352 East 60th Street, Chicago, IL 60637 For Sale

Property Description

352–370 E. 60th Street, a two-building, 46-unit multifamily portfolio located in Chicago’s Washington Park neighborhood, offered via competitive auction. The portfolio consists of 352 E. 60th Street, a 21-unit, 19,974 SF three-story masonry building originally constructed in 1898 and situated at the northeast corner of 60th Street and Calumet Avenue, and 362 E. 60th Street, a 25unit, 41,324 SF three-story masonry building originally constructed in 1914, situated at the northwest corner of 60th Street and Martin Luther King Drive directly across from Washington Park — a 370-acre City of Chicago park. Together, the two properties aggregate 46 total units spanning 77,360 SF across combined site area of approximately 0.63 acres. Both buildings are zoned RM-5 and feature a family-oriented unit mix of two- and three-bedroom apartments. Current occupancy stands at approximately ~5% at 352 E. 60th and ~5% at 362 E. 60th, providing investors with substantial stabilization upside. Washington Park is located approximately six miles south of downtown Chicago, one mile southwest of the University of Chicago Hyde Park campus and the Museum of Science and Industry, and eight miles southeast of Midway International Airport. The neighborhood is served by multiple CTA bus routes, the CTA Green Line, the Dan Ryan Expressway (I-90/94), and DuSable Lake Shore Drive (SR41), ensuring strong connectivity throughout the metropolitan area.

Tours scheduled on June 4th & 18th.

Location Description

Situated just two blocks west of the University of Chicago campus, these properties sit at the epicenter of one of the world’s premier academic and medical corridors. This prime "South Campus" location ensures a consistent high-demand tenant base of graduate students, faculty, and University of Chicago Medicine professionals.