5345 South University AvenueChicago, IL 60615Price: $1,606,000

STATELY HISTORIC OPPORTUNITY IN HYDE PARK: A VISIONARY'S DREAM. Nestled in the heart of the prestigious Hyde Park neighborhood, this grand 3-story brick home stands as a testament to timeless elegance and potential. Built in 1909, this stately residence, set on a prominent corner lot with natural light filled east, west, and south exposures, offers a rare chance to invest in a piece of Chicago's storied past. While this property requires thoughtful renovation, it is priced for the discerning buyer with vision, and the possibilities are endless. This historic home has seen various incarnations-from a single-family residence to a 4-unit dwelling, and most recently, a dormitory. Now, it awaits your transformation into a dream estate with an after-market value projected between $3M and $4M or more. With over 10 bedrooms, 6 bathrooms, a 3-car garage, and a coach house, the home is primed for reconfiguration to suit modern living. The surrounding area is steeped in architectural significance, with neighboring homes designed by legends such as Frank Lloyd Wright and Burnham & Root. You'll also be in the company of former President Barack Obama's home. This prime location is just steps away from the University of Chicago, the city's stunning lakefront, and a short ten-minute drive from the Loop, making it ideal for both daily convenience and cultural enrichment. Recent upgrades include new electrical systems (2024), a refreshed main roof (2016), new garage roof (2023), tuckpointing (2017), updated windows, professional landscaping, partial fencing, and new paver patio (2022) - all ready for your creative reimagining. Over $2M in renovations and upgrades since 2008. This property is sold AS-IS, offering you the opportunity to breathe new life into a historic treasure and craft a residence that will stand as a legacy for generations to come.