5338 S Kenneth Ave, Chicago, IL 60632

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.