5124 S University Avenue, Chicago, IL 60615

Active · For Sale · Multi Family 5+

$2,225,000

5124 S University Avenue, Chicago, IL 60615

Units
8
Price / Unit
$278,125
Est. Cap Rate
7.82%
Est. GRM
8.68

Property Overview

Apartment building located near the University of Chicago, one of the most powerful institutional anchors in the Midwest. Hyde Park is known for stable tenant demand, timeless architectural character, and consistent long term appreciation. The location offers immediate access to the University of Chicago along with close proximity to Lake Michigan, Downtown Chicago, and accessible public transportation, all of which support a deep and dependable renter pool. This property is ideally suited for investors seeking a core Hyde Park position with strong in place income and durable long term value growth. The location drives consistently high demand, makes this an outstanding opportunity in one of the most resilient and historically stable multifamily submarkets in Chicago.

Investor Resource

Property Intelligence

Financial Snapshot

Reported Annual Income
$256,274
Reported Annual Expenses
$82,232
Estimated NOI
$174,042
Estimated Cap Rate
7.82%
Estimated GRM
8.68
Annual Taxes
$28,013 (2024)

Property Details

Units
8
Lot Size
8,200 SF
Lot Dimensions
8200
Stories
3
Year Built
1904
Building Age
Older
Parcel Number
20113040090000

Operations & Utilities

Heating
Radiators

Location & Use

County
Cook
Market Area
Chicago - Hyde Park

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.