Essex Lists 124-Unit Hyde Park Building

CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Realty Group, Inc. announced it has been exclusively engaged to market for sale 5550 S. Dorchester Ave., a 124-unit, 15 story apartment building located in the heart of Chicago’s Hyde Park neighborhood.

The property has been updated and offers a diverse mix of units including 13 studios, 82 one-bedroom/one-bathroom, and 29 two bedroom/one-bathroom apartments. The majority of these units are equipped with modern amenities including stainless steel kitchen appliances, quartz countertops, and radiator heat, with select units featuring hardwood floors.

The property is listed by Doug Imber, Kate Varde and Rick Ofman. According to Varde, “There have only been five larger apartment properties sold in Hyde Park during the past five years. 5550 S. Dorchester provides investors with scale, upside, and immediate cash flow in a premier Hyde Park location.”