Bridgeport Portfolio Offers Rare Opportunity to Scale Up

A four-property mixed-use portfolio in the South Side’s Bridgeport neighborhood has been listed for sale by Essex Realty Group. The properties are being offered individually or as a portfolio. The listing price for the 30-unit portfolio is $5,950,000.

“Bridgeport is a neighborhood with historically low velocity,” said Essex Realty’s Clay Maxfield, who is marketing the portfolio with colleagues Doug Imber and Kate Varde. “Often times investors will buy one or two six-flats at a time; taking many years to acquire 30 plus units. The Bridgeport Collection offers investors the rare opportunity to acquire four centrally-located properties and thus creating immediate scale.”

The 100% occupied portfolio is comprised of one studio, six one-bed/one-bath, 18 two-bed/one-bath, one three-bed/one-bath and three three-bed/two-bath apartments, along with 1,200 square feet of retail space. The portfolio also includes five outdoor parking spaces and three garage parking spaces.