– Highly Desirable, Walkable Location
​​​​​Vue53 is located on the East 53rd Street – the main retail corridor of the Hyde Park neighborhood. Nestled between two of the city’s largest and most popular parks, Hyde Park is among the most walkable areas in Chicago. World renowned museums, art exhibits, architecture, restaurants, small and big box retailers, grocery stores, public transit hubs, and local beaches are all within a 10-minute walk of Vue53. The premier location of Vue53 allows for scenic views of, and access to, Nichols Park while still having a short 10-minute (0.5 mile) walk to the Hyde Park Train Station – which provides a short 20-minute train ride, straight into downtown Chicago.

– Natural Pivot to Multifamily Operations to Generate Outsized Rent Growth
Vue53 is currently operated as the only purpose-built off-campus student housing (POSH) serving The University of Chicago. Vue53 is a high performing asset that appeals to the main demographic in Hyde Park – young working professionals (24 – 40) with incomes greater than $100k (50% of the market). Featuring bed-to-bath parity, new ownership can easily transition the asset from a crown-jewel POSH asset to a top-of-market multifamily asset without changing the unit mix. In addition, current in-place rents are 10-20% below multifamily comps in the market due to its targeted demographic.

– High Barriers to Entry & Restrictive Market
Vue53’s premium location and unit mix cannot be replicated in the highly sought-after submarket. There are limited prime developable sites left in Hyde Park that would exclude a $10+ million land acquisition cost. In addition, Chicago’s prohibitive affordable housing regulations and inflated construction costs prevent most future development – severely restricting future deliveries in 2025 and beyond. Vue53 is a newly built high-rise asset that meets all affordable housing requirements and can be acquired below replacement cost in a persistently inflationary economy.

– Best-In-Class Amentity Package Combind with Luxury Units
Vue53 features a top tier amenity package that includes a rooftop sun deck with unbeatable views of Chicago and Lake Michigan, complimentary Wi-Fi, clubroom, state-of-the-art fitness center, business center, study areas, game room, 24-hour doorman, bike storage and package concierge system. Units at Vue53 feature energy efficient light fixtures, granite countertops, stainless-steel appliances, floor to ceiling windows, ceiling fans, in-unit washer and dryer, complimentary utilities including water, sewer, trash and internet, keyed bedroom entry, and bed to bath parity with ample closet space.