Multi-Family Investment Portfolio 4 Multifamily Properties Offered at $5,822,000 in Chicago, IL

This rare, turnkey portfolio of 28 residential units plus one retail space spans four fully renovated, all-brick properties in two of Chicago’s most dynamic and appreciating neighborhoods: Bridgeport and Pilsen. Collectively generating over $583,000 in annual gross rental income, each property has been meticulously updated between 2017 and 2020, ensuring modern finishes, strong tenant demand, and minimal capital expenditure requirements for years to come.

Portfolio Highlights:
Stabilized & Fully Occupied: All 29 units are 100% leased, providing immediate, reliable cash flow.
Extensive Renovations: Each building has undergone complete gut rehabs, including new electrical,
plumbing, HVAC systems, roofs, windows, and high-quality interior finishes.
Modern Tenant Appeal: Units feature open floor plans, granite or quartz countertops, stainless steel
appliances, dishwashers, in-unit or on-site laundry, and updated baths.
Efficient Operations: Tenants are separately metered for gas and electric, reducing ownership
expenses and ensuring predictable NOI.
Prime Locations: Properties are clustered within Bridgeport and Pilsen, two highly desirable
neighborhoods known for strong rental demand, cultural vibrancy, and proximity to downtown.
Individual Property Overview:
3340 S Carpenter (Bridgeport | 7 Units): Renovated in 2017–2018, generating ~$118K annually.
Features modern 1BR layouts, coin laundry, and major capital upgrades including new roof, electric,
and plumbing.
1946 S Racine (East Pilsen | 10 Units): A large, gut-renovated building with condo-quality finishes,
oversized lot, and 3 parking spaces. Mix of 1BR, 2BR, and 3BR units. All units have washer and dryer.
Generates over $250K annually.
1820 W 18th (Pilsen | 5 Units + Storefront): Fully renovated mixed-use building with modern finishes.
Generates ~$104K annually. Includes a storefront, 1BR, and 2BR layouts plus a 2-unit coach house.
1645 W 17th (Pilsen | 5 Units): Renovated in 2020 with new electric, plumbing, HVAC, roof, and
interiors. Generates ~$111K annually. All units feature in-unit washer/dryer

Investment Summary:
This portfolio offers investors a turnkey, cash-flowing package of stabilized multifamily assets in neighborhoods poised for long-term growth. With nearly $600K in gross annual rental income, quality renovations across all properties, and high-demand tenant amenities, this collection presents a rare opportunity to acquire scale, stability, and upside in one of Chicago’s strongest rental markets