CHICAGO, ILLINOIS – Essex Realty Group, LLC is pleased to announce the successful sale of the Chicago Lawn Portfolio, a 68-unit, three-building multifamily portfolio located at 6321–31 S. California Avenue, 6355–57 S. California Avenue, and 6400 S. Fairfield Avenue in Chicago’s Chicago Lawn neighborhood. The portfolio sold to a local investment group on September 28, 2026, for $5,236,000, or $77,000 per unit. Essex Realty Group Directors Jesus Garcia and Joe Kahlhammer represented the seller in the transaction.
The Chicago Lawn Portfolio consists of three multifamily buildings situated within close proximity to one another, providing investors with operational efficiency and economies of scale. The portfolio includes a 31-unit building at 6321–31 S. California Avenue, an 18-unit building at 6355–57 S. California Avenue, and a 19-unit building at 6400 S. Fairfield Avenue.
The portfolio offers a diverse unit mix consisting of 12 studio apartments, 31 one-bedroom apartments, 18 two-bedroom apartments, and seven three-bedroom apartments. This range of apartment sizes accommodates a variety of household needs within the neighborhood.
“The portfolio’s scale and proximity offered an opportunity to acquire 68 units within a compact footprint, allowing for streamlined management across all three properties. We are pleased to have helped bring this transaction to a successful close and congratulate the Seller and Buyer,” said Jesus Garcia and Joe Kahlhammer.
The subject portfolio is located in the Chicago Lawn neighborhood on Chicago’s Southwest Side, a densely populated and well-established residential community known for its strong rental demand and accessibility. The properties are situated within close proximity to one another near the intersection of South California Avenue and West 63rd Street, a key commercial corridor offering a variety of neighborhood retail, dining, and essential services.
Chicago Lawn benefits from convenient transportation access, including multiple CTA bus routes along 63rd Street, Kedzie Avenue, and Western Avenue, as well as nearby access to major thoroughfares connecting to downtown Chicago and surrounding neighborhoods. The area is also within a short drive of Midway International Airport, one of the region’s primary transportation hubs.
Residents enjoy proximity to Marquette Park, a major recreational amenity offering green space, walking trails, sports facilities, and community programming. The neighborhood is characterized by a stable housing base, a mix of residential property types, and a strong presence of local businesses that support daily living needs.
Overall, Chicago Lawn offers investors a high-density, workforce housing submarket with consistent rental demand, convenient access to transportation and amenities, and a strong foundation for long-term occupancy and investment performance.