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$320,000
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Property Description
Turnkey Greystone with Additional Lot - Prime West Woodlawn Investment Discover a rare opportunity to own a beautifully kept two-unit Greystone with endless income potential in the fast-growing West Woodlawn community. Ideally located near the University of Chicago, this property offers convenience, stability, and growth for seasoned investors and first-time buyers alike. The first-floor unit offers 2 bedrooms and 1 bath, currently vacant and ready for immediate occupancy. The second-floor unit features 3 bedrooms and 1 bath, occupied by a long-term tenant providing instant cash flow. Each unit has separate utilities. Additional features include a two-car garage for parking or extra rental income, along with an additional lot perfect for expansion, outdoor living, or future development. This property sits on a well-maintained block surrounded by neighborhood pride. With strong rental demand from students, staff, and faculty, plus the potential for University of Chicago employee housing incentives, this is a smart and secure addition to your portfolio. Whether you're looking to live in one unit while your tenant helps cover the mortgage or rent out both for maximum returns, this is a true turnkey opportunity in one of Chicago's most dynamic neighborhoods. Schedule your private tour today! This property is being sold as is .
Full Property Details
Full Property Details for 6510 S Rhodes Ave
General
- Sold For: $320,000
- Taxes: $3,618 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12531470
- Added to Site: 38 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Detached, Garage
Location
- Area: CHI - Woodlawn
- County: Cook
- Driving Directions: I94 Expressway South to Marquette Road (6510 South), turn east to Rhodes Ave.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone
- Basement Desc.: Unfinished, Full
- Year Built: 1898
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- Assessment Year: 1898
- Tax Amount: $3,618.74
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20222180240000
Listed by Village Realty, Inc.
Sold by Keller Williams Preferred Rlty
Get Pre-Approved Today
Schools
Schools serving 6510 S Rhodes Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Till Elementary Math & Science Academy 6543 South Champlain Avenue, Chicago, IL 60637 | K-8 | 0.2 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6510 S Rhodes Ave
Date
Details
Price
Change
Source
12/31/2025
Sold
$320,000
-1.54%
MLS
12/11/2025
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6510 S Rhodes Avenue, Chicago, IL 60637 (MLS# 12531470) is a Multi-Family property that was sold at $320,000 on December 31, 2025. Want to learn more about 6510 S Rhodes Avenue? Do you have questions about finding other Multi-Family real estate for sale in Woodlawn? You can browse all Woodlawn real estate or contact a Coldwell Banker agent to request more information.

