8-Unit Apartment
For Sale
Contact for pricing
Pending
7701 S Rhodes Ave, Chicago, IL 60619
Corner-lot walk-up property with renovated kitchens and baths, updated electrical service, and a balanced one- and two-bedroom unit mix.
Property SizeContact for details
Days on Market145
Property Features for 7701 S Rhodes Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BD/1BA, 4 x 2BD/1BA
Multifamily Units
8
Building Details
Buildings
1
Listing Agency:
Kiser Group
Listed By:
Aaron Sklar · License #IL 475161507
(773) 293-5032
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Sep 2 at 10:44AM
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 Kiser Group
Investment Insights
Based on property information with market context.
This eight-unit walk-up apartment property offers an even mix of four one-bedroom, one-bath apartments and four two-bedroom, one-bath apartments. Unit interiors include hardwood flooring, individual HVAC conduits, and dedicated breaker boxes. Property improvements include renovated kitchens and bathrooms, 100% copper plumbing, updated 800Amp electric service, and masonry and tuckpointing work.
The building occupies a corner lot at 7701 S Rhodes Ave in Chicago’s Grand Crossing neighborhood. Public CTA transfer access and two major interstates are located within blocks, connecting the property with downtown and surrounding areas. The asset is reported at an in-place cap rate of over 9.6% and projected to exceed an 11% cap rate through rent increases and management optimization.
The building occupies a corner lot at 7701 S Rhodes Ave in Chicago’s Grand Crossing neighborhood. Public CTA transfer access and two major interstates are located within blocks, connecting the property with downtown and surrounding areas. The asset is reported at an in-place cap rate of over 9.6% and projected to exceed an 11% cap rate through rent increases and management optimization.
Key Highlights
- Eight‑unit apartment building with four 1BD/1BA and four 2BD/1BA units
- 100% copper plumbing and updated 800Amp electric service
- Renovated kitchens and baths across the property
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,293
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Corner-lot walk-up property with renovated kitchens and baths, updated electrical service, and a balanced one- and two-bedroom unit mix.
Where is this apartment building located?
The property is located at 7701 S Rhodes Ave Chicago, IL.
What are key features of this property?
This property features: Eight‑unit apartment building with four 1BD/1BA and four 2BD/1BA units; 100% copper plumbing and updated 800Amp electric service; Renovated kitchens and baths across the property
