Property Overview

5401 S. Ellis Ave. is a courtyard style apartment building located in the highly desirable Hyde Park Neighborhood of Chicago. The property features a grand lobby entrance leading tenants to well laid out studios and one bedroom one bathroom layouts. The property is ideally situated in proximity to the University of Chicago, abundant retail options, Lake Michigan, the Museum of Science & Industry, multiple bus & Metra stops, and the future Obama Presidential Library site.

The property offers significant value-add potential via renovation and potential reconfiguration of units, all of which are in vintage condition. The ground level offers abundant raw space with high ceilings, allowing for the addition of property amenities. In addition, all tenancies are currently month to month, allowing a new owner flexibility with the implementation of a new business plan.

Highlights

  • Great Hyde Park Location
  • 62 Unit Courtyard Style Building
  • Walking Distance To The University of Chicago
  • True Value Add Opportunity
  • Ideal Layouts
  • Spacious Inviting Lobby
  • Abundant Ground Level Space With High Ceilings To Add Amenities

Key Details

Sale Price
$6,995,000
Number of Units
Sixty-Two (62)
Submarket
Hyde Park