5124 S University Avenue Chicago, IL ^$ 2,225,000

5124 S University Avenue

^$ 2,225,000

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Recently Listed

5124 S University Avenue

Chicago, IL, 60615

^$ 2,225,000

Bedrooms9 Baths0.0

Monthly Estimate*

^$ 13,700

5124 S University Avenue, Chicago, IL 60615 - Image 1

5124 S University Avenue, Chicago, IL 60615 - Image 2

5124 S University Avenue, Chicago, IL 60615 - Image 3

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5124 S University Avenue, Chicago, IL 60615 - Image 8

Multi-Family Home for sale in Chicago, IL

for $2,225,000 with 9 bedrooms. This home was built in 1904 on a lot size of 0.188246.

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.

Multi-Family Active

Price

^$ 2,225,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 28,013

Style

Lot Size

0.188246

Year Built

1904

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12568254

Features

General

Year Built 1904

Stories Count 3

Tax Year 2024

Gross Income 256274

County Cook

Net Operating Income 166122

Operating Expense 82232

Insurance Expense 0

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 0

Status Active

Directions 5124-5126 S. University Ave. Chicago IL 60615... South of Hyde Park Boulevard

City Chicago

Number Of Units Total 8

MLS Area CHI - Hyde Park

Lot Size Square Feet 8200

Tax Annual Amount 28013

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Cap Rate 7.47

Exterior

Lot Dimensions 8200

* Excluded Features

List By

Chicago Real Estate Resources

Broker

stevenr@crer.com

Affordability Calculator

$16,034

Per Month

Monthly Principal & Interest: $13,700
Monthly Property Taxes: $2,334
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$607,426

Percent of Sale Price 73%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/13/2026	$2,225,000		Listed Price

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5124 S University Avenue, Chicago, IL, 60615 is a Multi-Family Home for sale at $2,225,000 with a lot size of 0.188246. 5124 S University Avenue has 9 bedrooms, 0.0 baths, and was built in 1904. The property's zip code is 60615 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 2/21/2026.

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5124 S University Avenue

Multi-Family Home for sale in Chicago, IL

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