Portfolio Hyde Park Blvd Chicago, IL 60601

Property Details for Portfolio Hyde Park Blvd

Year built

1920

Property size

33,350 SF

Property type

Apartment buildings

Description

This exceptional multifamily investment opportunity presents a portfolio of three apartment buildings nestled in the heart of Chicago's vibrant Hyde Park neighborhood. Boasting a total of 33,350 square feet, the portfolio comprises 141 units, strategically divided into a mix of studios and one-bedroom apartments. Built in 1920, these buildings offer spacious layouts and unique common areas, enhanced by controlled entry for added security and tenant peace of mind. Each building includes convenient on-site laundry facilities. The portfolio's prime location offers immediate scale and proximity to the prestigious University of Chicago and its affiliated medical campus, ensuring strong rental demand and potential for future growth. A value-add program is currently underway, focusing on bringing rents to market rates and implementing a ratio utility billing system scheduled for rollout in 2025. This presents a significant opportunity for new ownership to capitalize on increased profitability. While the portfolio is offered as a whole, consideration may be given to offers on individual properties. This is a rare chance to acquire a substantial multifamily asset in one of Chicago's most desirable and stable neighborhoods. The portfolio's strong fundamentals and potential for further value enhancement make it an attractive investment for discerning buyers.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6197

Latitude

41.884