Properties

Features
: Window Unit(s)
Address Map
US
IL
Cook
Chicago
60615
53rd
1316
Street
W88° 24' 20.4''
N41° 47' 59.1''
Lake Shore Drive south to 53rd St, west to property
CHI - Hyde Park
E
COMMR
Additional Information
Circuit Breakers
67x149.9
27
3
@properties Commercial
Kevin Rocio
Financial
45881
Listing Information
183301
85348
New
2026-04-15T14:19:03Z
MRED
2026-04-13T22:19:38Z
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.

Commercial Sale For Sale

1316 E 53rd Street, Chicago, Illinois 60615

$4,000,000
Listing ID#12618109
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12618109
Price : $4,000,000
Year Built : 1927
Listing Status : Active
Property Sub Type : Mixed Use
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