6639 S Rhodes Avenue, Chicago, IL 60637

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$300,000

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Description

Brick 2-Unit Investment in Woodlawn: Short Sale Well-maintained brick 2-flat in Woodlawn with strong rental income potential. The building is vacant and ready for your plan, with an estimated after-repair value around $450,000 (estimate only, not guaranteed). The property needs basement repairs for mold remediation, which makes it a strong value-add opportunity for a quick flip or a long-term rental hold. UPDATES AND FEATURES – Newer roof – Good windows – Newer hot water tanks – Granite countertops throughout – Unit 1 (1st floor): laminate floors on the main level, ceramic tile on the lower level, and updated appliances – Unit 1 is duplexed down: bedroom, family room, laundry room, office, storage, and a play area, plus a walk-out basement – Unit 2: hardwood floors throughout – Back porch and yard with plenty of space to enjoy the outdoors LOCATION Close to Jackson Park, Hyde Park, the Dan Ryan Expressway, and public transportation, in an emerging, growing neighborhood. Property is subject to a short sale (lender approval required). Sold as-is. Buyer to verify all details, including condition and repair scope. Take a look at this investment.