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.
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For more information about 1347 E Hyde Park, Chicago, IL 60615 contact Corcoran Urban Real Estate.
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