$125,000
SOLD SEP 5, 2025

University Park 1400 E 55th Place Unit 511S Floor 3 Chicago, IL 60637

Hyde Park Neighborhood
Studio
1 Bath
500 Sq Ft
$523/mo HOA Fee

Recently Sold

$250 Per Sq Ft

6% Below List Price

3 Days on Market

Highlights

  • Doorman
  • Fitness Center
  • Lock-and-Leave Community
  • Kenwood Academy High School Rated A-
  • In Ground Pool
  • Wood Flooring

About This Home

As of September 2025

Welcome to this cheery, light-filled, renovated studio at I.M. Pei's classic University Park Condominiums. This cozy, updated, move-in-ready property features a sunny open space and serene courtyard views! Step into the condo and see the updated kitchen showcasing quartz countertops, deep undermount sink, new faucet, ample storage and room for an eat-in table. The large, open studio space overlooks the quiet courtyard and is roomy enough to easily be partitioned for living and sleeping areas and the five floor-to-ceiling windows and luxury vinyl flooring throughout make the unit a retreat year-round. Two generous closets and the spacious, bright bathroom round out this condo. Rarely available garage space is included as well, and additional storage in lower level. This well-maintained building offers round-the-clock door staff, on-site management, multiple laundry rooms, a gym and an outdoor pool access (both with a small fee) and serene gardens. Fantastic location in Hyde Park - close to restaurants, coffee shops, entertainment, shopping, grocery and to the beautiful lakefront and multiple parks. Easy commuter access too - University of Chicago shuttle at door; close to bus, El and Metra for downtown Chicago; and minutes to Lake Shore Drive - even more convenient with your own garage parking spot! Own for less than your rent or purchase and rent out - this is an investor-friendly building! This is one to see - make your appointment today!

Last Agent to Sell the Property

Swati Saxena

Baird & Warner License #471003778 Listed on: 08/01/2025

Baird & Warner

Last Buyer's Agent

Jiawei Gu

Land Fairy Realty Corp. License #475210685

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,376

Year Built

  • Built in 1963

HOA Fees

  • $523 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • Driveway
  • Parking Included in Price

Home Design

  • Entry on the 3rd floor
  • Studio
  • Asphalt Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 500 Sq Ft Home
  • Window Screens
  • Family Room
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Full Bathroom
  • European Shower

Laundry

  • Laundry Room
  • Laundry in multiple locations
  • Sink Near Laundry

Outdoor Features

  • In Ground Pool
  • Patio
  • Fire Pit
  • Outdoor Grill

Schools

  • Ray Elementary School
  • Kenwood Academy High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • Zero Lot Line
  • Property is near bus stop

Community Details

Overview

  • Association fees include heat, water, security, doorman, tv/cable, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 540 Units
  • Megan Association, Phone Number (773) 324-1414
  • Property managed by Liebermann
  • Lock-and-Leave Community
  • 10-Story Property

Amenities

  • Doorman
  • Sundeck
  • Building Patio
  • Common Area
  • Party Room
  • Coin Laundry
  • Elevator

Recreation

  • Community Pool
  • Bike Trail

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,376

Year Built

Built in 1963

Lot Details

0

HOA Fees

$523 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo,Studio
  • Ownership: Condo
  • EntryLevel: 3
  • New Construction: No
  • Property Sub-Type: Condo,Studio
  • Year Built: 1963
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Non-Smoking Building
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 10

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 500
  • Room Type: No additional rooms
  • Stories Total: 10
  • Window Features: Screens
  • Estimated Total Finished Sq Ft: 0
  • Bathroom Amenities: European Shower
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Concrete
  • ExteriorFeatures: Outdoor Grill, Fire Pit
  • Foundation Details: Concrete Perimeter
  • Lot Features: Common Grounds
  • OtherStructures: None
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Concrete, Garage Door Opener, Heated Garage, On Site, Garage Owned, Attached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Laundry Features: Common Area, Multiple Locations, Sink
  • Utilities: Cable Available
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 523
  • Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Elevator(s), Exercise Room, Storage, On Site Manager/Engineer, Party Room, Sundeck, Pool, Security Door Lock(s), Patio, Public Bus, Security
  • Association Fee Frequency: Monthly
  • Management: Manager On-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Liebermann
  • Management Contact Name: Megan
  • Management Phone: 773-324-1414

Fee Information

  • Association Fee Includes: Heat, Water, Security, Doorman, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Other, Internet

Schools

  • Elementary School: Ray Elementary School
  • High School: Kenwood Academy High School
  • Middle/Junior School: Ray Elementary School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N
  • Zero Lot Line: Yes

Rental Info

  • Board Number: 16
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 1376.13
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 540

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2025
Closed on
Sep 2, 2025
Sold by
Altamero-Downing Sandra and Altamero Tomas L
Bought by
Russell Dexton and Russell Jeannette
Seller's Agent
Swati Saxena
Baird & Warner
Buyer's Agent
Jiawei Gu
Land Fairy Realty Corp.
List Price
$133,000
Sold Price
$125,000
Premium/Discount to List
-$8,000
-6.02%
Views
8
Current Estimated Value
$122,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,168
Avg. Annual Appreciation
-4.39%

Purchase Details

Closed on
Mar 9, 1995
Sold by
Martin Cheryl L
Bought by
Altamero Tomas L and Altamero Lucia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000
Interest Rate
8.97%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $125,000 None Listed On Document
Warranty Deed $28,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $13,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2025 09/05/25 Sold $125,000 -6.0% $250 / Sq Ft
08/04/2025 08/04/25 Pending -- -- --
08/01/2025 08/01/25 For Sale $133,000 -- $266 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12428759

Midwest Real Estate Data (MRED)

APN: 20-14-202-076-1364