Chi - Auburn Gresham Real Estate

Chi - Auburn Gresham Real Estate

Welcome to Auburn Gresham, a vibrant neighborhood nestled on the South Side of Chicago, Illinois. Known for its rich history and strong sense of community, Auburn Gresham is a place where tradition meets progress, making it an ideal spot for families, young professionals, and anyone looking to immerse themselves in a welcoming environment.

Auburn Gresham boasts a diverse array of architectural styles, from classic Chicago bungalows to charming two-flats, reflecting its storied past. The neighborhood is characterized by tree-lined streets and beautifully maintained parks, such as the beloved Auburn Park, which offers ample green space for picnics, sports, and leisurely strolls. Residents take pride in their community, often coming together for local events, farmers' markets, and neighborhood clean-ups that foster a strong sense of belonging.

Culturally rich and historically significant, Auburn Gresham is home to a variety of local businesses, offering everything from delicious eateries to unique shops. The neighborhood is also conveniently located near public transportation, making it easy to access downtown Chicago and other surrounding areas.

Education is a priority in Auburn Gresham, with several reputable schools and educational programs available to residents. The community is committed to providing opportunities for growth and development, ensuring that families have access to quality resources.

Whether you're exploring the local art scene, enjoying a meal at a family-owned restaurant, or taking part in community activities, Auburn Gresham is a neighborhood that embodies the spirit of Chicago. Come discover the warmth and charm of Auburn Gresham, where every street tells a story and every resident is a part of the tapestry that makes this community truly special.

Newest Listings in Chi - Auburn Gresham

$799,900
12763752 MLS NEW Status
UNRIVALED 25-UNIT VALUE-ADD OPPORTUNITY IN THE HEART OF AUBURN GRESHAM Strike while the market is hot with this massive brick mixed-use powerhouse located at 1206-1210 W 83rd St. Positioned as the most competitive investment in the 60620 zip code, this asset is priced for a high-octane liquidation at just $799,000. This is a rare chance to secure a scale-level project at approximately $32,000 per door in a submarket that has seen a 21.7% year-over-year increase in median listing prices. The heavy lifting on capital expenditures has already been initiated with five units completely transformed into designer showcases. These renovated units feature sleek shaker cabinetry paired with premium white quartz countertops and a full suite of stainless steel appliances. The aesthetics are elevated by modern porcelain tile in the bathrooms, sophisticated matte black fixtures, and a mix of luxury vinyl plank and meticulously refinished original hardwoods. Throughout the building, new vinyl windows provide immediate energy efficiency and long-term cost savings. Operating at 55% occupancy, this property offers an immediate lease-up upside at 2026 market rates. The five high-visibility storefronts under flexible B3-2 zoning provide a versatile commercial engine or potential for residential conversion. Furthermore, the bottom line is set for a massive boost with property taxes projected to drop from $29,000 to low teens next year. This is an "as-is" sale perfect for cash or hard money buyers looking to move fast and capture the best price-per-unit deal on the South Side. Forget the "unknowns" of a total gut rehab. We've already done the heavy lifting on the most critical components: Renovated Showcase Units: 5 units have been completely transformed with high-end designer finishes to set the new building standard. Designer Kitchens: Sleek shaker cabinetry, premium quartz countertops, and a full suite of stainless steel appliances. Spa-Inspired Baths: Modern porcelain tile, matte black fixtures, and custom LED lighting. Premium Flooring: A sophisticated mix of Luxury Vinyl Plank (LVP) and meticulously refinished original hardwoods. Energy Efficiency: The building features updated vinyl windows throughout, drastically reducing future CapEx. System Integrity: Recent maintenance includes fixed leaks and plumbing updates, ensuring a smoother transition for the new owner. THE UPSIDE: THE NUMBERS DON'T LIE Immediate Lease-Up Potential: Currently 55 percent occupied, allowing you to hand-select your tenant base at 2026 market rates. Commercial Engine: 5 vacant storefronts under flexible B3-2 zoning-perfect for retail, service, or potential residential conversion. Tax Transformation: Significant bottom-line boost incoming with property taxes projected to drop from $29k to just low teen next year. Priced to Move

1206-1210 W 83Rd Street, Chicago

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