Lender Sale | 14-Unit Apartments | $68.9K NOI
- 16,275-SF building on 0.27 acres offers a mix of two-, one-, and three-bedroom units.
- Most units are occupied today, with two vacant two-bed units offering lease-up upside.
- Lease-up of the remaining vacant units plus market rent growth drive income higher over time.
- Fourteen units sit on one tax parcel, simplifying ownership and future repositioning plans.
- Jackson Park and South Shore Hospitals sit nearby, totaling 393 patient beds combined.
- Jewel-Osco, Aldi, and Family Dollar anchor the retail corridor along E 79th Street here.
Property Description
Brokered by Landmark Commercial Real Estate Services and powered by RealINSIGHT Marketplace, Greenwood Apartments at 7905 S Greenwood Ave, Chicago, IL is a 14-unit, 16,275 SF multifamily asset on 0.27 acres in the city's South Shore submarket. The property is largely leased today, with two vacant two-bedroom units offering a clear, capital-light path to fuller occupancy, and further upside available as in-place rents move toward stabilized market levels over the coming years. Situated on S Greenwood Ave near E 79th Street, the asset sits within a mile of Jackson Park Hospital & Medical Center and South Shore Hospital, combining for 393 beds, and blocks from a dense retail corridor anchored by Jewel-Osco, Aldi, Family Dollar, and Dollar Tree. The trade area supports a 2025 estimated population of over 39,000 within one mile and 554,000 within five miles, with average household incomes ranging from roughly $65,000 to $83,000 across the radius. Zoned RS-3, the asset benefits from Chicago's diversified, 9-million-person regional economy and extensive transit and expressway access via I-90/94, Lake Shore Drive, and CTA rail and bus lines, positioning this South Side infill property for durable, long-term rental demand.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Auction |
| Property Types: | Apartment Buildings |
| Price: | $200,000 |
| No. of Units: | 14 |
| Average Occupancy: | 86 |
| Building Size: | 16,275 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $14,286 |
| Property Website | Click Here |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|---|
| Net operating income: | 68891 |
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