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1312-1316 E 53rd St 25 Unit Apartment Building $4,000,000 ($160,000/Unit) Chicago, IL 60615
Executive Summary
Exceptional mixed-use investment opportunity in the heart of Hyde Park's highly desirable 53rd Street corridor. This well-maintained property at 1312-16 E 53rd Street features three (3) retail storefronts and twenty-four (24) residential units, including six (6) studios and eighteen (18) one-bedroom apartments, offering strong in-place income with significant upside potential. The building has benefited from key capital improvements, including a newer boiler, hot water heater, windows, and a silver-coated roof, providing peace of mind for incoming ownership. Investors have the opportunity to increase rents through cosmetic updates to kitchens and bathrooms, unlocking additional value and long-term returns. Ideally located in a high-traffic, pedestrian-friendly retail corridor, the property is surrounded by a vibrant mix of restaurants, cafes, boutiques, and national retailers. Just steps from the University of Chicago and near Harper Court, the area draws consistent demand from students, professionals, and residents alike. Tree-lined residential streets, strong neighborhood character, and convenient access to public transportation, including the nearby Metra station, further enhance the appeal. Perfect for investors seeking a stable, income-producing asset with value-add potential in one of Chicago's most dynamic neighborhoods.
Property Facts Under Contract
| Price | $4,000,000 | Building Class | C |
| Price Per Unit | $160,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 21,030 SF |
| No. Units | 25 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Cross Streets | Kimbark Ave |
| Apartment Style | Low-Rise | ||
| Zoning | B3-2 | ||
| Price | $4,000,000 |
| Price Per Unit | $160,000 |
| Sale Type | Investment |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 21,030 SF |
| No. Stories | 3 |
| Year Built | 1927 |
| Cross Streets | Kimbark Ave |
| Zoning | B3-2 |
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Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 20-11-408-024-0000 | Improvements Assessment | $207,882 |
| Land Assessment | $23,748 | Total Assessment | $231,630 |
Property Taxes
Parcel Number
20-11-408-024-0000
Land Assessment
$23,748
Improvements Assessment
$207,882
Total Assessment
$231,630
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1312-1316 E 53rd St
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