5345 S University Avenue, Chicago IL 60615

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$1,606,000

5345 S University Avenue, Chicago, IL 60615

bedrooms

bathrooms

square feet

12,954

Acreage

0.22

Open Houses

year built

1909

Full Baths

Half Baths

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STATELY HISTORIC REDEVELOPMENT OPPORTUNITY IN HYDE PARK: A VISIONARY'S DREAM! This beautiful 3-story brick property in the heart of Hyde Park could be used as a single-family home, a group home, a community center, and more! With a rezoning to adjacent RT-4, the building could be converted to approximately 8 total units by broker's estimate, or by floor for 3 units with condo potential. This historic property has been a single-family residence, a 4-unit dwelling, and most recently, a dormitory. Tuckpointing was completed in 2016, roof upgrades in 2017, and a new roof on the garage in 2023. Windows have been upgraded. Professional landscaping with paver patio and new partial property fencing in 2022. Upgraded electrical system in 2024 with total improvements totaling 2M since 2008. This property features a single electric, water, and gas meter with a boiler heating system. There is no central A/C in the main home but separately metered utilities in the garage apartment with window A/C. The current floor plan of the property includes 10 bedrooms, 6 bathrooms, 3 beautiful heated sun porches, a main kitchen, dining area, 2 large meeting areas/family rooms, ample storage throughout, a 3-car garage with 2 bedrooms, 1 bath apartment above. This property is located within the Hyde Park-Kenwood Historic District, which offers federal and state tax incentives for qualified improvements. The property is steps away from downtown Hyde Park's entertainment and shopping areas, steps from the University of Chicago, the Chicago lakefront, and a short ten-minute drive to the Loop. EM payable to Coldwell Banker Real Estate Group via certified funds.

Location
Subdivision	-
County	Cook
Elementary School	-
Middle School	-
High School	-

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None scheduled.

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MLS number: 12158053

Listing agent: Leah Erickson #475204597

Listing broker: Honig Realty, Inc. (Dba. Coldwell Banker Honig-Bell) (815) 553-2406

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Saturday, November 9 2024 at 5:23 a.m. EST

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