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Chatham Three-Unit Income Property
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8019 S Rhodes Avenue, Chicago, IL 60619

Well-maintained 3-flat in Chatham, move-in ready investment opportunity.

Property Size3,600 SF
Price / SF$120.83
Days on Market193

Property Features for 8019 S Rhodes Avenue

General Information

Standard status Active
Size 3,600 SF
Property subtype Multifamily
Zoning RT-4

Building Details

Year Built 1927
Listing Agency: Compass Chicago
Listed By: Rafay Qamar · License #IL 475158420
Source: Crexi
Added: Feb 9 Changed: Aug 8 Last Checked: Aug 3 at 2:26PM

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 Compass Chicago

Investment Insights

Based on property information with market context.

Located in the Chatham neighborhood, this well-maintained three-unit building presents an income-producing opportunity. Each of the three units offers approximately 1,200 square feet of living space, featuring 9-foot ceilings and hardwood flooring. The layouts include separate living and dining areas, spacious kitchens with ample cabinetry and pantry storage, and three oversized bedrooms per unit. The first-floor unit also includes an additional half bath. Recent improvements include a new hot water heater. Tenants are responsible for their own electric, contributing to the property's efficiency. A full basement provides shared washer and dryer access, along with individual storage spaces for tenants. The property includes a large backyard suitable for gatherings, as well as a three-car garage for parking. The property is located near major interstates and commuter train access.

Key Highlights

  • Income‑producing 3‑flat property, ready for immediate occupancy and rental.
  • Each unit is approximately 1,200 sq ft with 3 oversized bedrooms, separate living and dining areas, and ample storage.
  • Convenient location near major interstates and commuter train access.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Law Firm Gym & Fitness Center (Bike/Boat/Book/etc) Store Skin Care Clinic Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,285
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained 3-flat in Chatham, move-in ready investment opportunity.
Where is this triplex located?
The property is located at 8019 S Rhodes Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Income‑producing 3‑flat property, ready for immediate occupancy and rental.; Each unit is approximately 1,200 sq ft with **3 oversized bedrooms**, separate living and dining areas, and ample storage.; Convenient location near major interstates and commuter train access.
(773) 516-1111 Call to check price and availability
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