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Greater Chatham Portfolio 4 Multifamily Properties in Chicago, IL
Investment Highlights
- Four-building portfolio in Chatham and Greater Grand Crossing
- Significant value-add potential through renovations and lease-up
- Surrounded by major retailers and dense residential population
- 97 residential units and 17 retail storefronts with strong visibility
- Close proximity to I-94, I-90, and Metra stations for easy connectivity
Executive Summary
The Greater Chatham Portfolio presents a rare receivership sale opportunity comprising four strategically located mixed-use and multifamily assets in Chicago’s South Side. Spanning 81,168 square feet across 1.32 acres, the portfolio includes 97 residential units and 17 retail storefronts positioned along high-visibility corridors such as 79th Street, South Evans Avenue, South Prairie Avenue, and South King Drive. This offering delivers immediate scale and significant upside through targeted renovations, lease-up strategies, and operational efficiencies.
Surrounded by a dense population exceeding 36,000 residents within one mile and an average household income of approximately $60,000, the properties benefit from strong neighborhood demand drivers. The portfolio is less than half a mile from I-94 and 1.5 miles from I-90, with convenient access to Avalon Park and Grand Crossing Metra stations. Nearby national retailers—including Aldi, Jewel-Osco, Walgreens, Home Depot, and Nike—enhance the area’s appeal for both residents and retail tenants. With ongoing public and private investment initiatives revitalizing the 79th Street corridor, this portfolio is well-positioned to capitalize on Chicago’s strengthening South Side rental market.
Surrounded by a dense population exceeding 36,000 residents within one mile and an average household income of approximately $60,000, the properties benefit from strong neighborhood demand drivers. The portfolio is less than half a mile from I-94 and 1.5 miles from I-90, with convenient access to Avalon Park and Grand Crossing Metra stations. Nearby national retailers—including Aldi, Jewel-Osco, Walgreens, Home Depot, and Nike—enhance the area’s appeal for both residents and retail tenants. With ongoing public and private investment initiatives revitalizing the 79th Street corridor, this portfolio is well-positioned to capitalize on Chicago’s strengthening South Side rental market.
Property Facts
| Sale Conditions | Individually For Sale | 0 | |
| Sale Type | Investment | Total Building Size | 81,168 SF |
| Status | Active | Total Land Area | 1.43 AC |
| Number of Properties | 4 |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 81,168 SF |
| Total Land Area | 1.43 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
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Matt Tarshis -
Andrew Rubin -
Zack Pearlstein -
Andrew Picchietti -
Andrew Slovis -
Frontline Real Estate Partners
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