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32304726
32304745

4 Locations

MT
IL 471022713
Frontline Real Estate Partners
ZP
IL IL 475168541
Frontline Real Estate Partners
AR
IL 475156642
Frontline Real Estate Partners
AS
IL 475215824
Frontline Real Estate Partners
AP
IL 475181270
Frontline Real Estate Partners
Listed by Frontline Real Estate Partners
$1,000,000
51 days on market
Updated 47 days ago

Greater Chatham Portfolio

Details
APN 20-34-104-008; 20-27-224-010; 20-34-103-007; 20-34-231-015
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 81,168
Units 114
Buildings 4
Acreage 1.320
Zoning B3-2, RS-3
Investment Type Value Add

Multifamily | 114 Units

Marketing description

The Greater Chatham Portfolio consists of four (4) mixed-use and multi-family assets totaling 97 residential and 17 retail units across 81,168 square feet in Chicago's Chatham and Greater Grand Crossing neighborhoods. The portfolio includes 8249-59 S. Evans Avenue, 7908 S. Prairie Avenue, 319-25 E. 79th Street, and 7431-37 S. King Drive featuring 32 studio units, 62 1 bed units, and 3 2 bed units. Collectively, the portfolio offers upside through additional lease-up and operational efficiencies. The Properties feature a diverse mix of ground-floor retail storefronts and upper-level apartment units positioned along established South Side commercial corridors. The portfolio benefits from strong neighborhood visibility, a dense surrounding population base, and proximity to major arterials including 79th Street, Cottage Grove Avenue, and the Dan Ryan Expressway—making it a compelling value-add opportunity within a strengthening South Side rental market.

The Greater Chatham Portfolio is strategically positioned across the Chatham and Greater Grand Crossing neighborhoods on Chicago’s South Side, with properties located along 79th Street, South Evans Avenue, South Prairie Avenue, and South King Drive. Together, these sites offer excellent visibility and accessibility within a densely populated residential corridor featuring a population exceeding 36,000 residents and an average household income of approximately $53,000 within one (1) mile. Each property benefits from convenient proximity to major transportation routes, situated less than a half mile east of Interstate-94 (I-94) and approximately 1.5 miles west of Interstate-90 (I-90), as well as close access to the Avalon Park and Grand Crossing Metra Stations. The portfolio is surrounded by numerous national and local retailers including Aldi, Jewel-Osco, Walgreens, Home Depot, Lowe’s, Nike, McDonald’s, Chipotle, Family Dollar, and Dunkin’, among others, providing strong neighborhood amenities and demand drivers.

The Chatham and Greater Grand Crossing submarkets are experiencing renewed investment activity and sustained rental demand, supported by the area’s affordability, strong transit infrastructure, and steady population density. These established South Side neighborhoods continue to attract both local and regional investors seeking value-add multifamily and mixed-use opportunities with strong cash-flow potential. Ongoing public and private investment initiatives, including corridor beautification projects and retail revitalization along 79th Street and Cottage Grove Avenue, have further strengthened the market’s appeal. With close access to major employment centers, schools, and retail corridors, this portfolio is well positioned to benefit from the continued economic stabilization and growth of Chicago’s South Side rental market.

Investment highlights

  • Four-Building Portfolio: Includes 8249-8259 S. Evans Avenue, 7908 S. Prairie Avenue, 319-325 E. 79th Street, and 7431-7437 S. King Drive
  • Diverse Unit Mix: Combination of 97 residential apartments and 17 retail spaces
  • Value-Add Opportunity: Potential to enhance returns through unit renovations, lease-up and operational efficiencies across the portfolio
  • 319-25 E 79th Street:-
  • Building Size: 13,700 SF
  • Residential Units: 16
  • Residential Occupancy: 0%
  • Retail Units: 4
  • Lot Size: 0.26 Acres
  • Year Built: 1926
  • Zoning: B3-2
  • APN: 20-34-104-008
  • 7431-47 S King Drive:-
  • Building Size: 17,388 SF
  • Residential Units: 25
  • Residential Occupancy: 44%
  • Retail Units: N/A
  • Lot Size: 0.51 Acres
  • Year Built: 1924
  • Zoning: RS-3
  • APN: 20-27-224-010
  • 7908 S Prairie Avenue:-
  • Building Size: 27,190 SF
  • Residential Units: 31
  • Residential Occupancy: 23%
  • Retail Units: 8
  • Lot Size: 0.26 Acres
  • Year Built: 1928
  • Zoning: B3-2
  • APN: 20-34-103-007
  • 8249-59 S Evans Avenue
  • Building Size: 22,890 SF
  • Residential Units: 25
  • Residential Occupancy: 32%
  • Retail Units: 5
  • Lot Size: 0.29 Acres
  • Year Built: 1927
  • Zoning: B3-2
  • APN: 20-34-231-015

Listing Contacts

MT
IL 471022713
Frontline Real Estate Partners
ZP
IL IL 475168541
Frontline Real Estate Partners
AR
IL 475156642
Frontline Real Estate Partners
AS
IL 475215824
Frontline Real Estate Partners
AP
IL 475181270
Frontline Real Estate Partners
Listed by Frontline Real Estate Partners

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Zoning

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B3-2 CommercialRetail CommercialCommunity Shopping District
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Matthew Tarshis
License
471022713
Brokerage
Frontline Real Estate Partners LLC
Name
Zack Pearlstein
License
IL 475168541
Brokerage
Frontline Real Estate Partners
Brokerage Phone
8472756106
Title
Senior Vice President
Name
Andrew Rubin
License
475156642
Brokerage
Frontline Real Estate Partners LLC
Name
Andrew Slovis
License
475215824
Brokerage
Frontline Real Estate Partners LLC
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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