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Apartment Building
For Sale
$2,225,000

5124 S University Avenue, Chicago, IL 60615

Built in 1904 near the University of Chicago and public transportation.

Days on Market170

Property Features for 5124 S University Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Building Details

Year Built 1904
Listing Agency: Chicago Real Estate Resources
Listed By: Steven Rapoport · License #471006648
Source: Dawnmckennagroup
Added: Feb 13 Changed: Jul 31 Last Checked: Aug 2 at 11:58AM

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

Investment Insights

Based on property information with market context.

This apartment building was constructed in 1904 and is located at 5124 S University Avenue in Chicago’s Hyde Park area.

The property is near the University of Chicago and close to Lake Michigan, Downtown Chicago, and accessible public transportation. Its setting places the building within an established Chicago neighborhood with proximity to a major institutional anchor and regional destinations.

Key Highlights

  • Constructed in 1904
  • Located near the University of Chicago
  • Situated in Hyde Park at 5124 S University Avenue

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

2,754
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 1904 near the University of Chicago and public transportation.
Where is this apartment building located?
The property is located at 5124 S University Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: Constructed in 1904; Located near the University of Chicago; Situated in Hyde Park at 5124 S University Avenue
More about this property
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