![](https://www.albertrealtyadvisors.com/wp-content/uploads/2020/09/02_6107SRhodes_2003_LowRes.jpg)
Albert Realty Advisors presents for sale, 6147 S. Rhodes Ave. This brick 3-Unit (plus Garden Unit) would be a great addition to any investment portfolio.
Key highlights include:
- Asking Price: $369,900
- 5700 square feet of finished space (including Garden Unit)
- Top three floors each feature 3-bedrooms & 1-bathroom, separate dining rooms, hardwood floors, and separate furnaces (forced air)
- Garden Unit features additional 1200 SF, 3-bedrooms & 1-bathroom, interior stair case to 1st floor, and walk-out rear door.
- Various repairs conducted in 2002 (all new roof, rear porch, garage, mechanicals, kitchens, bathrooms) and 2012 (front balcony repairs, lintels, tuck pointing).
1st Floor requires a full gut rehab and Garden Unit requires some repairs. Building will not pass regular FHA financing. FHA 203k required.
Units #1 and #3 have MTM tenants paying $900/month. Unit #2 and Garden Unit are vacant. Post-renovation potential rent is up to $5700 per month with subsidized tenants.
![](https://www.albertrealtyadvisors.com/wp-content/uploads/2020/09/03_6107SRhodes_2004_LowRes.jpg)
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![](https://www.albertrealtyadvisors.com/wp-content/uploads/2020/09/11_6107SRhodes_2014_LowRes.jpg)
Property is located 1-block away from Washington Park, 4-blocks away from Jewel-Osco, and half-mile from the Green Line. Woodlawn continues to see increasing private investment, and the City of Chicago has numerous public projects planned for the next 5 years.
The site of the future Barack Obama Presidential Center is located 1.5 miles away. Significant market demand for small multifamily properties in the area means this listing won’t last long.
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To schedule a tour of 6107 S. Rhodes Ave, Chicago IL 60637, please contact Damian Albert at (312) 342-8422 or [email protected].
For more information on this property, please click here.