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619 E Groveland Park Chicago, IL 60653

Sponsored
For Sale
$1,200,000

MULTI_FAMILY - Chicago, IL

Property size:
5,697 SF
Days on Market:
5
Last Refresh:
Feb 24 at 5:06 am

Property Features for 619 E Groveland Park

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
Zoning
MULTI
Rooms
Bathroom 6, Bathroom 11, Bathroom 3, Bathroom 4, Bedroom 8, Bedroom 1, Bedroom 10, Bedroom 5, Bedroom 4, Bathroom 5, Bedroom 6, Bathroom 10, Bathroom 7, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 9, Bedroom 7, Bathroom 8, Bathroom 9, Bedroom 2
Bedrooms
10
APN
17342190340000
Size
5,697 SF

Building Details

Year built
1904
Floors in Building
3
Number of units
7
Building materials
Brick

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Listing Contact
Anthony Hardy

Keller Williams Chicago ONEChicago (312) 216-2422

Listing agent Anthony Hardy (773) 575-6082

Listing date Feb 20, 2026

MLS# 12573303 Listing URL

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Bronzeville Multifamily Investment Opportunity

Located within the gated, landmarked Groveland Park community in Chicago's Bronzeville neighborhood, this 7-unit multifamily property presents an investment opportunity in a supply-constrained submarket. Constructed in the early 1900s and revitalized, the property encompasses approximately 5,697 square feet. The unit mix features three 2-bedroom + den / 1-bath units and four 1-bedroom / 1-bath units, plus a garden unit. Unit sizes range from approximately 525-950 square feet, with the garden unit at approximately 650 square feet. The property generates $127,800 in gross annual rental income ($10,650/month). Factoring in a 4% vacancy assumption (-$5,152) and $1,008 in annual laundry income, the effective gross income totals approximately $123,656. Operating expenses are managed at approximately $30,171, resulting in a current NOI of $93,484. A $50,000 renovation budget supports potential rent growth from $10,650/month to $13,200/month. Under the pro forma scenario, effective gross income increases to approximately $153,032, with total expenses of approximately $31,377, producing a pro forma NOI of $121,655. The property is positioned at approximately $211 per square foot and $171,429 per unit. The property benefits from its setting within a gated historic park environment, offering residents a quiet, residential atmosphere while providing access to Lake Shore Drive, major employment centers, public transit, and continued investment activity throughout Bronzeville. This offering is suited for investors seeking in-place income with value-add upside and long-term appreciation fundamentals.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.610619
Latitude
41.833214

FAQs

What type of property is this?
Apartment building - 7-unit multifamily property in Chicago's landmarked Groveland Park community.
Where is this apartment building located?
The property is located at 619 E Groveland Park Chicago, IL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: - Value-add opportunity: $50,000 renovation budget to increase gross annual rent from $127,800 to $158,400.; - Located in Groveland Park, a gated, landmarked community in Chicago's Bronzeville neighborhood.; - Strong in-place financial performance: current NOI of $93,484 and a pro forma NOI of $121,655.
More about this property
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