Value-Add Multifamily Repositioning
For Sale
Contact for pricing
Pending
1334-1344 W 83rd St, Chicago, IL 60620
13-unit apartment building in Chicago's Auburn Gresham neighborhood.
Property Size9,700 SF
Days on Market100
Property Features for 1334-1344 W 83rd St
General Information
Standard status
Pending
Size
9,700 SF
Property subtype
Multifamily
Zoning
RS-3 (W. 82nd and 83rd Street addresses) and RM-5
Building Details
Year Built
1927
Buildings
1
Stories
3
Units
13
Listing Agency:
Colliers - Chicago Downtown, Illinois
(312) 612-5944
Listed By:
Tyler Hague, LEED AP · License #471009171
Source:
Crexi
Added: May 22
Changed: Aug 8
Last Checked: Jul 24 at 10:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Chicago Downtown, Illinois
Investment Insights
Based on property information with market context.
Located in Chicago’s Auburn Gresham neighborhood on Chicago’s South Side, 1334-1344 W 83rd Street is a 13-unit apartment building totaling approximately 9,700 rentable square feet, with an average unit size of approximately 746 square feet. Built in 1927, the property is currently 0% occupied. The vacant status provides execution control and creates a path for investors to modernize the unit interiors, address deferred maintenance, reset rents, and reposition the asset within the surrounding rental market. The existing building configuration, unit count, and established residential location provide a functional foundation for a value-add business plan focused on reactivating housing supply and creating long-term cash flow. The property benefits from its position within Auburn Gresham, an established South Side residential community near Gresham, Chatham, Beverly, and Ashburn. The asset is located near key neighborhood amenities and outdoor destinations including Dan Ryan Woods, Foster Park, the Major Taylor Trail, and the Dr. Martin Luther King Jr. Roller Skating and Bowling Center. Dan Ryan Woods is a 257-acre South Side recreation destination with trails, fitness areas, sledding/snowboarding hills, and historic aqueducts, while Foster Park provides athletic fields, courts, a track, and an indoor swimming pool.
Key Highlights
- Value‑add and repositioning opportunity in Chicago's Auburn Gresham neighborhood.
- 13‑unit apartment building totaling approximately 9,700 rentable square feet.
- Currently 0% occupied, providing full execution control for renovation and lease‑up.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,098
Businesses Nearby
Explore this area
Business Placement
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 13-unit apartment building in Chicago's Auburn Gresham neighborhood.
Where is this apartment building located?
The property is located at 1334-1344 W 83rd St Chicago, IL.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Value‑add and repositioning opportunity in Chicago's Auburn Gresham neighborhood.; 13‑unit apartment building totaling approximately 9,700 rentable square feet.; Currently 0% occupied, providing full execution control for renovation and lease‑up.
