertainment options. This property is ideal for: Investors looking to expand their portfolio with a property that offers both immediate cash flow and significant upside potential through renovations. Take advantage of this opportunity to own a multifamily building in Chatham with solid bones and great potential. Whether you’re looking to refurbish and revitalize or hold as a steady income source, this property promises to be a worthwhile addition to any real estate investment portfolio. Property is sold AS-IS
Property Details
Price:
$400,000
MLS #:
MRD12321646
Status:
Active
Beds:
0
Baths:
0
Address:
7956 S Rhodes Avenue
Type:
Commercial
Neighborhood:
CHI – Chatham
City:
Chicago
Listed Date:
Mar 31, 2025
State:
IL
ZIP:
60619
Year Built:
1926
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick
Financial
Tax Year
2023
Taxes
$5,042
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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7956 S Rhodes Avenue
Chicago, IL
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