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5338 S Kenneth Ave Chicago, IL 60632

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For Sale
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22-property multifamily portfolio across Chicago's South Side communities.

Type:Multifamily
Added:
Feb 18, 2026
Days on Market:
43
Last Refresh:
Mar 17 at 1:15 pm

Property Features for 5338 S Kenneth Ave

General Information

Standard status
Active
Property subtype
Multifamily

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Listing Contact
Tyler Hague, LEED AP

Listing agent Tyler Hague, LEED AP License #IL 471009171

Listing office Colliers - Chicago Downtown, Illinois

Listing date Feb 18, 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


Overview

Chicago Multifamily Portfolio for Sale

This multifamily portfolio features 22 properties located across nine established Chicago South Side communities, including Ashburn, Beverly, East Side, Hegewisch, Morgan Park, Scottsdale, West Elsdon, West Lawn, and Wrightwood. The portfolio consists of 21 multifamily buildings and one single-family residence converted to multifamily use, totaling 308 residential units and three commercial units. Constructed between 1917 and 1986, the buildings range from two- to five-story communities, along with one single-story bungalow residence, maintaining a consistent brick exterior construction. Property sizes average 14 units per building, with individual assets ranging from 6 to 33 units. The portfolio operates as affordable workforce housing, supported in part by HUD-backed rental income programs. The 311 units are approximately 95% occupied, with weighted average in-place rents of approximately $1,800 per unit. The Midway Corridor Cluster consists of four multifamily properties located just east of Chicago Midway International Airport within the West Elsdon and West Lawn neighborhoods. The properties were constructed between 1958 and 1986 and range in size from 6 to 12 units. The Midway Corridor Cluster benefits from proximity to Marquette Park and Marquette Park Golf Course, Lindblom Math and Science Academy, St. Bernard Hospital, and Ford City Mall. Residents also enjoy convenient access to dining options along nearby commercial corridors. West Elsdon is bounded by CTA rail lines to the north and east, W 59th Street to the south, and Midway Airport to the west. West Lawn lies directly south of West Elsden, bounded by W 59th Street to the north, CTA rail lines and Central Park Avenue to the east, rail infrastructure and the Ford City area to the south, and Cicero Avenue and Midway Airport to the west.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7345088
Latitude
41.7955122

FAQs

What type of property is this?
Apartment building - 22-property multifamily portfolio across Chicago's South Side communities.
Where is this apartment building located?
The property is located at 5338 S Kenneth Ave Chicago, IL.
What are key features of this property?
This property features: Large portfolio of 22 properties totaling 311 units, offering immediate scale and diversification.; High occupancy rate of approximately 95%, indicating strong tenant demand.; Portfolio operates as affordable workforce housing within designated Mobility Zones, supported by HUD‑backed rental income programs, ensuring stable income.
More about this property
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