Rare opportunity to acquire fully leased, over-sized three (3) unit apartment building in prime Hyde Park Location. Each unit is enormous and features over 3000 SF with 9 rooms, 5 bedrooms and 3 baths. Total building size is 11,125 SF! Potential for 4th unit in usable basement with high ceilings. All 3 units have been rented for the past 10 yrs to a Not for Profit organization affiliated with the University of Chicago, that provides student housing and helps prepare students for urban life. Gross income is over $120,000 year. Hyde Park was one of the three (3) strongest neighborhood housing markets for 2019 according to Crain's Chicago Business. Close to public transportation, numerous parks, Lake Michigan, shopping, restaurants, entertainment venues and home to the University of Chicago, Hyde Park has seen a tremendous influx of multi-million dollar residential, commercial and hotel developments. Properties like this rarely come on the market.
|# of homes for sale||125|
|Average asking price||$497,087|
|Average asking price (2 bedroom)||$217,179|
|Average asking price (3 bedroom)||$345,850|
March 9th, 2020 from $1,475,000
Asphalt/Glass (Rolled), Flat Roof
|Status Changed from Price Change to Active||–|
|Status Changed from Active to Price Change||–|
|Price Reduced from $1,475,000 to $1,375,000|
|Status Changed from New to Active||–|
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Fulton Grace are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Listing information last updated on April 4th, 2020 at 10:05pm CDT.