Rare offering in prime Hyde Park location. Hyde Park is one the 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. Fully leased jumbo-sized three (3) unit apartment building plus potential 4th unit in usable basement with high ceilings and RM-5 zoning. Each unit is over 3000 SF with 9 Rooms, 5 Bedrooms, and 3 Baths. Total building is 11,250 SF! All 3 units have been rented by a Not for Profit organization for student housing for the past 10 years and they've just renewed their lease for another year (7/31/2021) Actual gross income is over $120,000.00 per year. Partnership dissolution directs sale.
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For more information about 1347 E Hyde Park, Chicago, IL 60615 contact Corcoran Urban Real Estate.
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Listing provided by Ettinger Realty, Ltd.
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