In a large pot, mix together all ingredients, except Cheddar cheese; bring to a boil and then lower the heat, cover the pot, and simmer, stirring occasionally, for at least 30 minutes.
An hour of cooking time is best because it will better meld the ingredients.
To serve, ladle chili into individual bowls and top with Cheddar cheese.
A dollop of sour cream, chopped avocados, or broken tortilla chips are tasty toppings too.