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6624 S Rhodes Avenue Chicago, IL 60637 Multi Unit - Multiple Active

  • 6624 S Rhodes Avenue, Chicago, IL 60637 Main Photo

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Description

Feel free to send your clients! recently renovated fully vacant, historic greystone 2-unit in the HOT Woodlawn neighborhood! 8 minutes from the Presidential Obama Center which opens in June of this year. This classic Chicago beauty is perfect for an owner-occupant house hacker or a savvy investor looking for strong rental potential in a rapidly appreciating area. Both floors offer a freshly updated 3 bedroom / 1 bath layout that's move-in ready or ready to rent from day one. You'll love the warm hardwood floors, modern kitchen with updated cabinetry and finishes, and a beautifully refreshed bathroom that gives the space a clean, contemporary feel. The spacious living and dining areas are ideal for entertaining, working from home, or simply spreading out. Each unit has separate gas and heat, with forced-air furnaces in each unit, allowing for individual utility control and helping keep owner expenses manageable. A tall, unfinished basement provides tons of storage now and great long-term potential-whether you envision additional living space, laundry, or other value-add possibilities (buyer to verify with the city). Outside, the property continues to impress: Fenced backyard - perfect for pets, gardening, or summer get-togethers Parking slab that fits two cars - off-street parking is a major plus in the city New rear back porch - added safety, usability, and curb appeal The location is unbeatable. This building is part of the chicago low-income housing trust fund program. This building sits in the heart of Woodlawn, one of Chicago's most exciting growth corridors, just minutes from: Lake Shore Drive and the lakefront The Obama Presidential Center/Library (8 min away and opens in June) The University of Chicago, U of C Hospital, and all the surrounding academic and employment hubs. Whether you plan to live on the first floor and let the second unit help cover your mortgage, or rent both units for strong long-term cash flow, this property checks all the boxes: updated condition, classic greystone charm, separate utilities, parking, and a prime location in a neighborhood with major ongoing investment. Come see why so many buyers and investors are choosing Woodlawn-this greystone is a standout opportunity!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 6
Bathrooms: 2
County: Cook
Listed By:
RE/MAX Premier 773-966-5962
MRED MLS
$365,000
Est. $2,388/mo
6beds
2baths
Active
BEDS6 BATHS2 full MLS#12633362
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

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6624 S Rhodes Avenue, Chicago, IL 60637.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $365,000$365,000$365,000
Down Payment $73,000$12,775$91,250
Monthly Mortgage Amount $1,774$2,207$2,255
Taxes $508$508$508
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$161$0
Monthly Estimated Total $2,388$2,982$2,869

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