Groveland Park Real Estate

Welcome to Groveland Park, a charming neighborhood nestled in the heart of Chicago, Illinois. Known for its tree-lined streets and a strong sense of community, Groveland Park is a hidden gem in Cook County that seamlessly blends urban convenience with suburban tranquility.

With its rich history dating back to the early 1900s, Groveland Park boasts a diverse array of architectural styles, from classic bungalows to modern single-family homes. This vibrant neighborhood is perfect for families, young professionals, and retirees alike, offering a welcoming atmosphere that makes everyone feel at home.

One of the standout features of Groveland Park is its proximity to several parks and green spaces, including the picturesque Washington Park, which provides ample opportunities for outdoor activities, picnics, and leisurely strolls. The neighborhood also offers easy access to public transportation, making commuting to downtown Chicago a breeze.

Local shops, cafes, and restaurants add to the neighborhood's charm, providing residents with a variety of dining and shopping options just a short walk away. The Groveland Park community is known for its friendly neighbors and active neighborhood associations, fostering a strong sense of belonging and pride among residents.

Education is a top priority in Groveland Park, with several highly-rated schools nearby, ensuring that families have access to quality education. Whether you’re looking to settle down or simply explore, Groveland Park is a delightful neighborhood that captures the essence of Chicago living. Come discover the warmth and vibrancy of Groveland Park—your new home awaits!

Newest Listings in Groveland Park

$127,000

2 Beds ⋅ 2 Baths ⋅ 12692886 MLS ⋅ ACTIVE Status

Rare opportunity to purchase a partially demoed unit in the gated Woodland Park by the Lake community. Sold as-is, this separately deeded, unwarrantable unit is ideal for cash buyers or non-conventional financing. Set on approximately 7 landscaped acres along Chicago's lakefront, the community offers 24-hour gated security, elevators, bike storage, storage lockers, picnic and grilling areas, gardens, EV charging stations, a playground, dog park, and guest parking. Conveniently located near the 35th Street Pedestrian Bridge with easy access to the lakefront, downtown, public transportation, and a nearby Divvy station. A unique opportunity in one of Chicago's most distinctive lakefront communities.

606 E Woodland Park Avenue Unit #306, Chicago

$3,199,000

4 Beds ⋅ 9 Baths ⋅ 12545990 MLS ⋅ ACTIVE Status

Experience the ultimate in lakefront living in one of the Chain O'Lakes' most coveted and tranquil settings on a secluded bay offering both serenity and effortless access to the open waters. This truly one-of-a-kind legacy estate spans more than 14 acres with an extraordinary 2,500 feet of pristine waterfront, creating a rare blend of privacy, scale, and natural beauty. The peaceful bay provides a protected environment ideal for swimming, kayaking, paddleboarding, birdwatching and year-round fishing, while still allowing quick passage to the main lakes. Custom-built by the current owners with uncompromising quality and attention to detail, the residence offers approximately 8,400 square feet of refined living space, featuring 4+ bedrooms (currently Bonus Room used as Bunk Room for guests), 6 full and 3 half baths, an indoor pool & spa, an elevator, laundry on all three levels and an impressive collection of luxury amenities. A dramatic, sun-filled Great Room welcomes you with soaring ceilings, a striking two-story fireplace, and breathtaking sunset and bay views. The flowing, open-concept design continues into the gourmet kitchen and dining area, with access to a full-length deck-perfect for grilling, al fresco dining, and evening gatherings under the stars. The chef's kitchen is appointed with a Wolf cooktop and double ovens, separate Sub-Zero refrigerator and freezer, honed granite countertops, a large center island, built-in hutch, and a spacious walk-in pantry. The main-level primary suite is a private retreat, featuring a stone fireplace, stunning water views, a spa-inspired bath with heated floors, an expansive walk-in closet, and a dedicated washer and dryer. Additional main-level highlights include a private office with built-in desks and storage, a large mudroom and a heated three-car garage with a TV. Designed for both entertaining and recreation, the walk-out lower level offers an expansive recreation room, a media room, a second kitchen, a steam room and pool with easy outdoor access to a large paver patio. The lower-level garage provides convenient on-site boat storage. For the boating enthusiast, the property delivers a private marina experience including a conditioned 32' x 14' boathouse for year-round storage; 3 covered permanent piers with lifts, a private concrete boat ramp and adjacent guest pier for safe docking and easy launching. For collectors and hobbyists, there is 1,400 SF heated and cooled workshop attached to the boathouse, an additional heated and cooled detached garage/shop, and a 40' x 60' barn with a heated workshop and generous storage. The Chain O'Lakes comprises 15 interconnected lakes and 45 miles of waterways across approximately 7,100 acres, offering an ever-changing lifestyle of recreation and exploration --- cruise the Chain's larger lakes, visit waterfront restaurants, or retreat to quieter waters for fishing, waterskiing, and wakeboarding. This rare waterfront estate seamlessly blends luxury, recreation, and privacy, all just minutes from state parks, shopping, major highways, and approximately 45 minutes from O'Hare and Mitchell International Airports. Enjoy an easy commute directly to Chicago via commuter trains from Antioch or Fox Lake. A once-in-a-lifetime opportunity to own one of the Chain's most exceptional properties.

38778 N Ackerman Road, Antioch

$1,200,000

12573303 MLS ⋅ ACTIVE Status

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.

619 E Groveland Park, Chicago

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