Executive Summary
Real Estate Broker Steven Rapoport sold the 21 unit apartment building located at 5135-5145 S Ingleside Ave in the Hyde Park neighborhood of Chicago. The seller, a legacy Hyde Park owner was motivated to cash in on recent appreciation in the neighborhood. The buyer of this property will be doing extensive renovations. In 2015 the sale price per unit for an apartment building in Hyde Park ranged from $19,038 to $179,167 with an average sale price per unit of $103,409. In 2016 and the beginning of 2017 the sale price per unit for an apartment buildings in Hyde Park ranged from $12,419 to $304,791 with an average sale price per unit of $166,950. The average sale price per unit went up 61% in 2016 and the beginning of 2017 compared to 2015.