Description
Exceptional opportunity to acquire a large multifamily asset featuring approximately 38 beds and positioned for shared housing, student housing, workforce housing, co-living, or short-term rental strategies. Located within close proximity to the University of Chicago and other major educational, healthcare, and employment centers, this asset presents a unique opportunity for investors seeking to capitalize on the growing demand for housing in one of Chicago's most active and rapidly evolving markets. The property's layout and scale make it particularly attractive for operators focused on shared housing initiatives, student accommodations, workforce housing, or alternative residential investment models. Its location near a world-renowned Ivy League-caliber institution and major neighborhood redevelopment activity creates multiple pathways for revenue generation and long-term value creation. This offering is being marketed confidentially. Financial information, property details, and exact location will be provided to qualified buyers upon request. Please contact the listing agent for additional information, financials, and access to the offering package.
Details
| MLS # | 12685129 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 2000 |
| Days On Site | 25 |
| Listing Provided By | Lux Life Realty LLC | Yolanda Jeffries |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 38 |
| Zoning | COMMR |
| Acreage | 10000.00 |
Interior
| Cooling | Central Air |
|---|---|
| Fireplaces Total | 8 |
Exterior
| Foundation Details | Brick/Mortar |
|---|---|
| Construction Materials | Brick |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 28658.07 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60615 |
| Area | Confidential Commercial Listings |
| Listing VS Median (in 60615) | |
Price: $5,100,000 low | high Med: $199,925 On site: 25 low | high Med: 49.5 | |
Market Activity 60615
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60615 |
| Area | Confidential Commercial Listings |
| Listing VS Median (in 60615) | |
Price: $5,100,000 low | high Med: $199,925 On site: 25 low | high Med: 49.5 | |