Receivership Sale: Greater Chatham Portfolio | 97-Unit Multifamily & 17 Retail Storefronts

319-25 E 79th Street, 7431-47 S King Drive, 7908 S Prairie Avenue, 8249-59 S Evans Avenue - Chicago, IL 60619

Year Built 1924-1928

Starting Bid $1,000,000

Auctioneer: Scott Bowers

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: 40000273

• Four-Building, 114-Unit Portfolio Sale: 97 residential and 17 retail units across 81,168 SF in Chatham and Greater Grand Crossing.
• 25.77% Occupied — Major Lease-Up Upside: Low occupancy creates a clear path to value through renovations, lease-up, and stabilization.
• Mixed-Use with 17 Retail Storefronts: Ground-floor retail across three buildings adds income diversity and strengthens street presence.
• 1920s Vintage Brick on 1.32 Total Acres: Four buildings from 1924–1928 with B3-2 and RS-3 zoning supporting broad commercial flexibility.
• Adjacent to I-94 and I-90 Expressways: Under half a mile to I-94 and 1.5 miles to I-90, with Metra at Avalon Park and Grand Crossing.
• 36,000+ Residents Within One-Mile Ring: Dense South Side population base with average household incomes exceeding $60,000 within one mile.

RealINSIGHT Marketplace, in partnership with Frontline Real Estate Partners, is pleased to present the Greater Chatham Portfolio, a four-building, 114-unit mixed-use and multifamily portfolio offered through receivership sale in Chicago's Chatham and Greater Grand Crossing neighborhoods. The portfolio comprises 319-25 E 79th Street, 7431-47 S King Drive, 7908 S Prairie Avenue, and 8249-59 S Evans Avenue, totaling 81,168 SF across 1.32 acres with 97 residential units and 17 ground-floor retail storefronts. The residential unit mix includes 32 studios, 62 one-bedroom units, and three two-bedroom units, built between 1924 and 1928. Currently 25.77% occupied on the residential side, the portfolio presents significant value-add upside through unit renovations, lease-up, and operational efficiencies across all four assets. Positioned along established South Side commercial corridors near 79th Street, Cottage Grove Avenue, and the Dan Ryan Expressway, the properties benefit from strong neighborhood visibility and a dense surrounding population base exceeding 36,000 residents within one mile. Ongoing public and private investment along 79th Street and Cottage Grove Avenue continues to strengthen the submarket's appeal for value-add multifamily and mixed-use capital.