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$5,100,000
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Property 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.
Full Property Details
Full Property Details for MLS# 12685129
General
- Price: $5,100,000
- HOA FEE: $5,000
- Taxes: $28,658 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12685129
Interior
- Basement: Finished
- Fireplace: Yes
- Number of Fireplaces: 8
Location
- Area: Confidential Commercial Listings
- County: Cook
- Township: Hyde Park
- Driving Directions: Take 51st over to Drexel and south to the property.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Trash: 3000
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished
- Foundation: Brick/Mortar
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 2000
Unit Information
- Units w/Refrigerators: 8
- Units w/Range/Oven: 8
- # Dryers: 8
Lot Features
- Lot Dimensions: 10000
- Potential Use: Special Use, Single Room Occupancy
- Zoning: COMMR
Financial Considerations
- Maint. Fee: $5,000
- Insurance Fee: $8,386
- Operating Expenses: $233,016
- Other Fee: $120,500
- Assessment Year: 2000
- Tax Amount: $28,658.07
- Tax Year: 2025
- Pays Electric: 4800
- Pays Trash: 3000
Disclosures and Reports
- Property ID: 20111140020000
Listed by Lux Life Realty LLC
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Schools
Schools serving MLS# 12685129
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Reavis Elementary Math & Sci Spec School 834 East 50th Street, Chicago, IL 60615 | PK-8 | 0.1 mi |
Kenwood Academy High School 5015 South Blackstone Avenue, Chicago, IL 60615 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Estimate the Cost
Estimate the Cost for MLS# 12685129
MLS# 12685129, Chicago, IL 60615 (MLS# 12685129) is a Commercial property. MLS# 12685129 is currently listed for $5,100,000 and was received on July 29, 2026. Want to learn more about MLS# 12685129? Do you have questions about finding other Commercial real estate for sale in Chicago? You can browse all Chicago real estate or contact a Coldwell Banker agent to request more information.

