Essex Realty Group, LLC has been exclusively engaged to market for sale a fully renovated, 24-unit multifamily portfolio consisting of three properties located in Chicago’s East Garfield Park neighborhood: 20 S. Hamlin Ave., 4114-16 W. West End Ave., and 530 N. Hamlin Ave. Each property underwent a complete and consistent gut renovation in 2021, transforming the buildings into high-quality, low-maintenance, turn-key investment assets.

Each unit was completely updated with new electrical, plumbing, and HVAC systems. Interior finishes include GE stainless steel appliances, in-unit washer/dryers, porcelain and luxury vinyl tile (LVT) flooring, and open, functional layouts. The portfolio offers a mix of one, two, and three-bedroom units, with 4114-16 W. West End Ave. and 20 S. Hamlin Ave. also featuring onsite parking.

An investor has the opportunity to assume the existing financing, which consists of a fixed-rate loan at 4.95% with a maturity date of August 2032. This below-market interest rate offers a new owner the opportunity to secure long-term fixed debt, resulting in significantly above-market cash flows and overall investment returns.

This offering presents investors with a rare opportunity to acquire three fully renovated, stabilized multifamily assets with immediate in-place cash flow and minimal future capital requirements. Ideally located just four miles west of downtown Chicago, East Garfield Park offers excellent connectivity via the CTA Green and Blue Lines, multiple bus routes, and I-290. The properties are positioned near the Illinois Medical District and the rapidly growing West Loop and Fulton Market neighborhoods, making this an exceptional opportunity to invest in one of Chicago’s most dynamic and evolving submarkets.

Located just four miles west of Chicago’s Central Business District, East Garfield Park is a historic neighborhood known for its architectural character, rich green spaces, and unmatched access to public transit. The area is anchored by Garfield Park and the Garfield Park Conservatory—one of the largest botanical conservatories in the country.

Bounded by Franklin Boulevard to the north, Pulaski Road to the west, Sacramento Boulevard to the east, and the Eisenhower Expressway to the south, East Garfield Park offers convenient access to the Loop via the CTA Green and Blue Lines, multiple bus routes, and I-290. Its proximity to the Illinois Medical District, West Loop, and Fulton Market positions the neighborhood as a key corridor of West Side growth.

In recent years, East Garfield Park has seen a surge in redevelopment and investment activity. With an increasing number of renovated buildings, affordable housing stock, and a growing population of artists, families, and professionals, the neighborhood is poised for long-term appreciation and revitalization.

• Assumable Debt at 4.95% Interest, Fixed Through August 2032
• Significantly Reduced Property Taxes for Up to 30 Years Through AHSAP
• Complete Gut Renovations in 2021, Featuring Consistent, High-Quality Finishes and Building Systems Across All Three Buildings
• Close Proximity to The 1901 Project, the $7B+ Redevelopment of the United Center District
• Current / Stabilized Cash-on-Cash: 11.60% / 19.08%