# 619 E Groveland Park, Chicago, IL 60653 > **TL;DR:** 10bd/11ba residential multi family, $1,200,000, built 1904. Est. $6,418/mo. Listed 254 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,200,000 | | Bedrooms | 10 | | Bathrooms | 11 full | | Year Built | 1904 | | Stories | 3 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 254 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $6,068 | | Estimated Insurance | $350 | | **Total** | **$6,418** | ## Property Highlights - Built in 1904 - 3 stories ## Description ### Agent Description 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. ## Location - **Address:** 619 E Groveland Park, Chicago, IL 60653 - **County:** Cook - **Coordinates:** 41.833214, -87.610619 - **Google Maps:** https://www.google.com/maps?q=41.833214,-87.610619 ## Listing Agent - **Name:** Anthony Hardy - **Brokerage:** Keller Williams Chicago ONEChicago - **Broker Phone:** (312) 216-2422 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/619-E-Groveland-Park_Chicago_IL_60616_M94569-01065?f=listhub&s=MREDIL&m=12573303&c=propsimple) ## Photos ![619 E Groveland Park - Photo 1](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3748898763r.jpg) ![619 E Groveland Park - Photo 2](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1032550179r.jpg) ![619 E Groveland Park - Photo 3](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3740278996r.jpg) ![619 E Groveland Park - Photo 4](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1233253020r.jpg) ![619 E Groveland Park - Photo 5](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2402594021r.jpg) ![619 E Groveland Park - Photo 6](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1796451981r.jpg) ![619 E Groveland Park - Photo 7](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f716991704r.jpg) ![619 E Groveland Park - Photo 8](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2648407664r.jpg) ![619 E Groveland Park - Photo 9](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f4150232701r.jpg) ![619 E Groveland Park - Photo 10](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3105025164r.jpg) ![619 E Groveland Park - Photo 11](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f173458572r.jpg) ![619 E Groveland Park - Photo 12](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2649103599r.jpg) ![619 E Groveland Park - Photo 13](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1415712646r.jpg) ![619 E Groveland Park - Photo 14](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3216629613r.jpg) ![619 E Groveland Park - Photo 15](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f147178495r.jpg) ![619 E Groveland Park - Photo 16](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3871025166r.jpg) ![619 E Groveland Park - Photo 17](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1130517837r.jpg) ![619 E Groveland Park - Photo 18](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2960812278r.jpg) ![619 E Groveland Park - Photo 19](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3655104467r.jpg) ![619 E Groveland Park - Photo 20](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1450347817r.jpg) ![619 E Groveland Park - Photo 21](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2826091610r.jpg) ![619 E Groveland Park - Photo 22](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2915718587r.jpg) ![619 E Groveland Park - Photo 23](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3771285892r.jpg) ![619 E Groveland Park - Photo 24](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1200886258r.jpg) ![619 E Groveland Park - Photo 25](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1471469697r.jpg) ![619 E Groveland Park - Photo 26](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3865823466r.jpg) ![619 E Groveland Park - Photo 27](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1134604695r.jpg) ![619 E Groveland Park - Photo 28](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1162347073r.jpg) ![619 E Groveland Park - Photo 29](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3140294686r.jpg) ![619 E Groveland Park - Photo 30](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1002296630r.jpg) ![619 E Groveland Park - Photo 31](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3758160078r.jpg) ![619 E Groveland Park - Photo 32](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1932074970r.jpg) ![619 E Groveland Park - Photo 33](http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3611927374r.jpg) --- **MLS#:** 12573303 | **Updated:** 2026-10-28 **Source:** listhub *Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/619-e-groveland-park-chicago-il-60653-d0c4779aef20489581e40c969f06ffab) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/619-e-groveland-park-chicago-il-60653-d0c4779aef20489581e40c969f06ffab#listing", "url": "https://www.propertysimple.ai/listing/619-e-groveland-park-chicago-il-60653-d0c4779aef20489581e40c969f06ffab", "name": "619 E Groveland Park, Chicago, IL 60653", "description": "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.", "image": [ "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3748898763r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1032550179r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3740278996r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1233253020r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2402594021r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1796451981r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f716991704r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2648407664r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f4150232701r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3105025164r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f173458572r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2649103599r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1415712646r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3216629613r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f147178495r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3871025166r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1130517837r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2960812278r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3655104467r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1450347817r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2826091610r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f2915718587r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3771285892r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1200886258r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1471469697r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3865823466r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1134604695r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1162347073r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3140294686r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1002296630r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3758160078r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f1932074970r.jpg", "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3611927374r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/05e73d1402d2d50385b94471b7914ad1l-f3748898763r.jpg", "caption": "619 E Groveland Park - 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