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Hyde Park Investment Opportunity
For Sale
$105,000

1000 E 53rd Street #221, Chicago, IL 60615

Unit in Renaissance Place, perfect for investors in high-demand area.

Days on Market348

Property Features for 1000 E 53rd Street #221

General Information

Standard status Active
Property subtype Condominium

Building Details

Year Built 1973
Listing Agency: Keller Williams Chicago ONEChicago
Listed By: Tommy Choi · License #IL
Source: Kw
Added: Aug 21, 2025 Changed: Jul 6 Last Checked: Aug 2 at 1:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Chicago ONEChicago

Investment Insights

Based on property information with market context.

This unit in Renaissance Place at Hyde Park presents a prime investment opportunity. Sold as-is, the property offers potential for creative vision. The building provides amenities such as secure garage parking, private storage lockers, bike storage, a package receiving room, and two fitness centers. Its location offers proximity to the University of Chicago, local shopping, dining, and public transportation. The building is well-maintained with excellent association management and potential for value-add improvements.

Key Highlights

  • Prime Hyde Park location with high rental demand.
  • Strong investment opportunity with value‑add potential.
  • Desirable building amenities including secure garage parking and fitness centers.

Property Analytics

Current Use

Patti The Marketing Mentor Marketing & Advertising M Du Communications Telecommunications Service Concord Development Corporation Construction Company

Suggested Use

Top Pick Auto Repair Shop Kitchen & Bath Showroom Auto Parts Store (Bike/Boat/Book/etc) Store Plumbing Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,690
Businesses Nearby

Demographics for 60615, IL

43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Unit in Renaissance Place, perfect for investors in high-demand area.
Where is this apartment building located?
The property is located at 1000 E 53rd Street #221 Chicago, IL.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Prime Hyde Park location with high rental demand.; Strong investment opportunity with value‑add potential.; Desirable building amenities including secure garage parking and fitness centers.
More about this property
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