22-year-old Antuane Brown was charged on Wednesday.
Sources tell Action News that around 3:00 a.m. detectives with the Special Victims Unit and 14th district police officers served a search warrant on a property located on the 1100 block of East Price Street.
A man, later to be identified as Brown, was taken into custody for questioning.
Action News was told authorities confiscated a mountain bike as well.
Earlier this week, investigators released a surveillance video showing the suspect riding a bicycle.
Police have been investigating the sexual assault of four girls, between the ages of 12 and 17, since March - all at gunpoint.