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$376,699
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Property Description
Discover this fully renovated, oversized two flat in the heart of Chatham-ideal for an owner occupant or an investor looking for strong, reliable cash flow. Both units offer a true open concept layout with modern finishes: white soft close cabinets, quartz countertops, a large island with stylish pendant lighting, refreshed hardwood floors, walk in closets, and brand new stainless steel appliances. Each unit includes three spacious bedrooms, a sleek modern bathroom, and a classic brick fireplace perfect for mounting a TV. The refreshed unfinished basement features painted floors, walls, and ceiling. Radiator heat provides efficient, consistent warmth, and laundry machines are conveniently located in the basement. There's also a modern shared coat/shoe closet outside Unit 2. A solid brick two car garage with automatic door adds even more value. Shopping centers are less than a mile away, downtown Chicago is only about 15 minutes away, and quick access to I94 makes commuting incredibly convenient. The block is filled with working professionals and families, offering a strong community feel. With high rents in this area, this property delivers exceptional living space, modern design, and impressive income potential-an opportunity that's hard to beat in Chatham.
Full Property Details
Full Property Details for 8040 S Rhodes Ave
General
- Sold For: $376,699
- Taxes: $1,974 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12569211
- Added to Site: 71 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: CHI - Chatham
- County: Cook
- Driving Directions: From I-57, East on 79th St, South on Rhodes 1.5 blocks, Property on Right side.
School Information
- School District: 299
- Midd School District: 299
- Elementary School: Dixon Elementary School
- High School: Hirsch Metropolitan High School
- Private School: Hirsch Metropolitan High School
Heating & Cooling
- Heating Type: Natural Gas, Radiator(s)
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Year Built: 1925
- Built Before 1978: Yes
- Remodeled/Updated: 2026
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3720 sq ft
Financial Considerations
- Assessment Year: 1925
- Tax Amount: $1,974
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20342100290000
Listed by Concentric Realty, Inc
Sold by Kale Realty
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Schools
Schools serving 8040 S Rhodes Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Dixon Elementary School, Chicago, IL 8306 South Saint Lawrence Avenue, Chicago, IL 60619 | 7-8 | 0.3 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8040 S Rhodes Ave
Date
Details
Price
Change
Source
5/08/2026
Sold
$376,699
-0.84%
MLS
3/12/2026
Listed
$379,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8040 S Rhodes Avenue, Chicago, IL 60619 (MLS# 12569211) is a Multi-Family property that was sold at $376,699 on May 08, 2026. Want to learn more about 8040 S Rhodes Avenue? Do you have questions about finding other Multi-Family real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.

