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Hyde Park Multifamily Apartment Building
For Sale
Contact for pricing
Pending

5326 S Cornell Ave, Chicago, IL 60615

64-unit multifamily building with a mix of studio and 1-bedroom apartments in Chicago’s Hyde Park.

Property SizeContact for details
Days on Market148

Property Features for 5326 S Cornell Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 64
Listing Agency: Kiser Group
Listed By: Aaron Sklar · License #IL 475161507
Source: Crexi
Added: Apr 12 Changed: Aug 13 Last Checked: Aug 31 at 9:34PM

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

Investment Insights

Based on property information with market context.

The Victorian is a 64-unit apartment building featuring 40 studio units and 24 1bd/1ba units. The property is described as meticulously maintained, with recent improvements that include updated electric, newer windows and porches, and masonry and tuckpointing work.

The building is located in Chicago’s Hyde Park neighborhood, with University of Chicago and the downtown Hyde Park area noted as nearby. The remarks also cite proximity to Washington Park, Lake Michigan, and the Museum Campus, along with abundant public transportation options including CTA bus routes and Metra train lines.

This offering presents a single, sizable multifamily asset with two unit sizes, providing straightforward portfolio scale for an owner-operator or investor looking to acquire income-producing apartments within Hyde Park.

Key Highlights

  • 64‑unit multifamily building at 5326‑28 S. Cornell Ave in Chicago’s Hyde Park neighborhood.
  • Unit mix includes 40 studios and 24 1 bed / 1 bath apartments.
  • Recent building improvements include updated electric.

Property Analytics

Current Use

MMJ Pain Relief ... Medical Clinic Cornell Avenue Apartments ... Apartment Building The Victorian Apartments Apartment Building GADGETWORLD TECHNOLOGIES INC. Electronics & Wireless Store

Suggested Use

Top Pick Auto Repair Shop Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service Carpet & Flooring Store HVAC 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.

Lease Details

64
Residential units

Location Intelligence

Trade Area within ½ mile

2,749
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 - 64-unit multifamily building with a mix of studio and 1-bedroom apartments in Chicago’s Hyde Park.
Where is this apartment building located?
The property is located at 5326 S Cornell Ave Chicago, IL.
What are key features of this property?
This property features: 64‑unit multifamily building at 5326‑28 S. Cornell Ave in Chicago’s Hyde Park neighborhood.; Unit mix includes 40 studios and 24 1 bed / 1 bath apartments.; Recent building improvements include updated electric.
(773) 293-5032 Call to check price and availability
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