Chicago Lawn Portfolio Multi-Family FOR SALE


Chicago, IL - Marquette Park
$5,780,000 USD
773-799-0639
, Chicago, IL for Sale
$5,780,000 USD
Multi-Family - FOR SALE
1/11
null | 8.61% Cap Rate

Chicago Lawn Portfolio
Chicago, IL
Marquette Park


HIGHLIGHTS

  • 68-unit, three-building multifamily portfolio located in Chicago Lawn on Chicago’s South Side
  • Clustered asset layout with two buildings on the same block and a third one block east, enabling efficient management
  • 6321 S. California Ave.: 31-unit boiler building
  • 6355 S. California & 6400 S. Fairfield: 37 combined units featuring individual furnaces and 800-amp electrical service
  • Located in Marquette Park, a well-established residential neighborhood with strong rental demand and access to transit, major roadways and MDW airport
  • Opportunity Zone designation offering potential tax advantages, with a comprehensive Offering Memorandum available upon request

OVERVIEW

This offering presents a rare opportunity to acquire a three-building multifamily portfolio in Chicago’s Marquette Park neighborhood. The portfolio consists of 68 units across 6321 S California Ave, 6355 S California Ave, and 6400 S Fairfield Ave, all located within walking distance of one another, enabling operational efficiencies and streamlined management. The properties feature a mix of studios, one, two, and three bedroom units, catering to strong local rental demand. Current in-place income supports an attractive cap rate, with additional upside through strategic renovations and rent optimization. The buildings are situated in a dense residential area with convenient access to public transportation, major thoroughfares, and employment centers. Marquette Park offers a stable tenant base and proximity to retail corridors, schools, and community amenities. The portfolio’s location provides connectivity to downtown Chicago and Midway International Airport, enhancing its appeal for long-term investors seeking consistent cash flow and value-add potential.

ASK ABOUT THIS PROPERTY

Jesus GarciaEssex Realty Group, LLCMore Info
773-799-0639

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Jesus GarciaEssex Realty Group, LLCMore Info
773-799-0639

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.