$ 1,606,000
5345 S University Avenue Chicago, IL 60615
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$ 1,606,000
Est. payment | /mo
12,954 SqFt
$ 1,606,000
Est. payment | /mo
12,954 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 12,954 sqft
Price per Sqft $123
MLS Listing ID 12158053
Year Built 1909
Tax Year 2023
Lot Size 9,583 Sqft
Lot Dimensions 60X140
Property Description
STATELY HISTORIC REDEVELOPMENT OPPORTUNITY IN HYDE PARK: A VISIONARY'S DREAM! This beautiful 3-story brick property in the heart of Hyde Park could be used as a single-family home, a group home, a community center, and more! With a rezoning to adjacent RT-4, the building could be converted to approximately 8 total units by broker's estimate, or by floor for 3 units with condo potential. This historic property has been a single-family residence, a 4-unit dwelling, and most recently, a dormitory. Tuckpointing was completed in 2016, roof upgrades in 2017, and a new roof on the garage in 2023. Windows have been upgraded. Professional landscaping with paver patio and new partial property fencing in 2022. Upgraded electrical system in 2024 with total improvements totaling 2M since 2008. This property features a single electric, water, and gas meter with a boiler heating system. There is no central A/C in the main home but separately metered utilities in the garage apartment with window A/C. The current floor plan of the property includes 10 bedrooms, 6 bathrooms, 3 beautiful heated sun porches, a main kitchen, dining area, 2 large meeting areas/family rooms, ample storage throughout, a 3-car garage with 2 bedrooms, 1 bath apartment above. This property is located within the Hyde Park-Kenwood Historic District, which offers federal and state tax incentives for qualified improvements. The property is steps away from downtown Hyde Park's entertainment and shopping areas, steps from the University of Chicago, the Chicago lakefront, and a short ten-minute drive to the Loop. EM payable to Coldwell Banker Real Estate Group via certified funds.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling None
Fireplace Y
Exterior
Utilities Available Sanitary Sewer, Water-Municipal, Cable Available
View Y/N true
Building
Foundation Concrete Perimeter
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Leah Erickson • Coldwell Banker Commercial Real Estate Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "