5326 S Cornell Ave Chicago, IL 60615

Property Details for 5326 S Cornell Ave

Year built

1920

Property type

Residential income homes

Property subtype

Residential income properties

Description

This exceptional multifamily investment property, totaling 33,350 square feet, is situated in Chicago's desirable Hyde Park neighborhood. Its strategic location offers unparalleled access to a wealth of amenities and services. Residents enjoy immediate proximity to the University of Chicago and the UChicago Medicine Campus, creating a high demand for rental units. The property benefits from its proximity to national retailers, diverse shopping options, popular coffee shops and restaurants, well-stocked grocery stores, expansive parks, world-renowned museums, and esteemed educational institutions. Residents can easily access Washington Park, Lake Michigan, and the Museum Campus. The property's convenient location also provides access to abundant public transportation, including CTA bus routes and Metra train lines, as well as extensive walking and biking trails. The building features an ideal unit mix of studios and one-bedroom apartments, and includes on-site laundry facilities. Significant upside potential exists through a value-add program. The property sits on a 0.76-acre lot. This presents a compelling investment opportunity in a thriving and highly sought-after Chicago neighborhood. The strong rental demand, coupled with the property's desirable features and location, makes this an attractive asset for discerning investors.