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

Highlights:

• 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.
• Steps From Two Major South Side Hospitals: Jackson Park and South Shore Hospitals sit nearby, totaling 393 patient beds combined.
• Dense, Established South Side Retail Node: Jewel-Osco, Aldi, and Family Dollar anchor the retail corridor along E 79th Street here.

Description:

For more information visit:
https://rimarketplace.com/auction/3400/multifamily/chicago/il?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=october21_2026&utm_content=multifamily_3400


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.


Location
Located at 7905 S Greenwood Ave in Chicago's South Shore neighborhood, near S Greenwood Ave and E 79th St, the property sits one block from the 79th Street (Chatham) Metra station, with access to I-90/94 (35,100 CPD) and CTA bus service. Major employers UChicago Medicine and the University of Chicago are minutes away, with the Loop roughly 10 miles north.


Bidding Opens
Oct 20 12:00 AM
Bidding Closes
Oct 22 12:00 AM

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