Greenwood Apartments | $68.9K NOI, Lease-Up Upside

Starting Bid $200,000

Brokered by Landmark Commercial Real Estate Services and powered by RealINSIGHT Marketplace, Greenwood Apartments at 7905 S Greenwood Ave, Chicago, IL is a 14-unit, 16,275 SF multifamily asset on 0.27 acres in the city's South Shore submarket. The property is largely leased today, with two vacant two-bedroom units offering a clear, capital-light path to fuller occupancy, and further upside available as in-place rents move toward stabilized market levels over the coming years. Situated on S Greenwood Ave near E 79th Street, the asset sits within a mile of Jackson Park Hospital & Medical Center and South Shore Hospital, combining for 393 beds, and blocks from a dense retail corridor anchored by Jewel-Osco, Aldi, Family Dollar, and Dollar Tree. The trade area supports a 2025 estimated population of over 39,000 within one mile and 554,000 within five miles, with average household incomes ranging from roughly $65,000 to $83,000 across the radius. Zoned RS-3, the asset benefits from Chicago's diversified, 9-million-person regional economy and extensive transit and expressway access via I-90/94, Lake Shore Drive, and CTA rail and bus lines, positioning this South Side infill property for durable, long-term rental demand.

14-Unit Multifamily Asset, Largely Leased: Two vacant two-bedroom units offer a capital-light path toward fuller stabilized occupancy.

Near Two Hospitals Totaling 393 Beds: Jackson Park and South Shore Hospital combine for meaningful healthcare demand nearby.

554,000 Residents Within Five Miles: Household incomes range from roughly $65,000 to $83,000 across the surrounding radius.

Transit-Rich South Shore Chicago Location: I-90/94, Lake Shore Drive, and CTA rail and bus lines all serve this South Side corridor.

Auctioneer: Scott Bowers

Auctioneer License: 040000273

Auctioneer Company: Fisher Auction Company Inc.