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    6424 & 6440 S Ellis Ave 6517 S University Ave & 6537 S Drexel Ave, Chicago, IL 60637

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    Four multi-family properties totaling 24 units in Chicago's Woodlawn neighborhood.

    Type:Multifamily
    Property size:
    35,080 SF
    Added:
    Mar 6, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 5 at 8:54 pm

    Property Features for 6424 & 6440 S Ellis Ave 6517 S University Ave & 6537 S Drexel Ave

    General Information

    Standard status
    Active
    Size
    35,080 SF
    Property subtype
    Multifamily

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    Listing Contact
    Matthew Tarshis
    Matthew Tarshis

    Listing agent Matthew Tarshis License ##475.156642

    Listing office Frontline Real Estate Partners, LLC

    Listing date Mar 6, 2026

    Source Frontlinerepartners

    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 Frontline Real Estate Partners, LLC

    HighLights

    • Value‑add opportunity through strategic capital improvements, professionalized management, and lease‑up.
    • Located in Woodlawn, a rapidly appreciating and supply‑constrained rental market.
    • Prime location near the University of Chicago, the Obama Presidential Center, and Jackson Park.
    • Exceptional connectivity to transportation arteries, including I‑94, I‑90, CTA Green Line, and Metra.
    • Portfolio of four multi‑family properties totaling 24 residential units.
    • High‑demand residential corridor with a dense population of 36,000 residents.

    Overview

    This offering features a portfolio of four multi-family properties, totaling 24 residential units across 35,080 square feet, located in Chicago's Woodlawn neighborhood. The properties are situated at 6424 & 6440 S Ellis Ave, 6517 S. University Ave, and 6537 S. Drexel Ave. The portfolio benefits from exceptional neighborhood visibility and is anchored by a dense population of students, faculty, and medical professionals. The properties are strategically positioned within Woodlawn’s most active residential pocket. The portfolio offers significant upside through strategic capital improvements, professionalized management, and lease-up. The location provides immediate proximity to major arterials, including 63rd Street, Cottage Grove Avenue, and Lake Shore Drive, and is just blocks from the CTA Green Line and University of Chicago south campus. The Woodlawn Residential Portfolio is strategically situated in the heart of Chicago’s South Side, featuring a prime cluster of properties. This portfolio benefits from a dense local population of 36,000 residents and an average household income of $49,000. Each site is located within walking distance of the University of Chicago campus, the Obama Presidential Center, Jackson Park, and Hyde Park, all within three miles, driving consistent demand for high-quality housing in the area. Each property benefits from exceptional connectivity to Chicago’s primary transportation arteries, situated approximately less than one mile east of the interchange of Interstate-94 (I-94) and Interstate-90 (I-90), as well as close walking access to CTA Green Line (Cottage Grove) and Ashland/63rd Station Metra Station. The portfolio is surrounded by Walmart, Lowe's, Home Depot, Jewel-Osco, Aldi, Trader Joe's, McDonald's, Wendy's, and Dunkin' among others, providing strong neighborhood amenities to the local community. The properties consist of a mix of assets.
    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 Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6032
    Latitude
    41.7779

    FAQs

    What type of property is this?
    Apartment building - Four multi-family properties totaling 24 units in Chicago's Woodlawn neighborhood.
    Where is this apartment building located?
    The property is located at 6424 & 6440 S Ellis Ave 6517 S University Ave & 6537 S Drexel Ave Chicago, IL.
    What are key features of this property?
    This property features: Value‑add opportunity through strategic capital improvements, professionalized management, and lease‑up.; Located in Woodlawn, a rapidly appreciating and supply‑constrained rental market.; Prime location near the University of Chicago, the Obama Presidential Center, and Jackson Park.
    More about this property
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