1209 E. Madison Park and 1210 E. Hyde Park Blvd. are two back-to-back 4-unit buildings with 8 units, 37 bedrooms, and 19 bathrooms on the border of Hyde Park and Kenwood. Unit sizes are exceptional for the submarket: four and five-bedroom layouts averaging 1,800 square feet with in-unit laundry, renovated kitchens and baths, and original vintage detail throughout. The property is fully occupied, with every lease running through late 2026 and 2027. Five units are supported by Housing Choice Voucher contracts, pairing a government-backed rent component with a deep private renter pool. At $317,064 in annual scheduled rent, the offering combines immediate cash flow with clear near-term upside as a utility reimbursement program already in place on recent leases rolls out building-wide, one remaining original unit awaits renovation, and below-market units convert to market rent on turnover. This property is ideally suited for investors seeking a core Kenwood / Hyde Park position with strong in-place income and durable long-term value growth. The location drives consistently high demand, making this an outstanding opportunity in one of the most resilient and historically stable multifamily submarkets in Chicago.
| Listing Id: | 12755416 |
|---|---|
| List Price: | $2,729,000 |
| Property Type: | Commercial Sale |
| Property Type: | Multi Family 5+ |
| Status: | Active |
| Parking On Site: | No |
| Tax Annual Amount: | $25,879 |
| Lot Size Square Feet: | 6,531 |
| City: | Chicago |
| County Or Parish: | Cook |
| Postal Code: | 60615 |
| Year Built: | 1926 |
| Total # Units In Building: | 8 |
| Basement: | false |
| Directions: | 1209 E. Madison Park east of Woodlawn Ave |
| Fuel Expense: | 0 |
| Gross Income: | $324,684 |
| Gross Scheduled Income: | $324,684 |
| Lot Size Dimensions: | 6531 |
| MLS Area Major: | Chi - Kenwood |
| Approximate Age: | Older |
| Agent Owned/Interest (Y/N): | No |
| Built Before 1978 (Y/N): | Yes |
| Gross Rent Multiplier: | 8.41 |
| Heat/Ventilation: | Central Bldg Heat, Other |
| Information: | 24-Hr Notice Required |
| Janitor Expense: | 0 |
| List Price Per Sf: | 0 |
| Market Code: | Active |
| Total Monthly Income: | 26190 |
| Type Multi Family: | Flats |
| Update Date: | 2026-09-15T05:05:22 |
| Net Operating Income: | $205,942 |
| Operating Expense: | $126,587 |
| Original List Price: | $2,729,000 |
| Parcel Number: | 20112121430000 |
| State Or Province: | IL |
| Stories: | 3 |
| Tax Year: | 2024 |
| Actual Status: | Active |
Listing Courtesy of: Chicago Real Estate Resources
Listing Agent: Steven Rapoport
847-863-2707
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Midwest Real Estate Data LLC data last updated on October 08, 2026 04:01 PM - CT
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Property Last Updated: October 08, 2026 04:01 PM - CT
