1347 East Hyde Park Boulevard, Chicago

$1,375,000

15 Beds
10 Baths
.09 Acres
0 Garages

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.

Essential Information
MLS® #10626000
Price$1,375,000
Bedrooms15
Bathrooms10.00
Full Baths10
Acres0.09
Year Built1912
TypeResidential
Sub-TypeTwo to Four Units
StatusActive
Community Information
Address1347 East Hyde Park Boulevard
AreaCHI - Hyde Park
CityChicago
CountyCook
StateIL
Zip Code60615
Interior
HeatingGas
Has BasementYes
BasementPartially Finished
Exterior
ExteriorStucco
Lot DescriptionCorner
Roof

Asphalt/Glass (Rolled), Flat Roof

School Information
ElementaryShoesmith Elementary School
MiddleCanter Middle School
HighKenwood Academy High School
Additional Information
ZoningMULTI
Listing Details
OfficeEttinger Realty, Ltd.
Property History
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $1,475,000 to $1,375,000
Status Changed from New to Active
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Listing information last updated on May 25th, 2020 at 1:20pm CDT.