5345 S University Avenue, Chicago, IL 60615

1 of 80

CommercialFor Sale

$1,606,000

5345 S University Avenue

Chicago, IL 60615

Courtesy of Coldwell Banker Commercial Real Estate Group

Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID

12,954Sq Ft

Est. Mortgage

$8,390/mo

STATELY HISTORIC REDEVELOPMENT OPPORTUNITY IN HYDE PARK: A VISIONARY'S DREAM! This beautiful 3-story brick property in the heart of Hyde Park could be used as a single-family home, a group home, a community center, and more! With a rezoning to adjacent RT-4, the building could be converted to approximately 8 total units by broker's estimate, or by floor for 3 units with condo potential. This historic property has been a single-family residence, a 4-unit dwelling, and most recently, a dormitory. Tuckpointing was completed in 2016, roof upgrades in 2017, and a new roof on the garage in 2023. Windows have been upgraded. Professional landscaping with paver patio and new partial property fencing in 2022. Upgraded electrical system in 2024 with total improvements totaling 2M since 2008. This property features a single electric, water, and gas meter with a boiler heating system. There is no central A/C in the main home but separately metered utilities in the garage apartment with window A/C. The current floor plan of the property includes 10 bedrooms, 6 bathrooms, 3 beautiful heated sun porches, a main kitchen, dining area, 2 large meeting areas/family rooms, ample storage throughout, a 3-car garage with 2 bedrooms, 1 bath apartment above. This property is located within the Hyde Park-Kenwood Historic District, which offers federal and state tax incentives for qualified improvements. The property is steps away from downtown Hyde Park's entertainment and shopping areas, steps from the University of Chicago, the Chicago lakefront, and a short ten-minute drive to the Loop. EM payable to Coldwell Banker Real Estate Group via certified funds.

Get in touch

Based on information submitted to the MLS GRID as of 10/01/2024 05:25 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Some IDX listings may have been excluded from this website. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MTP or MRED, and that the use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Community / School Information