7558 S Rhodes Avenue, Chicago, IL 60619

  • $625,000
  • $625,000
7558 S Rhodes Avenue, Chicago, IL 60619
For Sale
7558 S Rhodes Avenue, Chicago, IL 60619
  • $625,000
  • $625,000

Overview

Property ID: 24799519
  • Commercial Sale
  • Property Type
  • 1925
  • Year Built

Description

Don’t miss this exceptional investment opportunity in the historically significant Greater Chatham community! This all-brick, 8-unit property is located in the Park Manor/Grand Crossing area, just 2 minutes from the Metra and close to parks and bike trails. With approximately 260 historic Chicago-style brick bungalows nearby, the neighborhood boasts unique charm and community spirit. Exciting developments are on the horizon, including the **$20 million Xchange Chicago** tech training center opening in 2024, projected to create 100 jobs and provide a $70 million economic impact. The **Greater Chatham Initiative** is actively improving the area, ensuring robust growth. Recent updates include beautifully renovated hallways and back porches, enhancing the property’s appeal. With a cash-on-cash return of **6.7%**, a new rubber roof installed in 2019, and long-term tenants in place, this property is priced to sell and offers significant upside potential. Act quickly-this opportunity won’t last long! Contact 8478816176 for access to the property, must provide financing info for showing .

  • Address 7558 S Rhodes Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60619
  • Country United States

Details

Updated on August 28, 2024 at 3:40 am
  • Property ID: 24799519
  • Price: $625,000
  • Year Built: 1925
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: MRD12138679
  • Office Name: BERKSHIRE HATHAWAY HOMESERVICES CHICAGO
  • Agent Name: Christina Garrett
  • MLS Status: Active

Additional details

  • List Office MLSID: MRD10900
  • List Agent MLSID: MRD879784
  • List Date: 2024-08-14T22:28:30.000Z
  • Tax Annual: 8040
  • Tax Year: 2023
  • County: Cook

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