For Sale
$1,900,000

1027 E. Hyde Park Chicago, IL 60615

Prime Chicago location, 4-unit building, strong rental demand.

Overview

Added:
Jan 16
Days on market:
91
This exceptional 4-unit walk-up building presents a compelling investment opportunity in Chicago's coveted Hyde Park neighborhood. Situated just 0.5 miles from the University of Chicago campus, this property boasts a highly desirable location with consistent rental demand. The building underwent a complete rehabilitation in 2017, resulting in condo-quality finishes throughout all four units. The unit mix comprises one 3-bedroom/2-bathroom unit, two 4-bedroom/4-bathroom units, and one spacious 6-bedroom/4-bathroom unit. Each apartment features granite countertops, stainless steel appliances, hardwood floors, ample living space, oversized bedrooms with walk-in closets, in-unit laundry, and individual HVAC systems – perfect for students and professionals alike. The property's proximity to the University of Chicago ensures a consistently strong tenant pool. Beyond the immediate campus, Hyde Park offers a vibrant community with diverse residents, excellent transportation options (including Metra and CTA bus routes), and a rich blend of historic architecture and modern amenities. Nearby attractions include George Washington Park, Lake Shore Drive, and a variety of retail options, including Whole Foods and Target. This turn-key investment is ideally positioned to capitalize on the enduring appeal of Hyde Park and the consistent demand for quality rental housing near the University of Chicago. The 0.15-acre lot provides ample space for the building. The building's total size is 6,700 square feet. This property offers a rare opportunity to acquire a well-maintained, high-performing multifamily asset in one of Chicago's most sought-after neighborhoods.

Highlights

  • Prime Hyde Park location, 0.5 miles from University of Chicago.
  • Fully rehabbed in 2017, boasting condo-quality finishes.
  • Strong rental demand; four units with 3-6 bedrooms.

Property Details for 1027 E. Hyde Park

Property type
Residential income homes, Residential income properties
Square Feet
6,700 SF
Price / Square Foot
$283.58
Year Built
1933
Elevators
N/A
Lot Size (sq. ft)
6,700 SF
Units
4

Location Insight

City
Chicago
County
State
Illinois

FAQs

What type of property is this?
Residential income home - Prime Chicago location, 4-unit building, strong rental demand.
Where is the residential income home located?
The property is located at 1027 E. Hyde Park Chicago, IL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Prime Hyde Park location, 0.5 miles from University of Chicago.; Fully rehabbed in 2017, boasting condo-quality finishes.; Strong rental demand; four units with 3-6 bedrooms.
How can I contact the broker?
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1027 E. Hyde Park
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