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.
Property Details
Price:
$2,729,000
MLS #:
MRD12755416
Status:
Active
Beds:
18
Baths:
9
Type:
Commercial
Neighborhood:
chikenwood
Listed Date:
Sep 9, 2026
Year Built:
1926
See this Listing
Schools
Interior
Exterior
Stories
3
Financial
Tax Year
2024
Taxes
$25,879
Map
Community
- Address1209 E Madison Park Boulevard Chicago IL
- CityChicago
- CountyCook
- Zip Code60615
Market Summary
Current real estate data for Commercial in Chicago as of Oct 05, 2026
888
Commercial Listed
185
Avg DOM
$1,020,222
Avg List Price
Property Summary
- 1209 E Madison Park Boulevard Chicago IL is a Commercial for sale in Chicago, IL, 60615. It is listed for $2,729,000
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Copyright 2026. All rights reserved.
1209 E Madison Park Boulevard
Chicago, IL


