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Chicago & Midwest  + South Side  + Apartments  | 

Hyde Park Apartments Trade for $9M

Essex Realty Group has brokered the $9.15-million sale of 6140 S. Drexel Ave., an 86-unit apartment building in Hyde Park. Buyer and seller were not disclosed.

The property’s unit mix consists of 35 three-bedroom, 33 two-bedroom and 17 one-bedroom apartments, along with one four-bedroom. It’s situated on the west side of Drexel Avenue between 61st & 62nd streets, steps from the University of Chicago, Midway Plaisance and Washington Park, with several national retailers nearby.

Essex Realty’s Doug Fisher and Vic Ciancetta were the brokers on the transaction. An eight-unit property at 5417 S. Drexel Ave. in Hyde Park is currently under contract, according to the firm’s website.

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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 13-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 15-20 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 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).