5123 S University Ave, Chicago, IL 60615
Multifamily asset in Hyde Park near University of Chicago.
- Added:
- Feb 23, 2026
- Days on Market:
- 135
- Last Refresh:
- Jul 4 at 4:28 am
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 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
HighLights
- 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.
- Spacious unit layouts with classic vintage elements.
- Opportunity to increase rents through unit upgrades and improved amenities.
- Located in a stable and demand‑driven submarket with limited housing supply.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $912.9k | $29.40 |
| − Vacancy | −$47.5k | −$1.53 |
| EGI | $865.4k | $27.87 |
| − OpEx | −$389.4k | −$12.54 |
| NOI | $476.0k | $15.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.5975201
- Latitude
- 41.8015521
