RDG Funds LLC Acquires MultiFamily Assets In Hyde Park For $3.91M

The property involved in the transaction is a 24-unit apartment portfolio located at 5427-29 and 5430-32 S. University Avenue in Chicago's Hyde Park neighborhood. The portfolio was sold for $3,910,000.00. The buildings feature various unit sizes including one five-bedroom unit, three four-bedroom units, two three-bedroom units, 16 one-bedroom units, and two two-bedroom units. Built in 1901 and 1909, the buildings offer high ceilings, spacious apartments, and the potential for reconfiguration and additional units.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,910,000.00
• Address: 5430 S University Ave, Chicago, IL, 60615
• Market: Chicago
• Seller's Representative: Tyler Hague (Colliers International)
• Buyer: RDG Funds LLC

Tyler Hague, a vice president at Colliers International in Chicago, represented The Lutheran School of Theology at Chicago in the sale of the apartment portfolio to RDG Funds LLC. The properties present a significant investment opportunity due to their location in a high-demand area near the University of Chicago campus. Both assets offer the buyer the potential for value-add opportunities, with proximity to Hyde Park's art, entertainment, and dining district.