619 E Groveland Park Chicago, IL 60653

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.