22-Property Portfolio | South Chicago

Colliers is pleased to present a multifamily opportunity to acquire a 22-property portfolio located across nine established Chicago South Side communities, including Ashburn, Beverly, East Side, Hegewisch, Morgan Park, Scottsdale, West Elsdon, West Lawn, and Wrightwood.

The Portfolio operates as affordable workforce housing, with all properties located within designated Mobility Zones and supported in part by HUD-backed rental income programs. The Portfolio totals 311 units and is currently approximately 95% occupied, with weighted average in-place rents of approximately $1,800 per unit,based on current operations.

The Portfolio consists of 21 multifamily buildings and one single-family residence converted to multifamily use, totaling 308 residential units and three commercial units. Property sizes average 14 units per building, with individual assets ranging from 6 to 33 units, providing diversification across building scale and unit configurations.

Constructed between 1917 and 1986, the buildings represent a range of architectural vintages while maintaining a consistent brick exterior construction across the portfolio. Building stories range from two-to-five-story communities, along with one single-story bungalow residence, offering a cohesive physical profile well-aligned with the surrounding neighborhood housing stock.

The Portfolio is organized into four primary neighborhood clusters:   

 • Midway Corridor Cluster: Four properties located east of Chicago Midway Airport within the West Elsdon and West Lawn neighborhoods.

• Southwest Chicago Cluster: Four properties located south of Midway Airport near the W 79th Street corridor, encompassing Ashburn, Scottsdale, and Wrightwood.

• Core Portfolio Cluster: Twelve properties located south of W 95th Street and west of Interstate 57, within the Beverly and Morgan Park neighborhoods.

• Southeast Chicago Cluster: Two properties located near Lake Michigan and the Indiana state border, within the East Side and Hegewisch neighborhoods.

Diversified South Chicago exposure supported by durable workforce demand and HUD-backed income stability.