Apartment Building with
1310 E Hyde Park Blvd, Chicago, IL 60615
For Sale
New
$20,600,000
Its apartments include one- and three-bedroom layouts, alongside an on-site office.
Property Size90,978 SF
Days on Market2
Property Features for 1310 E Hyde Park Blvd
General Information
Standard status
Size
Net Rentable
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
Prime Hyde Park Location | Mobility Voucher Eligible Steps from the University of Chicago and the 55th Street Retail Corridor, with Easy Access to Transit, Dining, and Entertainment
14 Percent Mark-To-Market Rental Upside Current Average Rental Rates are Approximately $280 per Unit Below Market
Over $1 Million in Recent Capital Improvements Includes Three New Roofs, Refreshed Common Areas and Units, a New Fitness Room, Upgraded Access System, and On-Site Management Office
Attractive, Diverse Unit Mix 43 One-Bedroom and 36 Three-Bedroom Units across a Variety of Floor Plans, Appealing to a Broad Tenant Base
Strong Surrounding Residential Values | The Luxury Condominium Building Situated between 1318 and 1334 E Hyde Park Boulevard has Recorded Sales Ranging from $1.1 Million to $1.4 Million, Highlighting the Strength of Surrounding Residential Values
Building Details
Building Size
Units
Listing Agency:
Marcus & Millichap - Chicago Downtown
Listed By:
Jack Stanton
(312) 327-5463
Source:
Marcusmillichap
Added: Nov 12
Last Checked: Nov 12 at 2:31PM
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 Marcus & Millichap - Chicago Downtown
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Investment Insights
Based on property information with market context.
The apartment property contains 79,111 rentable square feet, with 43 one-bedroom apartments and 36 three-bedroom apartments. An additional office space brings the stated total to 80 spaces. The one-bedroom units include multiple floor plans.
The property is at 1310 E Hyde Park Blvd in Chicago’s Hyde Park neighborhood. An on-site office is also part of the property’s configuration.
The property is at 1310 E Hyde Park Blvd in Chicago’s Hyde Park neighborhood. An on-site office is also part of the property’s configuration.
Key Highlights
- 79,111 rentable square feet
- 79 apartments: 43 one‑bedroom and 36 three‑bedroom layouts
- One on‑site office; 80 total spaces including the office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,394,616
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,892,320
$27.9M
Cap Rate 7%
$19,923,086
$19.9M
Cap Rate 9%
$15,495,733
$15.5M
Market Conditions
NOI Build-Up for 90,978 SF
Gross rent
$2.67M $29.40/SF
− Vacancy
−$139.1K −$1.53/SF
EGI
$2.54M $27.87/SF
− OpEx
−$1.14M −$12.54/SF
NOI
$1.39M $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$27,892,320
Cap Rate 7%
$19,923,086
Cap Rate 9%
$15,495,733
Alternative Uses
Best Use
Apartment 5plus
$19.92M
$17.43M – $23.24M
NOI $1,394,616 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$42.90M
$37.53M – $50.05M
NOI $3,002,711 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
79
Residential units
Location Intelligence
Trade Area within ½ mile
2,873
Businesses Nearby
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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
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Market
Properties on Market for Apartment buildings in Chicago
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Its apartments include one- and three-bedroom layouts, alongside an on-site office.
Where is this apartment building located?
The property is located at 1310 E Hyde Park Blvd Chicago, IL.
What is the asking price?
The asking price for this property is $20,600,000.
What are key features of this property?
This property features: 79,111 rentable square feet; 79 apartments: 43 one‑bedroom and 36 three‑bedroom layouts; One on‑site office; 80 total spaces including the office
