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Chicago Lawn Portfolio 3 Multifamily Properties Offered at $8,006,687 CAD in Chicago, IL
Investment Highlights
- 68-unit, three-building multifamily portfolio located in Chicago Lawn on Chicago’s South Side
- 6321 S. California Ave.: 31-unit boiler building
- Located in Marquette Park, a well-established residential neighborhood with strong rental demand and access to transit, major roadways and MDW airport
- Clustered asset layout with two buildings on the same block and a third one block east, enabling efficient management
- 6355 S. California & 6400 S. Fairfield: 37 combined units featuring individual furnaces and 800-amp electrical service
- Opportunity Zone designation offering potential tax advantages, with a comprehensive Offering Memorandum available upon request
Executive Summary
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.
Property Facts
| Price | $8,006,687 CAD | Status | Active |
| Price / SF | $171.68 CAD / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.61% | Total Building Size | 46,637 SF |
| Sale Type | Investment | Total Land Area | 0.70 AC |
| Price | $8,006,687 CAD |
| Price / SF | $171.68 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.61% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 46,637 SF |
| Total Land Area | 0.70 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 6321-6331 S California Ave, Chicago, IL 60629 | Multifamily | 24,537 SF | 1923 | - |
| 6355 S California Ave, Chicago, IL 60629 | Multifamily | 11,700 SF | 1926 | - |
| 6400 S Fairfield Ave, Chicago, IL 60629 | Multifamily | 10,400 SF | 1925 | - |
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