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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