Invest in Chicago Today and make that money my friends. This property is a fantastic 2 flat with basement unit that appears to be a legal unit. This property is larger than most as the 1st and 2nd floor units are 3 bed 1.1 bath units with separate furnace and tankless hot water tank for each unit. This is pretty close to a turnkey property and what is great that 2 families can get together and buy a property. Buy this owner occupied and have your tenants pay for your mortgage. This one is a must see and the yard is fenced so privacy. Property is a must see so come check it out and make your offer today! Property is being sold in "As Is" condition. * Title has advised that buyers need to be aware of the following as they will require a hold harmless at closing: MUNICIPAL TAX LIEN FILED 11/21/2023 AGAINST PREVIOUS OWNER PRIOR: 7428 SOUTH RHODES AVENUE, BY THE CITY OF CHICAGO, A MUNICIPAL CORPORATION, IN THE AMOUNT OF , PLUS INTEREST AND COSTS, IN DOCUMENT NO. 2332529069 OF COOK COUNTY RECORDS. Multiple Offer Situation Highest and Best due Monday 10/06/2025 at 12pm.
Multi-familyProperty Type
1915Year Built
3,484 sq ftLot Size
2 spacesParking
Listed by Otis Lazich• Capital Investment Realty Group Inc
Listed by Emilia Lazich• Capital Investment Realty Group Inc
This house has good bones and is looking for a rehab! Investors, come get this property-ready for your attention. Classic lead trimmed windows and wood trimming throughout. County Assessor reports as 3-unit 3 Bath. Please do your own due diligence. As-Is-where-is. No survey. Buyer accepts with any violations to be corrected. Buyer pays all closing costs.
Public Records
Oct 26, 2001
Sold
$139,000
Public Records
Apr 26, 2001
Sold
$90,000
Year
Property tax
Land + Additions
Assessment*
2023
$2,954 (+2.6%)
$3,348 + $26,252
$29,600
2022
$2,880 (+34.2%)
$4,650 + $9,350
$14,000
2021
$2,146 (−17.2%)
$4,650 + $9,350
$14,000
2020
$2,590 (−3.1%)
$4,650 + $10,080
$14,730
2019
$2,674 (+1.8%)
$4,650 + $12,089
$16,739
2018
$2,628 (−31.6%)
$4,650 + $12,089
$16,739
2017
$3,843 (+2.4%)
$4,092 + $17,136
$21,228
2016
$3,752 (+10.0%)
$4,092 + $17,136
$21,228
2015
$3,409 (+9.4%)
$4,092 + $17,136
$21,228
2014
$3,116 (+2.4%)
$3,348 + $16,015
$19,363
2013
$3,043 (+0.5%)
$3,348 + $16,015
$19,363
2012
$3,027 (−5.3%)
$3,348 + $16,015
$19,363
2011
$3,197 (+3.8%)
$4,464 + $19,307
$23,771
2010
$3,079 (+10.7%)
$4,464 + $19,307
$23,771
2009
$2,781 (−1.2%)
$4,464 + $19,307
$23,771
2008
$2,815 (+15.3%)
$3,868 + $22,472
$26,340
2007
$2,442
$3,868 + $22,472
$26,340
Tax history for 7428 S Rhodes Ave
Year
Property tax
Land + Additions
Assessment*
2023
$2,954 (+2.6%)
$3,348 + $26,252
$29,600
2022
$2,880 (+34.2%)
$4,650 + $9,350
$14,000
2021
$2,146 (−17.2%)
$4,650 + $9,350
$14,000
2020
$2,590 (−3.1%)
$4,650 + $10,080
$14,730
2019
$2,674 (+1.8%)
$4,650 + $12,089
$16,739
2018
$2,628 (−31.6%)
$4,650 + $12,089
$16,739
2017
$3,843 (+2.4%)
$4,092 + $17,136
$21,228
2016
$3,752 (+10.0%)
$4,092 + $17,136
$21,228
2015
$3,409 (+9.4%)
$4,092 + $17,136
$21,228
2014
$3,116 (+2.4%)
$3,348 + $16,015
$19,363
2013
$3,043 (+0.5%)
$3,348 + $16,015
$19,363
2012
$3,027 (−5.3%)
$3,348 + $16,015
$19,363
2011
$3,197 (+3.8%)
$4,464 + $19,307
$23,771
2010
$3,079 (+10.7%)
$4,464 + $19,307
$23,771
2009
$2,781 (−1.2%)
$4,464 + $19,307
$23,771
2008
$2,815 (+15.3%)
$3,868 + $22,472
$26,340
2007
$2,442
$3,868 + $22,472
$26,340
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
9
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
3,484
Year renovated
2026
Sq. Ft.
3,968
Year built
1915
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
20272260250000
Parking Spaces
2
Basement
Yes
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on May 23, 2026.
RS-3
Residential Single-Unit (Detached House) District
The primary purpose of the RS districts is to accommodate the development of detached houses on individual lots. It is intended that RS zoning be applied in areas where the land-use pattern is characterized predominately by detached houses on individual lots or where such a land use pattern is desired in the future. The Zoning Ordinance includes three RS districts - RS3 - which are differentiated primarily on the basis of minimum lot area requirements and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Single unit
Housing-Other
Infrastructure
Educational / school
Library
Recreation
Cemetery
Park & open space
Property details
Interior
Bathroom Information
# of Baths (Full): 3
# of Baths (1/2): 2
Bedroom Information
# of Bedrooms: 8
# of Bedrooms Possible: 8
Additional Rooms Information
Basement: Finished, Full
Interior Features
# of Rooms: 17
Multi-Unit Information
3 Br Unit(s) In Bldg: Yes
Community Information
Community Features: Curbs, Sidewalks, Street Lights, Street Paved
Unit Type 1 Information
Floor Number: 1
# of Rooms: 5
# of Bedrooms: 3
# of Bathrooms (Total): 2
# of Full Bathrooms: 1
# of Half Bathrooms: 1
Appliances and Features: None
Security Deposit: 0
Tenant Pays: Electric,Gas
Lease Expiration Date: 0
Unit Type 2 Information
Floor Number: 2
# of Rooms: 6
# of Bedrooms: 3
# of Bathrooms (Total): 2
# of Full Bathrooms: 1
# of Half Bathrooms: 1
Appliances and Features: None
Tenant Pays: Electric,Gas
Lease Expiration Date: 0
Unit Type 3 Information
# of Rooms: 5
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: None
Tenant Pays: Electric,Gas
Lease Expiration Date: 0
Exterior
Building Information
# Of Units in Building: 3
Age: 100+ Years
Built Before 1978 (Y/N): Yes
Roof: Flat
Construction Materials: Brick
Property Information
Property Type: Two to Four Units
Conversion (Y/N): N
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): Yes
Rehab Year: 2022
Parcel Number: 20272260250000
Fencing: Fenced
Lot Information
Dimensions: 30x124
Lot Size: Less Than .25 Acre
Lot Size Source: County Records
Zoning: MULTI
Financial
Tax Information
Tax Annual Amount: $2,953.85
Tax Year: 2023
Financial Information
Finance Code: Renovation Loan
Special Service Area: N
Utilities
Utility Information
Water Source: Lake Michigan, Public
Sewer: Public Sewer
Heating & Cooling
Heating: Natural Gas, Forced Air
Location
School Information
Elementary School District: 299
Middle Or Junior School District: 299
High School District: 299
Location Information
Township: Hyde Park
Corporate Limits: Chicago
Directions: From MLK and 73rd, East to Rhodes. South 2 blocks to property.
Public facts
Beds: 9
Baths: 4.0
Sq. Ft.: 3,968
Stories: 2.0
Parking Spaces: 2
Basement: Yes
Accessible: No
Lot Size: 3,484 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1915
Year Renovated: 2026
County: Cook County
APN: 20272260250000
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on May 23, 2026
Other
Listing Information
Holds Earnest Money: No
Possession: Closing
Some Photos Virtually Staged?: No
Around this home
Schools
Tanner Elementary School
Public PreK-8 • Assigned • 0.3mi
3/10
Hirsch Metropolitan High School
Public 9-12 • Assigned • 0.6mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60619
Average low and high temperatures (°F)
30
17
39
25
54
36
62
44
67
52
81
65
85
71
81
68
77
62
68
52
52
40
37
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
10.3 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$323,000 – $391,000
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