For Auction
Greenwood Apartments | $68.9K NOI, Lease-Up Upside
Chicago, IL 60619Represented by
Landmark Commercial Real Estate
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Landmark Commercial Real Estate Services and powered by RealINSIGHT Marketplace, Greenwood Apartments at 7905 S Greenwood Ave, Chicago, IL is a 14-unit, 16,275 SF multifamily asset on 0.27 acres in the city's South Shore submarket. The property is largely leased today, with two vacant two-bedroom units offering a clear, capital-light path to fuller occupancy, and further upside available as in-place rents move toward stabilized market levels over the coming years. Situated on S Greenwood Ave near E 79th Street, the asset sits within a mile of Jackson Park Hospital & Medical Center and South Shore Hospital, combining for 393 beds, and blocks from a dense retail corridor anchored by Jewel-Osco, Aldi, Family Dollar, and Dollar Tree. The trade area supports a 2025 estimated population of over 39,000 within one mile and 554,000 within five miles, with average household incomes ranging from roughly $65,000 to $83,000 across the radius. Zoned RS-3, the asset benefits from Chicago's diversified, 9-million-person regional economy and extensive transit and expressway access via I-90/94, Lake Shore Drive, and CTA rail and bus lines, positioning this South Side infill property for durable, long-term rental demand.
Due Diligence
Location
Located at 7905 S Greenwood Ave in Chicago's South Shore neighborhood, near S Greenwood Ave and E 79th St, the property sits one block from the 79th Street (Chatham) Metra station, with access to I-90/94 (35,100 CPD) and CTA bus service. Major employers UChicago Medicine and the University of Chicago are minutes away, with the Loop roughly 10 miles north.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
