Essex Realty Group, LLC is pleased to present the opportunity to acquire a 22-unit multifamily property located in the Auburn Gresham neighborhood of Chicago’s South Side. The property features a desirable mix of one-, two-, and three-bedroom apartments and is currently 100% occupied, offering investors immediate cash flow at an attractive 10.3% in-place cap rate. Approximately 45% of the tenancy is subsidized, providing a stable income stream while maintaining meaningful exposure to market-rate rental growth.

The property has benefited from recent capital improvements, including renovated units, upgraded electrical service, and continued plumbing improvements. Located on a residential block comprised primarily of single-family homes, the asset offers a desirable neighborhood setting while remaining well-positioned to benefit from Auburn Gresham’s strong multifamily investment fundamentals. With conservative rent upside and limited near-term capital expenditure requirements, the offering presents an opportunity to acquire a stabilized investment with durable cash flow and long-term appreciation potential.

The subject property is located in the Auburn Gresham neighborhood on Chicago’s South Side, a well-established residential community known for its stable rental demand, affordable housing stock, and active multifamily investment market. Situated along the 7700 block of South Laflin Street, the property benefits from a predominantly single-family residential setting while remaining within close proximity to neighborhood retail, schools, parks, and everyday conveniences.

Auburn Gresham offers excellent connectivity through major transportation corridors including 79th Street, Ashland Avenue, and Western Avenue. Residents enjoy convenient access to multiple CTA bus routes, nearby Metra service, and the planned CTA Red Line Extension, a transformative infrastructure investment expected to further enhance connectivity and support long-term neighborhood growth.

Driven by affordability, accessibility, and a diverse housing stock, Auburn Gresham continues to attract both residents and investors seeking stable cash-flowing assets with long-term appreciation potential. Supported by ongoing public and private investment, strong rental demand, and a growing institutional presence, the neighborhood remains one of Chicago’s most active and compelling multifamily investment submarkets.

• 22-Unit Multifamily Asset with a diverse unit mix: 8x 1Bd/1Ba | 10x 2Bd/1Ba | 4x 3Bd/1Ba
• 100% Occupied with strong in-place income
• Attractive 10.3% in-place cap rate with a projected 11.6% stabilized cap rate
• Strong investor returns with a projected 20.3% in-place and 26.5% stabilized cash-on-cash return
• Renovated Units enhancing tenant appeal and rental growth potential
• Major Capital Improvements: 1,200-amp electrical service upgrade
• Boiler Building with centralized heating system