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Chicago & Midwest  + South Side  + Student Housing  | 

Peak Properties Will Reposition Hyde Park Apartments as Student Housing

Peak Properties, LLC has been named to lease, rehabilitate and rebrand 30 units in the South Side’s Hyde Park neighborhood. The property was acquired recently by 5401 S. University, LLC for approximately $5.7 million, and the new owners plan to reposition the apartments as premium student housing near the University of Chicago.


Renovations are underway at two cojoining buildings located at 5401 S. University Ave and 5411-15 S. University Ave. “This is an unbelievably well-maintained, yet very old property that has not been touched in decades, with 30 very large units that average 1,200-1,300 square feet,” said Mike Zucker, managing partner of Peak Properties.

“It will be unique in the sense we are offering the students every bell and whistle as well as offering almost every student a 1:1 bedroom-to-bathroom ratio, which is very uncommon in a vintage property,” he added.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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