Property for Sale: 7558 S Rhodes, Chicago, IL 60619

$625,000
$625,000
7558 S Rhodes, Chicago, IL 60619
$625,000
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Price:
$625,000

Type Commercial
Year Built 1925

City Chicago
County Cook

MLS 12138679
Status Active Under Contract
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 .

Lot & Building Features

Tax Year 2023
Lot Dimensions 50X124 ft

Price History of 7558 Rhodes, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $625,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Tanya Coffman
Direct: 773-447-9130
Office
3580 W 95th Street
Evergreen Park, IL 60805
773-447-9130
Listed by Berkshire Hathaway HomeServices Chicago, Christina Garrett
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7558 Rhodes (MLS #12138679) is a commercial listing located in Chicago, IL. This property was listed on 08/14/2024 and has been priced for sale at $625,000.

Nearby zip codes are 60614, 60620, 60621, 60637 and 60654.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Berkshire Hathaway HomeServices Chicago