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5131 S University Ave 43 Unit Apartment Building $6,400,000 ($148,837/Unit) 5.35% Cap Rate Chicago, IL 60615
INVESTMENT HIGHLIGHTS
- Hyde Park Vintage Courtyard
- Value-Add (Same Ownership Since 1964)
- Two Blocks To University Of Chicago Campus
EXECUTIVE SUMMARY
5123 S. University Ave in Chicago, IL presents investors with the opportunity to acquire a well-located multifamily asset in the heart of Hyde Park. The property, located in one of
Chicago’s most stable and demand-driven submarkets, has been owned by the same family since 1964. Situated just steps from the University of Chicago and the 53rd Street
retail corridor, the property benefits from consistent tenant demand and strong rental fundamentals. The building features spacious unit layouts with classic vintage elements, offering clear value-add potential through interior renovations, modernization of finishes, and operational efficiencies. With the ability to enhance rents through unit upgrades and improved amenities, investors can capitalize on Hyde Park’s limited housing supply, proximity to major academic and medical institutions, and long-term neighborhood growth.
Chicago’s most stable and demand-driven submarkets, has been owned by the same family since 1964. Situated just steps from the University of Chicago and the 53rd Street
retail corridor, the property benefits from consistent tenant demand and strong rental fundamentals. The building features spacious unit layouts with classic vintage elements, offering clear value-add potential through interior renovations, modernization of finishes, and operational efficiencies. With the ability to enhance rents through unit upgrades and improved amenities, investors can capitalize on Hyde Park’s limited housing supply, proximity to major academic and medical institutions, and long-term neighborhood growth.
PROPERTY FACTS
| Price | $6,400,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $148,837 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 5.35% | Building Size | 31,050 SF |
| No. Units | 43 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | ||
| Zoning | RM-5 | ||
| Price | $6,400,000 |
| Price Per Unit | $148,837 |
| Sale Type | Investment |
| Cap Rate | 5.35% |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 31,050 SF |
| No. Stories | 3 |
| Year Built | 1923 |
| Zoning | RM-5 |
AMENITIES
UNIT AMENITIES
- Storage Space
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Dining Room
SITE AMENITIES
- Business Center
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Furnished Units Available
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 375 |
| 1+1 | 30 | - | 750 |
| 2+1 | 7 | - | 900 |
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Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 20-11-305-006-0000 | Improvements Assessment | $157,694 |
| Land Assessment | $111,848 | Total Assessment | $269,542 |
PROPERTY TAXES
Parcel Number
20-11-305-006-0000
Land Assessment
$111,848
Improvements Assessment
$157,694
Total Assessment
$269,542
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5131 S University Ave
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