Auburn Gresham Multifamily Value-Add
1434-1444 W 83rd St, Chicago, IL 60620
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13-unit apartment building in Chicago's Auburn Gresham neighborhood.
Type:Multifamily
Property size:
9,325 SFPrice / SF:
$10/SF- Added:
- May 22, 2026
- Days on Market:
- 8
- Last Refresh:
- May 27 at 8:13 am
Property Features for 1434-1444 W 83rd St
General Information
- Standard status
- Active
- Size
- 9,325 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing agent Tyler Hague, LEED AP License #471009171
Listing office Colliers - Chicago Downtown, Illinois (312) 612-5944
Listing date May 22, 2026
Source Crexi
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
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.
- Existing scale, established residential setting, and partial occupancy provide a foundation for a value‑add strategy focused on renovation, stabilization, and long‑term income generation.
- Located near neighborhood‑serving retail, public transit, schools, and parks.
- Proximity to amenities like Dan Ryan Woods, Foster Park, and the Dr. Martin Luther King Jr. Roller Skating and Bowling Center.
Overview
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6598557
- Latitude
- 41.7432781
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FAQs
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.
