1209 E Madison Park Boulevard

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Address: 1209 E Madison Park, Chicago, IL 60615, USA
Chicago & Midwest + Apartment Buildings
Created date: September 12, 2026
Date last updated: September 15, 2026
Price: $2,729,000Investment Analyzer NEW!

Property Description

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.
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Broker Details

Steven Rapoport
Steven Rapoport

Chicago Real Estate Resources (773) 327-9300 MLS ID: 180173 State License Number: 471006648

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,729,000
No. of Units: 8
Year Built: 1926
Opportunity Zone: No
Price per unit: $341,125
Property Website Click Here
Number of Bedrooms: 32
Number of Bathrooms: 17
Address: 1209 E Madison Park Boulevard, Chicago, IL 60615, USA
Provided by:
Standard Status: Active
MLS Listing Number: 12755416
ID: 3yd-MREDIL-12755416
Copyright Disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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