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Property profile & analytics

5345 University Ave Chicago, IL 60615

  • Retirement homes
  • 12,954 SF
  • 0.22 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-1351454
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retirement homes

Property Details for 5345 University Ave

Year built
1909
Lot size
0.22 lot acres
Property size
12,954 SF
Property type
Retirement homes
Property subtype
Dormitories
APN
20-11-319-028-0000

Description

This 12,954 sq ft, three-story brick building in Chicago's Hyde Park presents a unique redevelopment opportunity. Currently zoned RS-3, it offers flexibility for various uses, including a single-family home, group home, or community center. Potential rezoning to RT-4 could allow for approximately eight units. The property boasts 10 bedrooms, 6 bathrooms, 3 sun porches, 2 large common areas, and a 3-car garage with a 2-bedroom/1-bathroom apartment above. Extensive renovations since 2008, totaling over $2 million, include roof upgrades (2017, garage 2023), tuckpointing (2016), window replacements, landscaping (2022), and a complete electrical system upgrade (2024). Located steps from the University of Chicago, the lakefront, and downtown Hyde Park amenities, this property is also a short drive from the Loop. The property is eligible for federal and state tax incentives. The asking price is $1,606,000, with a pro-forma NOI of $112,905 and a pro-forma cap rate of 7.03%. The building was constructed in 1909 and extensively renovated in 2024. The 0.22-acre lot is situated at 5345 S University Ave, Chicago, IL 60615 (APN: 20-11-319-028-0000). The property is currently vacant, with an occupancy date of September 11, 2024. The building features two structures and three stories. Utilities include a single electric, water, and gas meter with a boiler heating system. The garage apartment has separately metered utilities and window air conditioning.


Value Estimations

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Location Insight

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City
Chicago
County
Cook
State
Illinois
Longitude
-87.5977836
Latitude
41.7981561
More about this property
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