STATELY HISTORIC REDEVELOPMENT OPPORTUNITY IN HYDE PARK: A VISIONARY'S DREAM! This beautiful 3-story brick property in the heart of Hyde Park could be used as single family home, a group home, a community center, and more! With a rezoning to adjacent RT-4, the building could be converted to approximately 8 total units by broker's estimate, or by floor for a total of 3 units with condo potential. This historic property has been a single family residence, a 4-unit dwelling, and most recently, a dormitory. Tuckpointing completed in 2016, roof upgrades in 2017, and a new roof on the garage in 2023. Windows have been upgraded. Professional landscaping with paver patio and new partial property fencing in 2022. Upgraded electrical system in 2024 with total improvements totaling $2M since 2008. This property features a single electric, water, and gas meter with a boiler heating system, and no central A/C in the main home but separately metered utilities in the garage apartment with window A/C. The current floor plan of the property includes 10 bedrooms, 6 bathrooms, 3 beautiful heated sun porches, a main kitchen, dining area, 2 large meeting areas/family rooms, ample storage throughout, a 3-car garage with apartment above. This property is located within the Hyde Park-Kenwood Historic District which offer federal and state level tax incentives for qualified improvements. The property is steps away from downtown Hyde Park's entertainment and shopping areas, steps from the University of Chicago, the Chicago lakefront, and a short ten-minute drive to the Loop.
| Property Type | Multi-Family |
|---|---|
| Property Use | Other Residential |
| Year Built | 1909 |
| Renovated Year | 2024 |
| Level Number | 3 |
| Average Floor Size | 2,658 |
| Lot Dimensions | 60x140 |
| Available Floors | 3 |
| Max Continuous Area | 9,924 |
| Sub-Lease | 1 |
| Zoning | RS-3 |
| Tax Year | 2023 |
| Listing ID | E4JP99 |
| MLS ID | 12150321 |
| Additional MLS | 12149937 |
| Style | Multi Family - 2-4 Units |
| Building Size | 9,924 SF |
| Lot Size | 0.22 AC |
Region: Chicago
Region: Hyde Park
| Parking Places: | 3 |
| Full Bath: | 7 |
| Rooms: | Guest Suite |
| Cooling: | No A/C |