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About the Listing 85348 - 183301
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.
Listing Highlights
Status
Active
Days on Site
3
Property Type
Commercial Sale
MLS ®
12618109
Year Built
1927
Total Square Footage
0
Lot/Acreage
0.23
County
Cook
Area
CHI - Hyde Park
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Central Bldg Heat
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 67x149.9
- Zoning: COMMR
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $45,881
- Taxes w/Assessments: N/A
- Tax/Property ID: 20114080240000
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
1316 E 53rd St Chicago, IL 60615
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