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    6510 S Rhodes Ave Chicago, IL 60637

    New
    Under Contract
    For Sale
    $325,000

    Residential Income - Chicago, IL

    Days on Market:
    5
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 6510 S Rhodes Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    20222180240000
    Parking
    2

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1898
    Architectural style
    Other

    Village Realty (708) 478-1212 [email protected]

    Listing agent Kristen Roussev (708) 478-1212 License #475197044

    Listing date Dec 11, 2025

    MLS# 12531470 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    West Woodlawn Greystone Investment Opportunity

    This two-unit Greystone is located in the West Woodlawn community. The first-floor unit, featuring 2 bedrooms and 1 bath, is currently vacant. The second-floor unit includes 3 bedrooms and 1 bath and is occupied by a long-term tenant. Each unit has separate utilities. Additional features include a two-car garage and an additional lot. The property is located near the University of Chicago. Strong rental demand exists from students, staff, and faculty. The property is being sold as is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6122796
    Latitude
    41.7762814

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    FAQs

    What type of property is this?
    Duplex - Turnkey two-unit Greystone near University of Chicago with income potential.
    Where is this duplex located?
    The property is located at 6510 S Rhodes Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Turnkey Greystone in Prime West Woodlawn Location near the University of Chicago.; - Two Units: One vacant 2-bedroom unit ready for immediate occupancy, and one 3-bedroom unit with a long-term tenant providing instant cash flow.; - Additional Lot included, perfect for expansion, outdoor living, or future development.
    (708) 478-1212
    Request Owner's contact information
    6510 S Rhodes Ave Chicago, IL 60637
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    Chicago, IL 60637
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6510 S Rhodes Ave Chicago, IL 60637
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