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Corner Mixed-Use Building
For Sale
Contact for pricing
Pending

5300 S Blackstone Ave, Chicago, IL 60615

Twenty-four apartments are positioned above street-level retail and office space.

Property SizeContact for details
Days on Market145

Property Features for 5300 S Blackstone Ave

General Information

Standard status Pending
Total Parking Spaces 16
Property subtype Multifamily

Additional Details

Corner Location Yes
Multifamily Units 24

Amenities

in-unit laundry
individual HVAC

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Interra Realty, LLC
Listed By: Joe Smazal · License #IL
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 2 at 4:36AM

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 Interra Realty, LLC

Investment Insights

Based on property information with market context.

This corner mixed-use building at 5300 S. Blackstone Avenue combines 24 apartments with street-level retail and office space. The residential component includes one-, two-, and three-bedroom layouts, with renovated kitchens and bathrooms, in-unit laundry, and individual HVAC in every apartment. A 16-car parking lot is located at the rear of the property.

The corner retail space is leased to Philz Coffee, a West Coast chain that entered the Chicago market through this location. The office area is occupied by the seller’s property management company, which will lease the space back at closing. The property is within walking distance of the University of Chicago campus and Medical Center in Chicago’s Hyde Park neighborhood.

Key Highlights

  • 24 apartments with one-, two-, and three‑bedroom layouts
  • Renovated kitchens and bathrooms in every apartment
  • In‑unit laundry and individual HVAC throughout the residential units

Property Analytics

Current Use

Ivy Blackstone Apartments Apartment Building

Suggested Use

Top Pick Auto Repair Shop Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Food Market Grocery & Convenience Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,947
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?
Mixed-use property - Twenty-four apartments are positioned above street-level retail and office space.
Where is this mixed-use property located?
The property is located at 5300 S Blackstone Ave Chicago, IL.
What are key features of this property?
This property features: 24 apartments with one-, two-, and three‑bedroom layouts; Renovated kitchens and bathrooms in every apartment; In‑unit laundry and individual HVAC throughout the residential units
(312) 361-3140 Call to check price and availability
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