The Wood St. Portfolio Multi-Family FOR SALE


Chicago, IL - Gresham
$1,995,000 USD
815-341-0049
, Chicago, IL for Sale
$1,995,000 USD
Multi-Family - FOR SALE
1/3
null | 9.58% Cap Rate

The Wood St. Portfolio
Chicago, IL
Gresham


HIGHLIGHTS

  • 21-unit multifamily portfolio across three contiguous buildings on the same block.
  • 15 of 21 units leased to CHA voucher tenants, ensuring income stability.
  • Recent capital improvements, including roof work at two buildings in March 2026.
  • Proximity to major thoroughfares, public transportation, and neighborhood amenities.

OVERVIEW

The Wood Street Portfolio presents an opportunity to acquire a 21-unit multifamily portfolio located in the Auburn Gresham neighborhood on Chicago’s South Side. This offering consists of three contiguous buildings at 7929, 7935, and 7957 S Wood Street, all situated on the same block for operational efficiency and ease of management. The portfolio features a strong unit mix of one-, two-, and three-bedroom apartments, with 15 of the 21 units leased to CHA voucher tenants, providing a stable income base. Recent capital improvements, including roof work at two buildings, combined with minimal current vacancy, position this portfolio for immediate in-place income and long-term upside through rent growth and operational efficiencies. The properties benefit from a mix of building systems, including a boiler building at 7929 S Wood and individually metered units with separate furnaces and water heaters at 7935 and 7957 S Wood. Located in a dense residential area with strong rental demand, the portfolio offers proximity to major thoroughfares, public transportation, and essential neighborhood amenities.

ASK ABOUT THIS PROPERTY

Joe KahlhammerEssex Realty Group, LLCMore Info
815-341-0049

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Joe KahlhammerEssex Realty Group, LLCMore Info
815-341-0049

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