5123 S University Ave Chicago, IL 60615
Multifamily asset in Hyde Park near University of Chicago.
Type:Multifamily
Property size:
31,050 SF- Added:
- Feb 23, 2026
- Days on Market:
- 37
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 5123 S University Ave
General Information
- Standard status
- Active
- Size
- 31,050 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing agent Lee Kiser License #471014529
Listing office Kiser Group
Listing date Feb 23, 2026
Source Crexi
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 Kiser Group
Overview
Hyde Park Multifamily Investment Opportunity
Located at 5123 S. University Ave in Chicago, IL, this multifamily property presents an investment opportunity in the heart of Hyde Park. The property has been under the same family ownership since 1964. Situated near the University of Chicago and the 53rd Street retail corridor, the building benefits from consistent tenant demand. The building features spacious unit layouts with vintage elements, offering value-add potential through interior renovations and modernization of finishes. With the ability to enhance rents through unit upgrades and improved amenities, investors can capitalize on Hyde Park’s limited housing supply and proximity to academic and medical institutions. The property size is 31,050 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5975201
- Latitude
- 41.8015521
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FAQs
What type of property is this?
Apartment building - Multifamily asset in Hyde Park near University of Chicago.
Where is this apartment building located?
The property is located at 5123 S University Ave Chicago, IL.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: Prime location in Hyde Park, steps from the University of Chicago and 53rd Street retail.; Strong rental fundamentals and consistent tenant demand due to proximity to major institutions.; Value‑add potential through interior renovations and modernization.
