The Victorian 5326 S Cornell Ave

64 Unit Apartment Building $7,550,000 ($117,969/Unit) Chicago, IL 60615

Investment Highlights

  • Next door to University of Chicago & UChicago Medicine Campus
  • Ideal unit mix of studio & one-bedrooms
  • On site laundry facilities
  • Upside via value-add program

Executive Summary

The asset is strategically located within the Hyde Park neighborhood, where residents enjoy access to national retailers, shopping, eclectic coffee shops, restaurants, grocery stores, parks, museums, and education. Immediate proximity to the University of Chicago and the UChicago Medicine Campus makes these communities an ideal home for students, professionals, staff and all others commuting to downtown Chicago. Residents can enjoy being steps to Washington Park, Lake Michigan, and numerous landmarks amongst the Museum Campus. Public transportation options are also abundant, offering access to CTA bus routes and Metra train lines, and residents can use miles of walking and biking trails.

Property Facts

Price $7,550,000
Price Per Unit $117,969
Sale Type Investment
No. Units 64
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.23 AC
Building Size 33,350 SF
Average Occupancy 92%
No. Stories 5
Year Built 1920
Parking Ratio 1.92/1,000 SF
Cross Streets 54th St.

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Heating
  • Kitchen
  • Oven
  • Range
  • Walk-In Closets

Site Amenities

  • 24 Hour Access
  • Business Center
  • Controlled Access
  • Property Manager on Site
  • Tenant Controlled HVAC
  • Elevator
  • Maintenance on site
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 35 - 500
1+1 29 - 500
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (98)

PROPERTY TAXES

  • Listing ID: 34481001

  • Date on Market: 1/14/2025

  • Last Updated:

  • Address: 5326 S Cornell Ave, Chicago, IL 60615