3538 W Grenshaw St
Chicago, IL 60624
Immeuble residentiel Propriété À vendre · 6 Unités

Six (6) unit brick apartment building located in Homan Square. Each unit is a 2 bed 1 bath, ~1000 square foot unit (identical floorplans), offering scalability in leasing. All six units were rehabbed in the past few years and have been well maintained. Each of the five Section 8 units undergoes annual approval from the city. Mechanical Information: in-unit and separate furnaces + hot water tanks, gas stoves, updated roofing, newer windows. The building is fully occupied and 5/6 tenants are subsidized through Chicago Housing. ~$93,500 annual income
Unit 1F and 3F are eligible for increased voucher rate upon expiration of existing leases (eligibility for 1F: 3/14/2026, eligibility for 3F: 3/31/2026)
Current Leasing info: Unit 1F: 3/15/24 - 3/14/26 ($1300 monthly rent) | Unit 2F: 12/12/21 MTM ($1350 monthly rent) | Unit 3F: 3/14/24 - 3/31/26 ($1270 monthly rent) | Unit :1R 1/1/2010 (MTM $850... Market Tenant, Not CHA) | Unit 2R: 10/23/23 - 10/31/25 ($1671 monthly rent) | Unit 3R: 6/1/2016 (MTM $1350 monthly rent).
Unit 1F, 3F, 2R are all eligible to apply for the 12 month Chicago Housing Authority review process at the end of existing leases (10/31/25, 3/14/26, 3/21/2026)
Unit 2R = Approved for $1671 new voucher as of October 2025