STATELY HISTORIC REDEVELOPMENT OPPORTUNITY IN HYDE PARK: A

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Commercial Sale Pending

5345 S University Avenue

Chicago, Illinois 60615

Cook County

Community: 

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$1,606,000 0 br, 0.0 bath 12954 sq. ft. 0.220 acres

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.

Interior:
  • Bedrooms: 0
  • Baths: 0.0
  • Sq Ft: 12954
  • Year Built: 1909
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.220 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: Brick
  • Roof: 
  • MLS #: 12158053
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Contact Information:
phone Call now 1-855-943-4259
Beach Commercial Sale Pending in Chicago, Illinois
Listing Agent: Leah Erickson, Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell), 815-553-2406, 815-553-2406 Listing Site, Listing Status: Pending
Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 5352002
Viewed 19 times.
Updated: Sep 09, 2024

This property is a Commercial located at 5345 S University Avenue, Chicago, Illinois 60615, and is currently Sale Pending at $1,606,000. This Commercial has 0 bedrooms, 0.0 baths, 12954 sq ft.

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