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Greater Chatham Portfolio 4 Multifamily Properties Offered at $1,360,510 CAD in Chicago, IL
Investment Highlights
- Four-Building Portfolio: Includes 8249-59 S. Evans Avenue, 7908 S. Prairie Avenue, 319-25 E. 79th Street, and 7431- 37 S. King Drive
- Value-Add Opportunity: Potential to enhance returns through unit renovations, leasing-up, and operational efficiencies across the portfolio
- Diverse Unit Mix featuring 97 residential units and 17 retail storefronts
Executive Summary
The Greater Chatham Portfolio consists of four (4) mixed-use and multi-family assets totaling 97 residential and 17 retail units across 81,168 square feet in Chicago’s Chatham and Greater Grand Crossing neighborhoods. The portfolio includes 8249-59 S. Evans Avenue, 7908 S. Prairie Avenue, 319-25 E. 79th Street, and 7431-37 S. King Drive featuring 32 studio units, 62 1 bed units, and 3 2 bed units. Collectively, the portfolio offers upside through additional lease-up and operational efficiencies. The Properties feature a diverse mix of ground-floor retail storefronts and upper-level apartment units positioned along established South Side commercial corridors. The portfolio benefits from strong neighborhood visibility, a dense surrounding population base, and proximity to major arterials including 79th Street, Cottage Grove Avenue, and the Dan Ryan Expressway—making it a compelling value-add opportunity within a strengthening South Side rental market
Auction Platform Page: https://rimarketplace.com/auction/3157/multifamily/chicago/il
Auction Platform Page: https://rimarketplace.com/auction/3157/multifamily/chicago/il
Property Facts
| Price | $1,360,510 CAD | Number of Properties | 4 |
| Price / SF | $16.76 CAD / SF | Individually For Sale | 0 |
| Sale Conditions | Total Building Size | 81,168 SF | |
| Sale Type | Investment | Total Land Area | 1.44 AC |
| Status | Active |
| Price | $1,360,510 CAD |
| Price / SF | $16.76 CAD / SF |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 81,168 SF |
| Total Land Area | 1.44 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7908 S Prairie Ave, Chicago, IL 60619 | Multifamily | 27,190 SF | 1928 | - |
| 8249 S Evans Ave, Chicago, IL 60619 | Multifamily | 22,890 SF | 1927 | - |
|
7431 King
7431-47 s King Dr, Chicago, IL 60619 |
Multifamily | 17,388 SF | 2020 | - |
| 319-325 E 79th St, Chicago, IL 60619 | Multifamily | 13,700 SF | 1926 | - |
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Contacts
-
Matt Tarshis -
Andrew Rubin -
Zack Pearlstein -
Andrew Picchietti -
Andrew Slovis -
Frontline Real Estate Partners
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Greater Chatham Portfolio
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