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Listed by Kevin Rocioof @properties Commercial
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Est. payment /mo
21,030 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 21,030 sqft
MLS Listing ID 12618109
Year Built 1927
Annual Tax Amount $45,881
Tax Year 2025
Lot Dimensions 67x149.9
Property Sub-Type Mixed Use
Property Description
Exceptional mixed-use investment opportunity in the heart of Hyde Park's highly desirable 53rd Street corridor. This well-maintained property at 1312-16 E 53rd Street features three (3) retail storefronts and twenty-four (24) residential units, including six (6) studios and eighteen (18) one-bedroom apartments, offering strong in-place income with significant upside potential. The building has benefited from key capital improvements, including a newer boiler, hot water heater, windows, and a silver-coated roof, providing peace of mind for incoming ownership. Investors have the opportunity to increase rents through cosmetic updates to kitchens and bathrooms, unlocking additional value and long-term returns. Ideally located in a high-traffic, pedestrian-friendly retail corridor, the property is surrounded by a vibrant mix of restaurants, cafes, boutiques, and national retailers. Just steps from the University of Chicago and near Harper Court, the area draws consistent demand from students, professionals, and residents alike. Tree-lined residential streets, strong neighborhood character, and convenient access to public transportation, including the nearby Metra station, further enhance the appeal. Perfect for investors seeking a stable, income-producing asset with value-add potential in one of Chicago's most dynamic neighborhoods.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com