CRER Senior Director Finley Askin recently closed the $5.85 million sale of a 66-unit mixed-use property at 5220 S Harper Ave in Chicago’s Hyde Park neighborhood. Finley represented both the buyer and the seller in the transaction.
The property includes 64 residential units and two commercial spaces, located just off the 53rd street corridor in the heart of Hyde Park and directly across the street from the Harper Court Development. This strategic location offers immediate access to national retailers such as Target, Sweetgreen, Starbucks, Chipotle, and Chick-fil-A, and is just blocks from the University of Chicago and UChicago Medicine.
The buyer, an out-of-state investor, identified the asset as a value-add opportunity with strong upside potential. With development projects underway nearby, the area continues to see significant investment and growth. The buyer plans to rehab the building and capitalize on the rising demand for quality rental housing and commercial space in this dynamic neighborhood.
For more information on current opportunities in Hyde Park and throughout the city, contact Finley Askin at CRER.
