Essex Realty Group Lists Newly Constructed 60-Unit Property Across from UChicago

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group has been exclusively engaged to market for sale 825 E. 61st Street, a newly constructed 60-unit multifamily property located directly across from the University of Chicago campus at the intersection of Hyde Park and Woodlawn.

Transaction Summary

• Transaction Type: Hyde Park Multifamily Property Listing
• Address: 825 E. 61st Street, Chicago, Illinois
• Neighborhood: Hyde Park / Woodlawn
• Property Type: Newly Constructed Multifamily Property
• Unit Count: 60 Units
• Brokers: Principal Steven Livaditis

Property Overview: 60-Unit Multifamily Property Near the University of Chicago

Completed in 2023 by a prominent local developer, the boutique-style property features 60 expansive one- and two-bedroom apartments with private balconies, abundant natural light, and high-end finishes throughout.

Residences include custom kitchens with designer cabinetry, quartz countertops, marble backsplashes, GE stainless-steel appliances, hardwood flooring, in-unit laundry, and individually controlled HVAC systems. Nearly all two-bedroom units offer two full bathrooms with spa-inspired finishes and oversized walk-in showers.

Investment Opportunity Near the University of Chicago

“This location presents an incredible opportunity, located directly across the street from one of the country’s most respected universities. Given the high demand for quality rental housing in the area, this property is ideally situated to satisfy market needs, thanks to its spacious floor plans and high-quality finishes,” said Principal Steven Livaditis.

The property’s location directly across from the University of Chicago campus positions it to benefit from durable rental demand from undergraduate, graduate, and medical students, as well as professionals connected to the University of Chicago Medical Center and surrounding institutions.

Hyde Park and Woodlawn Multifamily Investment Market

Located one block from the CTA Green Line, 825 E. 61st Street offers exceptional transit access and connectivity throughout Chicago’s South Side and downtown core.

The property benefits from proximity to the University of Chicago, the University of Chicago Medical Center, the forthcoming Obama Presidential Center, Washington Park, Chicago’s lakefront, and cultural institutions including the Museum of Science and Industry and the DuSable Black History Museum and Education Center.

Hyde Park and Woodlawn continue to attract multifamily investor interest due to their institutional demand drivers, access to transit, cultural amenities, and ongoing neighborhood investment.

Read More About This Transaction

This listing was also featured in Connect CRE, highlighting Essex Realty Group’s marketing of the newly constructed 60-unit multifamily property located across from the University of Chicago campus.

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About Essex Realty Group

Essex Realty Group, LLC has served Chicago’s investment real estate market since 1990 as a leading Chicago multifamily brokerage firm specializing in apartment building sales throughout the city and surrounding suburbs.