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$650,000
Est. payment /mo
9 Beds
7 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12380939
Bedrooms 9
Year Built 1892
Annual Tax Amount $5,505
Tax Year 2023
Lot Dimensions 3050
Property Sub-Type Two to Four Units
Property Description
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.
Location
State IL
County Cook
Area Chi - Woodlawn
Rooms
Basement Finished, Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Roof Type Flat
Building
Dwelling Type Two to Four Units
Building Description Limestone, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Limestone
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Courtney Nelson • Coldwell Banker Realty