Chicago Multifamily Portfolio for
5338 S Kenneth Ave, Chicago, IL 60632
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22-property multifamily portfolio across Chicago's South Side communities.
Type:Multifamily
- Added:
- Feb 18, 2026
- Days on Market:
- 94
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 5338 S Kenneth Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agent Tyler Hague, LEED AP License #IL 471009171
Listing office Colliers - Chicago Downtown, Illinois (312) 612-5944
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
HighLights
- 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.
- Weighted average in‑place rents of approximately $1,800 per unit, demonstrating solid revenue generation.
- Located across nine established Chicago South Side communities, providing geographic diversification and access to various local economies.
- Mix of unit configurations and building sizes (6 to 33 units) provides flexibility in management and tenant base.
Overview
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
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7345088
- Latitude
- 41.7955122
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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.
