8159 S Throop St Chicago, IL 60620

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.