Value-Add Multifamily Repositioning
For Sale
Contact for pricing
Pending
8159 S Throop St, Chicago, IL 60620
14-unit apartment building in Chicago's South Side / Auburn Gresham.
Property Size11,750 SF
Lot Size0.12 Acres
Days on Market99
Property Features for 8159 S Throop St
General Information
Standard status
Pending
Size
11,750 SF
Lot size
0.12 Acres
Property subtype
Multifamily
Zoning
RS-3 (W. 82nd and 83rd Street addresses) and RM-5
Occupancy
50%
Building Details
Year Built
1925
Buildings
1
Stories
3
Units
14
Tenancy
Multi
Listing Agency:
Colliers - Chicago Downtown, Illinois
(312) 612-5944
Listed By:
Tyler Hague, LEED AP · License #471009171
Source:
Crexi
Added: May 22
Changed: Aug 8
Last Checked: Jul 25 at 10:32AM
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
Investment Insights
Based on property information with market context.
Located in Chicago’s South Side / Auburn Gresham market, 8159 S Throop Street is a 14-unit apartment building totaling approximately 11,750 square feet on a 0.12-acre site. Constructed in 1925, the property is currently listed at 50% occupancy. The asset offers investors the opportunity to create value through renovation, improved operations, and lease-up of vacant units. The property is being offered through a non-contingent auction process, with bidding scheduled to begin July 13, 2026. The current partial occupancy provides potential in-place income while maintaining flexibility for investors to implement a phased repositioning plan and improve overall asset performance. The existing building scale, established residential location, and partial occupancy profile create a practical foundation for a value-add strategy focused on renovation, lease-up, and long-term cash flow creation. The property benefits from its location in Auburn Gresham near the 79th and 83rd Street corridors, with proximity to Gresham, Chatham, Beverly, Ashburn, and Greater Grand Crossing. Nearby neighborhood amenities include Foster Park, Dan Ryan Woods, Major Taylor Trail, and the Dr. Martin Luther King Jr. Roller Skating and Bowling Center. These South Side recreation and community assets help support renter demand and reinforce the property’s long-term residential repositioning potential.
Key Highlights
- Value‑add opportunity: Repositioning potential through renovation and lease‑up of vacant units.
- 14‑unit multifamily building in Chicago's South Side / Auburn Gresham market.
- Discounted acquisition: Offered through a non‑contingent auction with a starting bid of $150,000.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Explore this area
Business Placement
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 14-unit apartment building in Chicago's South Side / Auburn Gresham.
Where is this apartment building located?
The property is located at 8159 S Throop St Chicago, IL.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Value‑add opportunity: Repositioning potential through renovation and lease‑up of vacant units.; 14‑unit multifamily building in Chicago's South Side / Auburn Gresham market.; Discounted acquisition: Offered through a non‑contingent auction with a starting bid of $150,000.
