16-Unit Vintage Apartment
For Sale
Contact for pricing
7156 South Rhodes Avenue, Chicago, IL 60619
Two Chicago apartment buildings offer a defined mix of two- and three-bedroom units with voucher-backed leases.
Property Size18,400 SF
Price / SF$70.65
Days on Market20
Property Features for 7156 South Rhodes Avenue
General Information
Standard status
Active
Size
18,400 SF
Property subtype
Multifamily
Occupancy
88%
Net Operating Income
$149,620
Units
Unit Mix
13 x 2BR, 3 x 3BR
Multifamily Units
16
Building Details
Year Built
1925
Buildings
2
Units
16
Tenancy
Multi
Listing Agency:
33 Realty LLC
(773) 899-1334
Listed By:
Sean Connelly · License #IL 481011345
Source:
Crexi
Added: Jul 22
Changed: Aug 9
Last Checked: Aug 9 at 1:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 33 Realty LLC
Investment Insights
Based on property information with market context.
This multifamily offering combines two apartment buildings at 7156 South Rhodes Avenue and 7556 South Eberhart Avenue in Chicago. Constructed in 1925, the portfolio contains 16 units and approximately 18,400 SF of vintage Chicago construction. The unit mix includes 13 two-bedroom apartments and 3 three-bedroom apartments.
Twelve of the 16 leases are voucher-backed, comprising 11 CHA-supported leases and 1 AFCF-supported lease. The properties are located in Greater Grand Crossing, providing a defined neighborhood setting for this two-building residential income portfolio.
Twelve of the 16 leases are voucher-backed, comprising 11 CHA-supported leases and 1 AFCF-supported lease. The properties are located in Greater Grand Crossing, providing a defined neighborhood setting for this two-building residential income portfolio.
Key Highlights
- 16 units across two Chicago apartment buildings
- Approximately 18,400 SF of vintage Chicago construction
- 13 × 2BR and 3 × 3BR unit mix
Property Analytics
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 60619, IL
63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two Chicago apartment buildings offer a defined mix of two- and three-bedroom units with voucher-backed leases.
Where is this apartment building located?
The property is located at 7156 South Rhodes Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 16 units across two Chicago apartment buildings; Approximately 18,400 SF of vintage Chicago construction; 13 × 2BR and 3 × 3BR unit mix
