Lender Sale: Greenwood Apartments | $68.9K NOI, Lease-Up

Starting Bid: $200,000

Auctioneer: Scott Bowers

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: 040000273

• 14-Unit Value-Add Asset: 16,275-SF building on 0.27 acres offers a mix of two-, one-, and three-bedroom units.

• Majority-Leased With Embedded Upside: Most units are occupied today, with two vacant two-bed units offering lease-up upside.

• Clear Path Toward Full Stabilization: Lease-up of the remaining vacant units plus market rent growth drive income higher over time.

• Single-Parcel Asset, Simple To Manage: Fourteen units sit on one tax parcel, simplifying ownership and future repositioning plans.

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.

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