Location Summary

• The Auburn-Gresham neighborhood is about nine miles south of downtown Chicago. Like many of Chicago’s neighborhoods, the area that became Auburn Gresham was mostly rural until immigrants working at the 1893 World’s Columbian Exposition moved into the area and development followed including the creation of the Auburn Lake Lagoon which today is still a central focus of the neighborhood. Auburn Gresham is part of Chicago’s so-called “bungalow belt” with hundreds of the Arts and Crafts inspired brick homes throughout the residential area. For more than 100 years, St. Sabina Church has been an important part of this working class community, especially for its work on social justice issues. Plus, there’s the food! Auburn Gresham has some of the finest soul food in the city. Auburn Park has three winding, irregularly shaped lagoons, edged with hand-hewn rock retaining walls. There are two romantic bridges and two islands in the midst of lagoons, surrounded by meandering walking paths, sturdy benches and beautiful Victorian-era homes along Winneconna Parkway. In the summer, there are plenty of flowering shrubs and trees and fountain jets in the water. Locals still enjoy fishing in the lagoons. This peaceful and serene respite is a familiar one to those from Auburn Gresham but new to me.
• The Subject property is masonry, corner, 3-story, 15-unit walk-up building located in the Auburn-Gresham neighborhood on Chicago's south side. There is a small rear courtyard area which contains a newer wooden porch system. There are there basement areas which are accessed via the rear courtyard. The basement areas house the building's central hot water tank and central boiler system, gas and electric meters, as well as storage. There is a laundry room in one of the basements containing one two washers and two dryers. The unit mix is as follows: 3 One bedroom/One bathroom Units 12 Two bedroom/One bathroom Units The property was acquired by ownership as part of a 6-building portfolio in December-2018. The property is currently 100% occupied.