MPI Sells 6 Unit Hyde Park Apartment Building for $1.35 Million

Millennium Properties brokered the sale of a six flat apartment building at 5532 S. Kimbark for $1,350,000. Totaling 7,050 square feet, the property is located just two blocks away from the University of Chicago in the Hyde Park neighborhood.

The fully leased building features six two bedroom, two bath units, each with large living spaces and an eat-in kitchen. The building is in the heart of Hyde Park, one of the most desirable neighborhoods on the south side of Chicago, and attracting students and families alike.

“We received multiple offers from multi-family investors before the property even went on the market,” said Brad Thompson, vice president of Millennium Properties. “The Chicago apartment market remains a top performer, with increasing rental rates and high investor demand.”