Attention all investors! We are looking for a CASH deal for this underpriced money making machine. Walk through video available upon request. Do we have an opportunity for you on this. Priced way below market value and ready for a quick sale. This property is corporate owned and used as a rental unit. There's currently a HCV (Section 8) renter who has been there for five years. Great tenant, any investor would be happy to own this guaranteed money maker. This property is being rented at $1156 a month. Get about a 9% cap rate on a cash for cash investment And with today's rates and a 16% cap rate with a conventional investment loan on the initial investment of 25% down payment. This property has 4 bedrooms, 2 full bathrooms and a full finished basement. This property was a Full gut rehab inside and out in 2010, where roof, windows, furnace, appliances and more was brand new. It has also beed updated in 2018. This is one of three listed properties 6830 S. Prairie, 7145 S. Maplewood and 7632 Rhodes. Seller may consider a package deal if someone was interested in all three.
Property Map
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Property Details
Rooms
Room
Level
Flooring
Size
Living Room
Main
20x10
Dining Room
Main
14x10
Kitchen
Main
10x8
Family Room
Walkout Basement
12x10
Bedroom (master)
Main
10x9
Bedroom (2nd)
Main
10x9
Bedroom (3rd)
Walkout Basement
12x9
Bedroom (4th)
Walkout Basement
10x9
Utilities
Heating Gas, Forced Air, Radiators
Cooling None
Water Lake Michigan
Sewer Sewer-Public
Additional Information
Payment Calculator
Listing History
01-27-2021
Listed at $125,000
02-12-2021
Price decreased by $5,500 to $119,500
03-30-2021
Price decreased by $1,000 to $118,500
04-18-2021
Status changed to Cancelled
Last Modified 4/18/21 10:58 PM
Nearby Transportation
Bus 3
0.2 mi
Bus 75
0.2 mi
Bus 79
0.3 mi
Bus 4
0.3 mi
Bus 29
0.7 mi
Bus 71
0.7 mi
Bus 30
0.7 mi
Bus 24
0.9 mi
Bus 8A
0.9 mi
Bus 67
1.0 mi
Bus 5
1.0 mi
Bus 95
1.0 mi
Bus 169
1.2 mi
Metra Electric
0.8 mi
Red Line
0.8 mi
I 90 East
0.6 mi
I 94 West
0.7 mi
I 94 East
0.8 mi
I 90 West
2.0 mi
Hwy 57
2.8 mi
Hwy 57
3.3 mi
For More Information
(312) 528-9200
For more information about 7632 S Rhodes, Chicago, IL 60619 contact Corcoran Urban Real Estate.
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Listing provided by HomeSmart Realty Group
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