Essex Realty Group, LLC is pleased to present the opportunity to acquire a six-unit multifamily property located in the heart of Bronzeville, one of Chicago’s most historic and rapidly evolving neighborhoods. Comprised of exceptionally large apartment layouts, the property features two four-bedroom units and four five-bedroom units, a unit mix that is increasingly difficult to replicate in today’s development environment and rarely offered for sale.

The asset presents a compelling value-add opportunity through interior renovations and strategic unit reconfiguration. Given the substantial unit sizes, investors have the ability to modernize the apartments while potentially adding additional bathrooms, creating more desirable three-bedroom/two-bathroom and four-bedroom/two-bathroom layouts that align with current renter preferences. Current rents remain significantly below market, providing investors with a clear path to increasing revenue through a targeted renovation program.

Bronzeville continues to benefit from significant public and private investment throughout Chicago’s South Side. Rich in architectural character and cultural history, the neighborhood has emerged as one of the city’s most sought-after multifamily investment markets. The property’s location offers convenient access to Downtown Chicago, Hyde Park, Kenwood, the University of Chicago, and the lakefront. Additionally, the highly anticipated Obama Presidential Center is scheduled to open in nearby Jackson Park on Juneteenth 2026, further enhancing the area’s long-term residential and economic growth trajectory.

At an asking price of $960,000, investors have the opportunity to acquire the asset at approximately $160,000 per unit. With a projected renovation budget of approximately $30,000 per unit, the property offers an attractive all-in basis of roughly $190,000 per unit. The combination of oversized floor plans, below-market rents, and the potential to improve unit functionality through the addition of bathrooms creates a compelling value-add opportunity. Following renovations, investors can reposition the asset to better compete with newer housing stock while capitalizing on the strong demand for large apartment units throughout Bronzeville and Chicago’s South Side.

This offering represents a rare opportunity to acquire an irreplaceable Bronzeville multifamily asset featuring oversized apartment layouts, government-backed income, significant rental upside, and a compelling value-add strategy in one of Chicago’s most dynamic and supply-constrained neighborhoods.

Located just minutes south of Downtown Chicago, Bronzeville is one of Chicago’s most historic and rapidly evolving neighborhoods. Known for its rich architectural character, historic greystone housing stock, and cultural significance, Bronzeville has become one of the city’s most attractive multifamily investment markets. The neighborhood continues to benefit from ongoing public and private investment, new residential development, and growing renter demand driven by its central location and strong community identity.

Bronzeville offers residents convenient access to Downtown Chicago, Lake Shore Drive, Interstate 90/94, multiple CTA Green Line and Red Line stations, and Chicago’s lakefront. Its strategic location provides connectivity to major employment and educational hubs, including the University of Chicago, Illinois Institute of Technology, and Chicago’s central business district.

Bronzeville is positioned near several major economic catalysts, including the University of Chicago, the Obama Presidential Center, and The 78, Chicago’s planned 62-acre mixed-use development that will further expand the city’s downtown footprint and strengthen connectivity between the South Loop and surrounding South Side neighborhoods. Supported by strong rental demand, ongoing redevelopment activity, and limited inventory of comparable multifamily properties, Bronzeville continues to establish itself as one of Chicago’s premier investment markets. Its combination of historic character, accessibility, and long-term growth drivers makes it a compelling destination for multifamily investors seeking exposure to one of Chicago’s most dynamic neighborhoods.

• Rare Six-Unit Multifamily Opportunity
• Highly Desirable Oversized Unit Mix
• Compelling Value-Add Execution
• Significant Rental Upside
• High Rental Demand
• Catalyst from Obama Presidential Center