NOT LISTED FOR SALE

6149 S Rhodes Ave Chicago, IL 60637

Washington Park Neighborhood
8 Beds
3 Baths
3,024 Sq Ft
3,485 Sq Ft Lot

Last Sold November 15, 2019

Last sale price $350,000 $116 Per Sq Ft

11 Days on Market

About This Home

As of November 2019

Let your tenants pay your mortgage and live for free! The Woodlawn neighborhood is red-hot and one of the fastest appreciating Chicagoland neighborhoods! This is a lay-up and an excellent opportunity for a smart first-time home buyer that wants to start building a rental portfolio! Building was completely renovated in 2017 and has been maintained beautifully. There was a quality $200,000 renovation performed (All work performed with permits). There is plenty of equity built into the asking price which provides the new home owner with the room to customize the vacant unit to your liking! 2 flat properties are selling for $400,000 in Woodlawn within a mile of this property and this is a legal 3 unit building (Zoning certification obtained in September 2019). The occupied units are being rented below market rate per owner preference. Both tenants have month-to-month lease agreements. The 3 bedroom units can rent for $1,300+ and the 2 bedroom unit can rent for $1,100+. That's $3,700+ per month in monthly rental income! Tenants pay their own electric and gas! Laundry hook up already prepared, add coin laundry for extra cash flow. You can also add a parking pad for about $2,000 for even more cash flow. This is a Chicago land mark block! Close proximity to The University of Chicago! A few blocks away from the Green Line and the Metra! Hyde Park is next door! The Lakefront is near and the property is also around the corner from the new 61st/Cottage Grove Jewel grocery! Greenline Coffee one block away! Make an offer, this one won't last long!

Last Agent to Sell the Property

Michael Applegate

Straight-A Realty, LLC License #471020131 Listed on: 10/04/2019

Last Buyer's Agent

Imani Khayyuh

Mark Allen Realty ERA Powered License #475156032

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,429

Year Built

  • Built in 1905 | Remodeled in 2017

Lot Details

  • 3,485 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,429

Year Built

Built in 1905 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1905
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Hardwood Floors

Exterior Features

  • List Price: 359000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 3720
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4429.43
  • Tax Year: 2017

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 3 Flat

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2019 11/15/19 Sold $350,000 -2.5% $116 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
10/04/2019 10/04/19 For Sale $359,000 -- $119 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Applegate

    Seller's Agent in 2019

    Michael Applegate

    Straight-A Realty, LLC

    (630) 288-2446

    1 in this area

    83 Total Sales

    Michael Applegate
    Section Image
  • Imani Khayyuh

    Buyer's Agent in 2019

    Imani Khayyuh

    Mark Allen Realty ERA Powered

    (773) 332-1842

    58 Total Sales

    Imani Khayyuh
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10538544

Midwest Real Estate Data (MRED)

APN: 20154110160000

Illinois Cook County Chicago 60637 Washington Park

6149 S Rhodes Ave, Chicago, IL

This home is located at 6149 S Rhodes Ave, Chicago, IL 60637 since 04 October 2019. This property was built in 1905. 6149 S Rhodes Ave is a home located in Cook County with nearby schools including Fiske Elementary School, Hyde Park Academy High School, and Univ of Chicago Chtr-Woodlawn.

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