Six-Unit Multifamily
For Sale
$525,000
7924 S Rhodes Ave, Chicago, IL 60619
Six well-maintained apartments include three 2-bed units and three 1-bed units with hardwood flooring throughout.
Property Size4,200 SF
Days on Market101
Property Features for 7924 S Rhodes Ave
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Multifamily
Additional Details
Cap Rate
10.3%
Multifamily Units
6
Building Details
Building Size
4,200 SF
Year Built
1925
Listed By:
Noah Birk · License #IL #475125864
(630) 209-3622
Source:
Kisergroup
Added: Jul 13
Changed: Oct 11
Last Checked: Oct 20 at 5:24PM
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 Noah Birk
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Investment Insights
Based on property information with market context.
This six-unit multifamily property offers a straightforward unit mix of three 2-bedroom/1-bath apartments and three 1-bedroom/1-bath apartments. Interiors are described as well-maintained and feature hardwood flooring throughout, supporting durable, low-maintenance finishes.
The listing is for 7924 S. Rhodes Avenue in Chicago’s Chatham neighborhood. The remarks indicate efficient layouts and finishes designed to support tenant demand and stable occupancy.
The offering is presented as an income-focused investment, with current capitalization and cash-on-cash metrics provided in the seller’s materials, along with projected pro forma returns based on rent optimization and operational efficiencies.
The listing is for 7924 S. Rhodes Avenue in Chicago’s Chatham neighborhood. The remarks indicate efficient layouts and finishes designed to support tenant demand and stable occupancy.
The offering is presented as an income-focused investment, with current capitalization and cash-on-cash metrics provided in the seller’s materials, along with projected pro forma returns based on rent optimization and operational efficiencies.
Key Highlights
- 6‑unit multifamily building built in 1925
- Unit mix includes three 2 bed / 1 bath apartments and three 1 bed / 1 bath apartments
- Hardwood flooring throughout the apartments
Property Analytics
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,557
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Six well-maintained apartments include three 2-bed units and three 1-bed units with hardwood flooring throughout.
Where is this apartment building located?
The property is located at 7924 S Rhodes Ave Chicago, IL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 6‑unit multifamily building built in 1925; Unit mix includes three 2 bed / 1 bath apartments and three 1 bed / 1 bath apartments; Hardwood flooring throughout the apartments
