Auburn Gresham Multifamily Value-Add
For Sale
Contact for pricing
Pending
1434-1444 W 83rd St, Chicago, IL 60620
13-unit apartment building in Chicago's Auburn Gresham neighborhood.
Property Size9,325 SF
Days on Market100
Property Features for 1434-1444 W 83rd St
General Information
Standard status
Pending
Size
9,325 SF
Property subtype
Multifamily
Zoning
RS-3 (W. 82nd and 83rd Street addresses) and RM-5
Occupancy
50%
Building Details
Year Built
1925
Buildings
1
Stories
3
Units
13
Tenancy
Multi
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 4:54PM
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, the property at 1434-1444 W 83rd Street is a 13-unit apartment building totaling approximately 9,325 rentable square feet. The building was constructed in 1925. The average unit size is approximately 717 square feet. Currently 50% occupied, the asset presents a value-add and repositioning opportunity. The existing occupancy profile allows investors to address deferred maintenance, renovate vacant or underperforming units, and reposition the property for improved occupancy and cash flow. The building's scale, established residential setting, and partial occupancy provide a foundation for a value-add strategy focused on renovation, stabilization, and long-term income generation. The property is located along the W 83rd Street corridor in Auburn Gresham, near Gresham, Chatham, Beverly, Ashburn, and Greater Grand Crossing. The surrounding area offers access to neighborhood-serving retail, public transit corridors, schools, parks, and South Side recreation assets. Nearby amenities include Dan Ryan Woods, Foster Park, Major Taylor Trail, and the Dr. Martin Luther King Jr. Roller Skating and Bowling Center.
Key Highlights
- Value‑add and repositioning opportunity in Chicago's Auburn Gresham neighborhood.
- 13‑unit apartment building (approximately 9,325 rentable square feet) with 50% occupancy, allowing for immediate renovation and lease‑up potential.
- Acquire a multifamily asset at an attractive basis with operational and physical upside.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,152
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 1434-1444 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 (approximately 9,325 rentable square feet) with 50% occupancy, allowing for immediate renovation and lease‑up potential.; Acquire a multifamily asset at an attractive basis with operational and physical upside.
