Interra Realty has been exclusively engaged to market 5300 S. Blackstone Avenue, Chicago, for sale. The subject investment property is a corner, mixed-use building in a prime location within the Hyde Park Neighborhood.
The property is comprised of 24 apartments over street-level retail and office. The corner retail space is leased to Philz Coffee, a West Coast-based chain that occupied the subject property as part of their initial Chicago rollout. The office space is occupied by the seller’s property management company, which will lease back the space at closing. The apartments feature an attractive mix of one, two, and three-bedroom layouts. All apartments feature renovated kitchens and bathrooms, in-unit laundry, and individual HVAC. There is a 16-car parking lot in the rear of the property, a rare amenity in the heart of Hyde Park.
A new investor has the rare opportunity to acquire a trophy, corner mixed-use asset on one of the best retail corridors in Chicago. The property is also a short walk from the University of Chicago’s campus and Medical Center. The property is being offered free and clear of existing debt.
- Prime Corner in Hyde Park Adjacent to Sophy Hotel
- Premier Corner Retail Tenant and Sale-Leaseback for Office
- Renovated Apartments with Attractive Unit Mix
- Individual HVAC and In-Unit Laundry
- Rare 16 Car Parking Lot