Hyde Park Apartment
For Sale
Contact for pricing
1209 E Madison Park, Chicago, IL 60615
Apartment building near University of Chicago with strong income.
Property SizeContact for details
Days on Market193
Property Features for 1209 E Madison Park
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
RM-5
Net Operating Income
$205,942
Building Details
Buildings
1
Units
8
Listing Agency:
Chicago Real Estate Resources Inc
(847) 863-2707
Listed By:
Steven Rapoport, CCIM · License #IL 471006648
Source:
Crexi
Added: Feb 12
Changed: Aug 15
Last Checked: Aug 23 at 8:24PM
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 Chicago Real Estate Resources Inc
Investment Insights
Based on property information with market context.
This apartment building is located near the University of Chicago. The Hyde Park neighborhood is characterized by stable tenant demand and consistent long-term appreciation. The location provides access to the University of Chicago, Lake Michigan, Downtown Chicago, and public transportation. This property is suited for investors seeking a core Hyde Park position with in-place income and long-term value growth. The location drives high demand in a stable multifamily submarket.
Key Highlights
- Prime location near the University of Chicago, ensuring consistent tenant demand.
- Strong in‑place income and potential for durable long‑term value growth.
- Situated in Hyde Park, a historically stable and resilient multifamily submarket.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,775
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building near University of Chicago with strong income.
Where is this apartment building located?
The property is located at 1209 E Madison Park Chicago, IL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Prime location near the University of Chicago, ensuring consistent tenant demand.; Strong in‑place income and potential for durable long‑term value growth.; Situated in Hyde Park, a historically stable and resilient multifamily submarket.
