Hyde Park 2-Pack

The Ivy at Piccadilly and The Ivy at Fairfax present a rare opportunity to acquire two recently renovated workforce housing communities totaling 167 units in the heart of Hyde Park, one of Chicago’s most iconic and highly desirable neighborhoods. Strategically positioned in an excellent microlocation, the properties offer unparalleled proximity to the University of Chicago, as well as convenient access to national retailers including Whole Foods, Target, and OrangeTheory Fitness.

Residents enjoy exceptional connectivity, with the Metra Electric Line providing a 15-minute commute to downtown Chicago, and Lake Shore Drive just minutes away, offering a quick 15-minute drive into the CBD. The location also provides access to 1.5 million jobs within a 30-minute drive, reinforcing Hyde Park’s appeal as a dynamic location for commuters..

With a Walk Score of 94 and Bike Score of 88, the properties deliver a highly walkable and bike-friendly lifestyle, surrounded by parks, lakefront trails, and neighborhood amenities. The Ivy at Piccadilly, originally constructed in 1920 as a historic hotel, and The Ivy at Fairfax, also built in 1920, have both undergone significant renovations, blending classic architectural character with modern finishes. Featuring larger floor plans that cater to the “missing middle” demographic, these communities provide attainable housing options without competing with top-of-market new construction.