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Chicago & Midwest  + South Side  + Apartments  | 

Mixed-Use Property in Chicago’s Hyde Park Neighborhood Sells

Interra Realty has brokered the off-market sale of a 33-unit mixed-use property at 5704 S. Harper Ave. in the city’s Hyde Park neighborhood for $6.6 million. Interra Senior Managing Partner Brad Feldman represented both the buyer, a local private investor, and seller, a private family partnership.

The corner building includes 28 one-bedroom apartments and five commercial spaces, the latter of which are fully leased by a Subway restaurant, bike shop, convenience store, barbershop and real estate office. At the time of sale, the residential units were also fully occupied.

“There was a great deal of investor interest given the property’s prime location in Hyde Park near the University of Chicago, large concentration of students living there and historically high occupancy rates of both the residential and retail portions,” said Feldman. “While the building is in great condition, the buyer has the ability to modernize units to add overall value.”

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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