Map of Property

Prairie Park & Park Apartments

For Sale

5539 S Prairie Ave, Chicago, IL 60637

This Chicago property for sale is located at 5539 S Prairie Ave. Contact the listing broker for details on the current sale price for Prairie Park & Park Apartments.

Contacts

Tyler Hague
Lauren Stoliar
Ryan Roegner
Campbell Wagener

Property Details

  • Property Type Other
  • Property Size 225,266 SF
  • Date Updated Aug 12, 2026

Park Apartments & Prairie Park Apartments represent a 176-unit affordable multifamily offering in Chicago’s Washington Park neighborhood within the South Lakefront submarket. The properties are being offered as a package or may be purchased individually, providing investors flexibility to acquire either a larger-scale portfolio or a single asset based on their investment strategy.

The offering includes Park Apartments, a 120-unit historic courtyard community with layered LIHTC and HAP agreements, and Prairie Park Apartments, a 56-unit townhome-style community with LIHTC restrictions nearing expiration. Together, the assets provide stable in-place income, embedded rent upside through below-allowable rents, and exposure to a transit-accessible location near Washington Park, Hyde Park, the University of Chicago, UChicago Medicine, Lake Michigan, and other major South Side demand drivers.

With strong neighborhood anchors, limited new supply, and continued demand for attainable housing, the portfolio offers a compelling blend of predictable cash flow, operational upside, and long-term appreciation potential. Investors may pursue the full 176-unit portfolio for scale or evaluate each property individually based on its distinct profile and value proposition.

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Getting around

  • 73/100

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  • 74/100

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  • 75/100

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Location

  • City Chicago, IL
  • Neighborhood Washington Park
  • Zip Code 60637

Points of Interest

  • Garfield

    0.12 miles

  • 55th-56th-57th Street

    1.61 miles

  • Halsted

    1.65 miles

  • 51st-53rd Street (Hyde Park)

    1.73 miles

  • 63rd Street

    1.73 miles

  • Stony Island

    2.47 miles

  • 35th-Bronzeville-IIT

    2.71 miles

  • 35th-Bronzewille-IIT (34th Street Entrance)

    2.77 miles

  • South Shore

    3.36 miles

  • Western

    3.47 miles

  • Amstar

    0.18 miles

  • Super Save

    0.27 miles

  • GoLo

    0.60 miles

  • Citgo

    0.68 miles

  • Shell

    0.69 miles

  • The Roux

    0.70 miles

  • BP

    0.75 miles

  • ChargePoint

    0.77 miles

  • Mobil

    1.17 miles

  • eVgo

    5.12 miles

  • Garfield Park & Ride

    0.17 miles

  • Medical Campus Parking Garage B

    0.70 miles

  • Medical Campus Parking Garage A

    0.75 miles

  • Parking/Materials Management

    0.77 miles

  • Campus South Parking

    0.93 miles

  • Campus North Parking Garage

    0.94 miles

  • Lexington Parking Lot

    1.14 miles

  • Vue53 garage

    1.37 miles

  • Kimbark South Parking Garage

    1.39 miles

  • Chapin Hall Parking Lot

    1.46 miles

  • Best Motel

    1.25 miles

  • The Study at the University of Chicago

    1.33 miles

  • Sophy Hotel

    1.47 miles

  • Hyatt Place Chicago-South/University Medical Center

    1.63 miles

  • Chicago Lake Shore Hotel

    1.92 miles

  • Amber Inn Motel

    2.08 miles

  • Empire Motel

    2.67 miles

  • East of the Ryan

    3.02 miles

  • The Polo Inn

    3.25 miles

  • Benedictine Bed and Breakfast

    3.54 miles

  • Jewel-Osco

    0.86 miles

  • Woodlawn Fresh Market

    0.98 miles

  • Valley of Jordan

    1.02 miles

  • Adom African Market

    1.13 miles

  • City Sports

    1.15 miles

  • Target

    1.39 miles

  • ALDI

    1.43 miles

  • Trader Joe's

    1.58 miles

  • Hyde Park Shopping Center

    1.59 miles

  • Bonne Sante Health Foods

    1.63 miles

Contact Prairie Park & Park Apartments
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