6418 S Rhodes Avenue

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6418 S Rhodes Avenue

Chicago, IL 60637
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Chicago.
  • Property is situated at 6418 S Rhodes Avenue in 60637.
  • Located within a prominent Illinois residential and metropolitan market.
  • Asset type suitable for long-term residential housing investment strategies.
  • Provides potential for investors targeting the Chicago multi-unit sector.

What's Special

This multifamily apartment building at 6418 S Rhodes Avenue represents a residential investment asset within the Chicago market. Positioned in the 60637 zip code, the property benefits from its proximity to established urban infrastructure and the regional transit network that connects the South Side to the broader metropolitan area. Chicago maintains a diverse economy supported by strong educational institutions and healthcare systems, fostering consistent demand for rental housing across various neighborhoods. Prospective owners might consider this site for long-term residential leasing or value-add repositioning strategies tailored to the needs of the local tenant base. The building provides a functional footprint suitable for investors looking to expand their footprint in a key Illinois submarket. Given the density and historical housing patterns of the area, this asset type remains a staple for those seeking to participate in the local multi-unit housing sector.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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