Keller Williams ONEChicago Brokers Hyde Park Mixed-Use Deal for $10M
Keller Williams ONEChicago has brokered the sale of the 40-unit, mixed-use property at 5228 Blackstone St. in the South Side’s Hyde Park for $10.4 million. According to the company, the sale represents the community’s largest transaction for a single, mixed-use property with less than 100 units.
ONEChicago’s Frank Martinez and Tony Hardy represented the buyer and seller, respectively. The buyer plans to keep the 5228 S Blackstone as a long-term investment due to tenants:
The Hyde Park Salon & Barber: Since 1927, barbers have been continually operating out of this location, which was featured in the movie “Barbershop”
Boston Market: The property’s anchor tenant has operated at this location since the mid-1990s.
Betty O’s Day Spa: The facility at this location was listed as one of Oprah’s “Favorite Things” in the 1980s.
The property generated 17 offers and a $3.5-million over-list sale price.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.