$3,415,000

1316 E 53rd Street, Chicago IL, 60615

Price per sqft$162.39

Built in1927

Property size21,030 sqft

Property typeOther

Bought with Kevin Rocio with @properties Commercial and Listed by Kevin Rocio with @properties Commercial 312-337-0200

Overview

Sold

Closed

Listed Apr 13, 2026

Updated 13 days ago

Exceptional mixed-use investment opportunity in the heart of Hyde Park's highly desirable 53rd Street corridor. This well-maintained property at 1312-16 E 53rd Street features three (3) retail storefronts and twenty-four (24) residential units, including six (6) studios and eighteen (18) one-bedroom apartments, offering strong in-place income with significant upside potential. The building has benefited from key capital improvements, including a newer boiler, hot water heater, windows, and a silver-coated roof, providing peace of mind for incoming ownership. Investors have the opportunity to increase rents through cosmetic updates to kitchens and bathrooms, unlocking additional value and long-term returns. Ideally located in a high-traffic, pedestrian-friendly retail corridor, the property is surrounded by a vibrant mix of restaurants, cafes, boutiques, and national retailers. Just steps from the University of Chicago and near Harper Court, the area draws consistent demand from students, professionals, and residents alike. Tree-lined residential streets, strong neighborhood character, and convenient access to public transportation, including the nearby Metra station, further enhance the appeal. Perfect for investors seeking a stable, income-producing asset with value-add potential in one of Chicago's most dynamic neighborhoods.

Additional information

MLS^® ID: 12618109

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.23 Acres

Other Property Details

Taxes: $45,881
Tax Frequency: Annually

Bought with Kevin Rocio with @properties Commercial and Listed by Kevin Rocio with @properties Commercial 312-337-0200

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Based on information submitted to the MLS GRID for MRED 9/10/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

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