6409 S Rhodes Avenue
Chicago, IL, 60637
$650,000
9 Beds
7 Baths
0 SqFt
0 Acres
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$650,000
6409 S Rhodes Avenue
Chicago, IL, 60637
MLS #MRD12380939 img 0
Turnkey 3-Unit Greystone Gem in Historic Woodlawn! Welcome to 6409 S Rhodes – a rare and timeless 1892 Greystone located in the heart of the vibrant and evolving Woodlawn community. This rock-solid 3-unit building is just one block from the Emmett Till childhood home and within close proximity to the future Obama Presidential Library, offering tremendous upside potential in a neighborhood steeped in cultural history and poised for long-term growth. Situated on a quiet and well-kept block where there is new development on the block and surrounding area. The structure boasts a solid infrastructure. All three units feature spacious layouts with 3 bedrooms and 1.5 bathrooms, providing ideal configurations for tenants or multigenerational living. The owner’s unit is a duplex down, offering additional living space, flexibility, and comfort. An income generator, this property comes with tenants already in place. Here’s where it gets even better: This sale includes the rare opportunity to assume the existing mortgage under the assumption clause – with a below-market interest rate. This could translate into 5-6 figures in interest savings over the life of the loan compared to current rates. Take advantage of today’s appreciating market while locking in yesterday’s financing. Whether you’re a seasoned investor or owner-occupant looking for passive income. This property is ready for the next savvy investor. Don’t miss your chance to own a piece of Chicago history with long-term potential in one of the city’s most promising corridors. Schedule your private showing today – opportunities like this are rare in the Woodlawn area! AS IS sale.

Property Details

Price:
$650,000
MLS #:
MRD12380939
Status:
Active
Beds:
9
Baths:
7
Type:
Multi Family
Neighborhood:
CHI – Woodlawn
City:
Chicago
Listed Date:
Jun 1, 2025
State:
IL
ZIP:
60637
Year Built:
1892

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Limestone
Parking Features
On Site
Parking Spots
3
Roof
Flat

Financial

Tax Year
2023
Taxes
$5,505
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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6409 S Rhodes Avenue
Chicago, IL