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53rd and Blackstone Mixed-Use Property Sold for $10.3 Million

Keller Williams (KW) ONEChicago recently brokered the 40-unit, mixed-use property at 5228 S Blackstone in Hyde Park for $10,350,000. Records show this sale is the community’s largest transaction for a single, mixed-use property with less than 100 units.

ONEChicago’s Frank Martinez, Multifamily Division Director, and Tony Hardy, Multifamily Division Executive Director, represented both the buyer and seller, respectively. The buyer plans to keep the 5228 S Blackstone as a long-term investment, as the property includes:

The Hyde Park Salon & Barber: This shop was featured in the hit movie, Barbershop.  Barbers have been operating out of that location continually since 1927.

Boston Market: As the anchor tenant, the food chain has thrived at this location since the mid-1990s.

Betty O’s Day Spa: The location was listed as one of Oprah’s “Favorite Things” in the 1980s.

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