5345 S University Avenue , Chicago, IL 60615
Chicago, IL 60615
Description
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.
Details
| MLS# | 12158053 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1909 |
| Days On Site | 127 |
| Listing Provided By | Coldwell Banker Commercial Real Estate Group | Leah Erickson |
Features
| SQ Feet | 12,954 |
|---|---|
| Story(s) | 3 |
| Units | 9 |
| Zoning | MULTI |
| Acreage | 0.22 |
Market Activity 60615
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60615 |
| Area | CHI Hyde Park |
| Listing VS Median (in 60615) | |
Price: $1,606,000 low | high Med: $169,000 SqFt: 12,954 low | high Med: 1,800 $ / SqFt: $124 low | high Med: $94 On Site: 127 low | high Med: 201.000000 | |