3538 W Grenshaw St Chicago, IL 60624
Homan Square NeighborhoodEstimated payment $3,792/month
About This Home
Six (6) unit brick apartment building located in Homan Square. Each unit is a 2 bed 1 bath, ~1000 square foot unit (identical floorplans), offering scalability in leasing. All six units were rehabbed in the past few years and have been well maintained. CHA inspects the units either annually or biannually. Each of the five Section 8 units undergoes annual approval from the city. Mechanical Information: in-unit and separate furnaces + hot water tanks, gas stoves, updated roofing, newer windows. The building is fully occupied and 5/6 tenants are subsidized through Chicago Housing. ~$93,500 annual income Unit 1F and 3F are eligible for increased voucher rate upon expiration of existing leases (eligibility for 1F: 3/14/2026, eligibility for 3F: 3/31/2026) Current Leasing info: Unit 1F: 3/15/24 - 3/14/26 ($1300 monthly rent) | Unit 2F: 12/12/21 MTM ($1350 monthly rent) | Unit 3F: 3/14/24 - 3/31/26 ($1270 monthly rent) | Unit :1R 1/1/2010 (MTM $850... Market Tenant, Not CHA) | Unit 2R: 10/23/23 - 10/31/25 ($1671 monthly rent) | Unit 3R: 6/1/2016 (MTM $1350 monthly rent). Unit 1F, 3F, 2R are all eligible to apply for the 12 month Chicago Housing Authority review process at the end of existing leases (10/31/25, 3/14/26, 3/21/2026) Unit 2R = Approved for $1671 new voucher as of October 2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,598
Year Built
- Built in 1915
Lot Details
- 3,900 Sq Ft Lot
- Lot Dimensions are 30 x 131
Home Design
- Garden Apartment
- Brick Foundation
Additional Features
- 3-Story Property
- Floor Furnace
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $420
- Insurance Expense $2,500
- Trash Expense $1,041
- Water Sewer Expense $2,564
- Operating Expense $11,544
- Gross Income $93,492
- Net Operating Income $81,948
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/23/2025 09/23/25 | For Sale | $650,000 | 0.0% | -- |
| 08/21/2025 08/21/25 | Pending | -- | -- | -- |
| 08/01/2025 08/01/25 | For Sale | $650,000 | 0.0% | -- |
| 08/01/2025 08/01/25 | Pending | -- | -- | -- |
| 07/30/2025 07/30/25 | For Sale | $650,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12431890
APN: 16144220160000
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