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Bronzeville Multifamily Investment Opportunity

619 E Groveland Park, Chicago, IL 60653

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For Sale

$1,200,000

MULTI_FAMILY - Chicago, IL

Property size:

5,697 SF

Price / SF:

$210/SF

HighLights

7‑unit multifamily investment in the gated, landmarked Groveland Park community in Chicago’s Bronzeville neighborhood
Approximately 5,697 SF total with unit mix of (3) 2‑bedroom + den/1‑bath units and (4) 1‑bedroom/1‑bath plus a garden unit
Brick construction, originally built in 1904
In‑place gross annual rental income of $127,800 ($10,650/month) plus $1,008 annual laundry income
Current NOI of $93,484 on approximately $30,171 annual operating expenses (24% expense ratio)
Includes a $50,000 renovation budget with projected rent growth to $13,200/month gross and pro forma NOI of $121,655

We can help!

Listing Contact

Anthony Hardy

For Sale

$1,200,000

MULTI_FAMILY - Chicago, IL

Property size:

5,697 SF

Price / SF:

$210/SF

Added:: Feb 19, 2026
Days on Market:: 122
Last Refresh:: Jun 21 at 7:06 am

Property Features for 619 E Groveland Park

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: MULTI
Bedrooms: 10
Bathrooms: 11
Rooms: Bedroom 7, Bathroom 6, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 11, Bathroom 9, Bathroom 7, Bathroom 8, Bedroom 10, Bedroom 8, Bathroom 3, Bedroom 2, Bathroom 5, Bedroom 1, Bathroom 10, Bedroom 9, Bathroom 4, Bathroom 2
Standard status: Active
APN: 17342190340000
Size: 5,697 SF

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 13510

Building Details

Year built: 1904
Floors in Building: 3
Number of units: 7
Building materials: Brick

We can help!

Listing Contact

Anthony Hardy

Listing agent Anthony Hardy License #475139834

Listing office Keller Williams ONEChicago 2211 N Elston Ave STE 400, Chicago, IL

Listing date Feb 19, 2026

MLS# 12573303 Listing URL

HighLights

7‑unit multifamily investment in the gated, landmarked Groveland Park community in Chicago’s Bronzeville neighborhood
Approximately 5,697 SF total with unit mix of (3) 2‑bedroom + den/1‑bath units and (4) 1‑bedroom/1‑bath plus a garden unit
Brick construction, originally built in 1904
In‑place gross annual rental income of $127,800 ($10,650/month) plus $1,008 annual laundry income
Current NOI of $93,484 on approximately $30,171 annual operating expenses (24% expense ratio)
Includes a $50,000 renovation budget with projected rent growth to $13,200/month gross and pro forma NOI of $121,655

Overview

Located within the gated, landmarked Groveland Park community in Chicago's Bronzeville neighborhood, this 7-unit multifamily property presents an investment opportunity in a supply-constrained submarket. Constructed in the early 1900s and revitalized, the property encompasses approximately 5,697 square feet. The unit mix features three 2-bedroom + den / 1-bath units and four 1-bedroom / 1-bath units, plus a garden unit. Unit sizes range from approximately 525-950 square feet, with the garden unit at approximately 650 square feet. The property generates $127,800 in gross annual rental income ($10,650/month). Factoring in a 4% vacancy assumption (-$5,152) and $1,008 in annual laundry income, the effective gross income totals approximately $123,656. Operating expenses are managed at approximately $30,171, resulting in a current NOI of $93,484. A $50,000 renovation budget supports potential rent growth from $10,650/month to $13,200/month. Under the pro forma scenario, effective gross income increases to approximately $153,032, with total expenses of approximately $31,377, producing a pro forma NOI of $121,655. The property is positioned at approximately $211 per square foot and $171,429 per unit. The property benefits from its setting within a gated historic park environment, offering residents a quiet, residential atmosphere while providing access to Lake Shore Drive, major employment centers, public transit, and continued investment activity throughout Bronzeville. This offering is suited for investors seeking in-place income with value-add upside and long-term appreciation fundamentals.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$167.5k	$29.40
− Vacancy	−$8.7k	−$1.53
EGI	$158.8k	$27.87
− OpEx	−$71.5k	−$12.54
NOI	$87.3k	$15.33

5,697 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,330 @ 7.0% cap · market cap 7.28%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.69M

$2.35M – $3.13M (±1% cap)

NOI $188,028 @ 7.0% cap · market cap 15.67%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.610619
Latitude: 41.833214

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For sale
Apartment buildings
IL
Chicago
60653
619 E Groveland Park

What type of property is this?

Apartment building - 7-unit multifamily property in Chicago's landmarked Groveland Park community.

Where is this apartment building located?

The property is located at 619 E Groveland Park Chicago, IL.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 7‑unit multifamily investment in the gated, landmarked Groveland Park community in Chicago’s Bronzeville neighborhood; Approximately 5,697 SF total with unit mix of (3) 2‑bedroom + den/1‑bath units and (4) 1‑bedroom/1‑bath plus a garden unit; Brick construction, originally built in 1904

619 E Groveland Park, Chicago, IL 60653

MULTI_FAMILY - Chicago, IL

Property Features for 619 E Groveland Park

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

West Town Corner Retail Space

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Convenience Store Retail Building with Parking

Chicago Commercial Buildings For Sale

Chicago Commercial Space for Sale

Fulton River District Commercial Loft

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