619 E Groveland Park Pleased to present 619 E. Groveland Park, a 7-unit multifamily investment located within the gated, landmarked Groveland Park community in Chicago's Bronzeville neighborhood. Offered at a list price of $1, 200, 000, the property provides an opportunity to acquire an apartment asset in one of Chicago's most architecturally significant and supply-constrained submarkets, with a light value-add plan supported by a $50, 000 renovation budget. Originally constructed in the early 1900s and thoughtfully revitalized, the property encompasses approximately 5, 697 square feet across a unit mix of (3) 2-bedroom + den / 1-bath units and (4) 1-bedroom / 1-bath units, plus a garden unit. Unit sizes generally range from approximately 525-950 SF (with the garden at ~650 SF), featuring efficient layouts and individual unit appeal that support operational stability and long-term tenant retention. In-place financial performance is strong and stabilized. The asset is currently generating $127, 800 in gross annual rental income ($10, 650/month). With a 4% vacancy assumption (-$5, 152) and $1, 008 in annual laundry income, effective gross income totals approximately $123, 656. Operating expenses are efficiently managed at approximately $30, 171 (a 24% expense ratio), resulting in a current NOI of $93, 484. Value-add upside is clear and executable via a light renovation program. A $50, 000 renovation budget (light interior enhancements and unit turns) supports mark-to-market rent growth from $10, 650/month to $13, 200/month (gross annual rent from $127, 800 to $158, 400). Under the pro forma scenario (still assuming 4% vacancy and $1, 008 in laundry income), effective gross income increases to approximately $153, 032, with total expenses of approximately $31, 377 (a 21% expense ratio), producing a pro forma NOI of $121, 655. On a total cost basis of $1, 250, 000 (purchase price + $50, 000 renovation), this equates to an estimated 9.73% pro forma cap rate and a 7.89 GRM on total basis. At the offered price, the asset is positioned at approximately $211/SF and $171, 429/unit, aligning well with boutique multifamily pricing in Bronzeville and the broader South Lakefront. A sample financing scenario utilizing 80% LTV ($960, 000 loan), 6.00% interest, and 30-year amortization results in an estimated annual debt service of approximately $69, 068 and a 1.35x DSCR under the pro forma. This structure generates projected net cash flow of $24, 416 in-place (10.17% cash-on-cash on $240, 000 equity) and $52, 587 post-renovation (18.13% cash-on-cash on $290, 000 total equity, inclusive of the $50, 000 renovation budget). Beyond the numbers, 619 E. Groveland Park benefits from its irreplaceable setting within a gated historic park environment-offering residents a quiet, residential atmosphere rarely found this close to Downtown Chicago-while still providing convenient access to Lake Shore Drive, major employment centers, public transit, and continued investment activity throughout Bronzeville. This offering is ideally suited for investors seeking durable in-place income with measured value-add upside, minimal operational disruption, and strong long-term appreciation fundamentals. With a modest $50, 000 light-renovation plan to capture rent premiums, 619 E. Groveland Park delivers stabilized cash flow today and a clear path to enhanced returns tomorrow-within one of Chicago's most iconic and supply-restricted residential enclaves.