7924 S. Rhodes Ave

For Sale

7924 S. Rhodes Ave, Chicago, IL 60619

This Chicago property for sale is located at 7924 S. Rhodes Ave. The general use of 7924 S. Rhodes Ave is multi-family and it incorporates 4,200 square feet of class C multi-family space. The current listed sale price for 7924 S. Rhodes Ave is $525,000. 7924 S. Rhodes Ave is situated on a lot that is 0.13 acre in size.

Contacts

Noah Birk

Kiser Group

Property Details

  • Property Type Multi-Family
  • Property Size 4,200 SF
  • Units 6
  • Lot Size 0.13 Acre
  • Building Class C
  • Year Built 1925
  • Date Updated Jul 31, 2026
6 Units | ChathamKiser Group is pleased to present for sale 7924 S. Rhodes Avenue, a six-unit multifamily investment opportunity located in Chicago's Chatham neighborhood. The property consists of six residential units comprised of three (3) 2Bd/1 Ba apartments and three (3) 1Bd/1 Ba apartments, providing a desirable unit mix that appeals to a broad tenant base. The building features well-maintained apartments with hardwood flooring throughout, offering residents classic Chicago charm and durability while minimizing long-term maintenance costs. The property's efficient unit layouts and attractive finishes support continued tenant demand and stable occupancy. The asset delivers exceptional in-place returns, boasting a current capitalization rate of 10.30% and an impressive cash-on-cash return of 18.43%. Through strategic rent optimization and operational efficiencies, investors have the opportunity to achieve a projected pro forma capitalization rate of 11.55% and a pro forma cash-on-cash return of 23.46%.
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Highlights

  • Ability to Significantly Increase Rents
  • All Six (6) Units are Convertible
  • Prime Chatham Location
  • Three (3) 2Bd/1Ba & Three (3) 1Bd/1Ba Units

Getting around

  • 89/100

    Walk Score ®

  • 69/100

    Transit Score ®

  • 54/100

    Bike Score ®

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Location

  • City Chicago, IL
  • Neighborhood Chatham
  • Zip Code 60619
  • Market Chicago

Points of Interest

  • Stony Island

    1.63 miles

  • Gresham

    1.96 miles

  • 95th/Dan Ryan

    2.09 miles

  • 63rd Street

    2.29 miles

  • South Shore

    2.58 miles

  • Halsted

    2.61 miles

  • Windsor Park

    2.74 miles

  • Brainerd

    2.75 miles

  • Garfield

    3.10 miles

  • 83rd Street

    3.12 miles

  • Marathon

    0.20 miles

  • Amstar

    0.36 miles

  • Falcon Fuel

    0.42 miles

  • Shell

    0.65 miles

  • Falcon

    0.75 miles

  • BP

    0.79 miles

  • ChargePoint

    2.40 miles

  • Tesla Supercharger

    3.97 miles

  • eVgo

    8.09 miles

  • Blink

    8.09 miles

  • Campus South Parking

    2.39 miles

  • Kimbark South Parking Garage

    2.54 miles

  • Chapin Hall Parking Lot

    2.60 miles

  • Dorchester Parking Lot

    2.63 miles

  • Parking/Materials Management

    2.63 miles

  • Medical Campus Parking Garage A

    2.71 miles

  • Lexington Parking Lot

    2.74 miles

  • Trailer Parking

    2.77 miles

  • Medical Campus Parking Garage B

    2.88 miles

  • Campus North Parking Garage

    3.09 miles

  • East of the Ryan

    0.50 miles

  • Empire Motel

    0.52 miles

  • South Shore Motel

    1.38 miles

  • Admiral Motel

    1.54 miles

  • Best Motel

    1.74 miles

  • Skyway Motel

    2.02 miles

  • Stony Island Motel

    2.12 miles

  • The Study at the University of Chicago

    2.58 miles

  • Beverly Motel & Suites

    2.91 miles

  • New Budget Motel

    2.94 miles

  • M & H Market

    0.62 miles

  • Forman Mills

    0.87 miles

  • ALDI

    0.96 miles

  • Shop-N-Save

    1.13 miles

  • Food 4 Less

    1.24 miles

  • Jewel-Osco

    1.35 miles

  • dd's Discounts

    1.39 miles

  • Zees Supermarket Plus

    1.49 miles

  • Save-A-Lot

    1.53 miles

  • City Sports

    2.09 miles

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