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$2,225,000

  • For Sale
  • Active
  • Commercial
  • Updated 12 days ago
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Apartment building located near the University of Chicago, one of the most powerful institutional anchors in the Midwest. Hyde Park is known for stable tenant demand, timeless architectural character, and consistent long term appreciation. The location offers immediate access to the University of Chicago along with close proximity to Lake Michigan, Downtown Chicago, and accessible public transportation, all of which support a deep and dependable renter pool. This property is ideally suited for investors seeking a core Hyde Park position with strong in place income and durable long term value growth. The location drives consistently high demand, makes this an outstanding opportunity in one of the most resilient and historically stable multifamily submarkets in Chicago.

Full Property Details for 5124 S University Ave

General

  • Price: $2,225,000
  • Taxes: $28,013 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12568254
  • Updated: 2/19/2026
  • Added to Site: 18 day(s) ago

Location

  • Area: CHI - Hyde Park
  • County: Cook
  • Driving Directions: 5124-5126 S. University Ave. Chicago, IL 60615... South of Hyde Park Boulevard

Heating & Cooling

  • Heating Type: Radiators

Structural Information

  • Stories/Levels: 3
  • Year Built: 1904
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Sq. Ft.): 8,200
  • Lot Dimensions: 8200

Financial Considerations

  • Operating Expenses: $82,232
  • Assessment Year: 1904
  • Tax Amount: $28,013
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 20113040090000

Listed by Chicago Real Estate Resources

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— 5124 S University Ave —

  • Chicago Real Estate Resources

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 5124 S University Ave

School District:Chicago Public School District 299
NameGradesDistance
Kozminski Elementary Community Academy
936 East 54th Street, Chicago, IL 60615
PK-80.3 mi
Kenwood Academy High School
5015 South Blackstone Avenue, Chicago, IL 60615
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5124 S University Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/13/2026
Listed
$2,225,000
217.18%
MLS
9/08/2017
Sold
$701,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5124 S University Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$19,381
3%
$91,530
—
2022
$18,826
-6%
$91,530
-8%
2021
$20,109
49%
$100,000
65%
2020
$13,520
—
$60,690
-10%
2019
$13,548
2%
$67,434
—
2018
$13,321
-12%
$67,434
-4%
2017
$15,101
7%
$70,147
—
2016
$14,050
9%
$70,147
—
2015
$12,854
4%
$70,147
6%
2014
$12,324
2%
$66,421
—
2013
$12,080
1%
$66,421
—
2012
$11,919
—
$66,421
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5124 S University Avenue, Chicago, IL 60615 (MLS# 12568254) is a Commercial property. 5124 S University Avenue is currently listed for $2,225,000 and was received on February 13, 2026. Want to learn more about 5124 S University Avenue? Do you have questions about finding other Commercial real estate for sale in Hyde Park? You can browse all Hyde Park real estate or contact a Coldwell Banker agent to request more information.

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