5131 S University Ave - Apartments FOR SALE


Chicago, IL 60615- Hyde Park
$6,400,000 USD
773-919-1297
5131 S University Ave, Chicago, IL for Sale
$6,400,000 USD
Apartments - FOR SALE
1/5
null | 5.35% Cap Rate

5131 S University Ave
Chicago, IL 60615
Hyde Park


HIGHLIGHTS

  • Hyde Park Vintage Courtyard
  • Two Blocks To University Of Chicago Campus
  • Value-Add (Same Ownership Since 1964)

OVERVIEW

5123 S. University Ave in Chicago, IL presents investors with the opportunity to acquire a well-located multifamily asset in the heart of Hyde Park. The property, located in one of Chicago’s most stable and demand-driven submarkets, has been owned by the same family since 1964. Situated just steps from the University of Chicago and the 53rd Street retail corridor, the property benefits from consistent tenant demand and strong rental fundamentals. The building features spacious unit layouts with classic vintage elements, offering clear value-add potential through interior renovations, modernization of finishes, and operational efficiencies. With the ability to enhance rents through unit upgrades and improved amenities, investors can capitalize on Hyde Park’s limited housing supply, proximity to major academic and medical institutions, and long-term neighborhood growth.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

43

PRICE/UNIT

$148,837

CAP RATE

5.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,799 SF

ZONING

RM-5

APN/PARCEL ID

20-11-305-006-0000

ASK ABOUT THIS PROPERTY

Lee KiserKiser GroupMore Info
773-919-1297

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Lee KiserKiser GroupMore Info
773-919-1297

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.