Value-Add Multifamily Repositioning
8159 S Throop St, Chicago, IL 60620
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14-unit apartment building in Chicago's South Side / Auburn Gresham.
Type:Multifamily
Property size:
11,750 SFLot size:
0.12 AcresPrice / SF:
$8/SF- Added:
- May 22, 2026
- Days on Market:
- 7
- Last Refresh:
- May 27 at 8:13 am
Property Features for 8159 S Throop St
General Information
- Standard status
- Active
- Size
- 11,750 SF
- Lot size
- 0.12 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing agent Tyler Hague, LEED AP License #471009171
Listing office Colliers - Chicago Downtown, Illinois (312) 612-5944
Listing date May 22, 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
- 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.
- Partial occupancy: Provides in‑place income while allowing flexibility for phased repositioning.
- Established residential location: Near 79th and 83rd Street corridors, with proximity to multiple neighborhoods.
- Proximity to amenities: Close to Foster Park, Dan Ryan Woods, Major Taylor Trail, and the Dr. Martin Luther King Jr. Roller Skating and Bowling Center.
Overview
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6568929
- Latitude
- 41.7451435
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FAQs
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.
