Hyde Park landlord purchases one more condominium making for $23M
The Cloisters, at 5801 S. Dorchester Ave., mostly serves as housing for U of C college, employees and students. Nonprofit Baptist Theological Union purchased the setting up in 1961 from the college.
“The Hyde Park sector is in particular sizzling appropriate now, which helped us entice a whole lot of nationwide interest and land an great selling price,” Goss reported in a assertion.
Created in 1928, the Cloisters attributes a range of device dimensions, from a single-bed room apartments to six-bed room units. Each individual incorporates herringbone wooden flooring, vintage woodwork and current kitchen area and bathrooms.
Antheus Capital’s Director of Local community Development Peter Cassel said the company options to improve the models and keep on to rent to U of C personnel and college students. Antheus, which owns quite a few other condominium and commercial properties in Hyde Park, has been investing in the neighborhood considering the fact that 2002, Cassel said.
“It’s a exceptional creating in a outstanding area,” he stated. “We think it is one of the best communities in the entire nation.”
Other Hyde Park qualities Antheus owns include Regents Park, a two-tower complicated at 5020-5050 S. Lake Shore Push, which the organization ordered in 2011 for $160 million. At the time, the transaction was one particular of the major apartment revenue in the city considering the fact that 2007.
Antheus also owns the Pepperland, at 1509-1517 E. 57th St., and Metropolis Hyde Park, at 5105 S. Harper Ave.
