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Exceptional mixed-use investment opportunity in the heart of Hyde Park's highly desirable 53rd Street corridor. This well-maintained property at 1312-16 E 53rd Street features three (3) retail storefronts and twenty-four (24) residential units, including six (6) studios and eighteen (18) one-bedroom apartments, offering strong in-place income with significant upside potential. The building has benefited from key capital improvements, including a newer boiler, hot water heater, windows, and a silver-coated roof, providing peace of mind for incoming ownership. Investors have the opportunity to increase rents through cosmetic updates to kitchens and bathrooms, unlocking additional value and long-term returns. Ideally located in a high-traffic, pedestrian-friendly retail corridor, the property is surrounded by a vibrant mix of restaurants, cafes, boutiques, and national retailers. Just steps from the University of Chicago and near Harper Court, the area draws consistent demand from students, professionals, and residents alike. Tree-lined residential streets, strong neighborhood character, and convenient access to public transportation, including the nearby Metra station, further enhance the appeal. Perfect for investors seeking a stable, income-producing asset with value-add potential in one of Chicago's most dynamic neighborhoods.

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Listed by Kevin Rocio of @properties Commercial

Based on information submitted to MRED  as of June 29, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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