7632 South RHODES AvenueChicago, IL 60619Price: $119,500

  • Price: $119,500
  • Est. Mortgage of $/month
  • 28 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 2.81% last updated on Feb 18, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.07Acreage
  • 2Bathrooms
  • 4Bedrooms
  • 1,600Square Feet

Listing Tools

Attention all investors! 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.

Driving Directions

Property Details

Interior Features

Utilities and Appliances

Community

Other Details

Listed by Emad Abed of HomeSmart Realty Group

Based on information submitted to MRED  as of February 25, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: