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University Park

University Park

University Park
Condominium Building Complex
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

1401 E 55th St,
Chicago, IL 60615-5402
540 Units
10 Stories
1961 Year Built
$107K - $250K Value Range

Available Units

For Sale
For Rent

Highlights

  • Doorman
  • Kenwood Academy High School Rated A-
  • Fitness Center
  • Elevator
  • Rooftop Deck
  • 5 min walk to Spruce Park

Midcentury modern living in the heart of Hyde Park

University Park, a 10-story condominium complex completed in 1961, stands as an example of the International Style architecture of its era. Located in the vibrant Hyde Park neighborhood of Chicago, this 540-unit building offers residents a blend of urban convenience and academic charm. University Park's clean lines and minimalist aesthetic reflect the modernist principles popular during its construction. The building's proximity to the University of Chicago campus and various cultural institutions makes it an attractive option for those seeking a dynamic living environment in a historically rich area.

Diverse layouts catering to various lifestyles

University Park offers a range of floor plans to suit different needs and preferences. Studio units, spanning 450 to 700 square feet, provide compact living spaces with efficient layouts and are priced from $113,880 to $124,233. These units may include updated features such as laminate flooring and European-style kitchens, ideal for single occupants or those seeking a pied-à-terre. One-bedroom units, measuring 480 to 850 square feet, offer more spacious accommodations with prices around $150,000. These apartments typically include a separate bedroom and living area, providing a comfortable space for individuals or couples. Some units boast stylish updates such as sleek countertops and contemporary appliances. For those requiring more space, two-bedroom units range from 800 to 1,050 square feet, featuring 1.5 to 2 bathrooms. These larger apartments, priced between $148,500 and $189,000, often include ample closet space and may offer flexible layouts that can be adapted to various living arrangements. The largest offerings are the three-bedroom units, approximately 1,300 square feet in size with two bathrooms. While sale prices for these units are not specified, they typically rent for around $3,200 per month, indicating their desirability for families or those who need extra space for a home office. Many units throughout the building feature large windows that flood the spaces with natural light, and some offer picturesque views of the surrounding neighborhood or even glimpses of Lake Michigan. Residents can expect a mix of original features and modern updates, with some apartments showcasing recent renovations including new kitchen appliances, updated bathrooms, and contemporary finishes. Monthly HOA fees range from $400 to $1,000, covering essential services such as heat, water, gas, insurance, doorman, exterior maintenance, lawn care, scavenger services, and snow removal. This comprehensive fee structure allows residents to budget more effectively for their living expenses while enjoying the convenience of managed building services.

Comprehensive amenities for comfort and convenience

University Park offers a wide array of amenities designed to enhance residents' daily lives. The building's standout feature is its rooftop deck, providing 360-degree views of the Chicago skyline and surrounding Hyde Park neighborhood. This space serves as a perfect retreat for relaxation or social gatherings, offering a unique perspective of the city. For fitness enthusiasts, the building houses a well-equipped fitness room and health club, allowing residents to maintain their exercise routines without leaving the premises. During warmer months, the outdoor pool becomes a focal point for recreation and socializing, providing a refreshing escape from the urban environment. The building's commitment to community is evident in its shared spaces. A welcoming courtyard offers a green oasis within the complex, while the community room and party room provide venues for resident gatherings and private events. For those who enjoy outdoor activities, bike rooms are available for secure storage of bicycles. Security and convenience are prioritized at University Park. The 24-hour front desk security and doorman service ensure a safe living environment, while the on-site management team addresses residents' needs promptly. A receiving room for packages adds an extra layer of convenience for those who frequently shop online or receive deliveries. Additional amenities include laundry facilities, eliminating the need for off-site laundromats, and a sundeck for those who prefer to soak up the sun in a more intimate setting. For residents with vehicles, the indoor garage provides secure parking, and a car wash area is available for maintaining vehicles. The building's gated entry further enhances security, while storage lockers offer extra space for residents to keep seasonal items or less frequently used belongings. These thoughtful amenities contribute to a comfortable and hassle-free living experience at University Park, catering to the diverse needs of its resident community.

A vibrant mix of culture, education, and urban convenience

University Park's location in Hyde Park places residents at the heart of a dynamic and historically significant neighborhood. The area is renowned for its intellectual atmosphere, largely influenced by the presence of the University of Chicago. This prestigious institution not only shapes the local culture but also contributes to the neighborhood's diverse and stimulating environment. The surrounding area is rich with cultural attractions. The Museum of Science and Industry, one of the largest science museums in the world, is within easy reach, offering engaging exhibits and educational experiences. For art enthusiasts, the Smart Museum of Art on the University of Chicago campus provides a diverse collection of works from various periods and cultures. Hyde Park's culinary scene is as diverse as its population. Residents can explore a range of dining options, from casual eateries to more upscale establishments. Cafe 53, a cozy coffeehouse, is perfect for a quick bite or a relaxed study session. For those craving international flavors, Strings Ramen Shop offers authentic Japanese cuisine, while Rajun Cajun presents an unique fusion of Indian and Cajun dishes. Shopping needs are well-served in the neighborhood. A Trader Joe's is conveniently located about a 5-minute walk from University Park, offering a wide selection of groceries and specialty items. For more extensive shopping, residents can visit the nearby Target, which is about a 10-minute walk away. The presence of these retailers, along with local boutiques and specialty stores, ensures that daily necessities and occasional indulgences are easily accessible. Outdoor enthusiasts will appreciate the proximity to several parks. Bixler Park, just a 5-minute walk away, features a playground for families with young children. Nichols Park, also a short walk from University Park, offers more extensive facilities including tennis courts, baseball fields, and walking trails. For those seeking larger green spaces, the expansive Burnham Park along Lake Michigan provides beaches, bike paths, and stunning lakefront views. The neighborhood's commitment to education is evident in its schools. Kenwood Academy High School, rated 7 out of 10 by GreatSchools and receiving an A- from Niche, is within walking distance. For younger students, Ray Elementary School offers education from pre-kindergarten through middle school grades. Hyde Park's blend of academic influence, cultural richness, and urban amenities creates a unique and engaging environment for University Park residents, offering a lifestyle that balances intellectual stimulation with everyday conveniences.

Well-connected with multiple transit options

University Park's location in Hyde Park provides residents with excellent transportation options, facilitating easy movement throughout the neighborhood and beyond. The area's high walkability is evident in the numerous amenities and services within a short walking distance from the building. Public transportation is readily accessible, with several bus stops in close proximity. The 55th Street & Dorchester bus stop is less than a minute's walk away, serving the Garfield and University of Chicago/Hyde Park lines. This allows for convenient travel within the neighborhood and to nearby areas. For those needing to venture further, the 55th-56th-57th Street Metra station is about a 5-minute walk from University Park. This station serves the Metra Electric Line, providing quick and reliable access to downtown Chicago and other parts of the city. Cyclists will appreciate the area's bike-friendly infrastructure, with dedicated bike lanes and paths making it easy to navigate the neighborhood on two wheels. The building's bike rooms offer secure storage for residents' bicycles, encouraging this eco-friendly mode of transportation. For those who prefer to drive, University Park's location provides relatively easy access to major roadways. Lake Shore Drive is nearby, offering a scenic route along Lake Michigan to downtown Chicago and other lakefront neighborhoods. The Dan Ryan Expressway (I-90/94) is also accessible, connecting Hyde Park to other parts of the city and beyond. When it comes to air travel, residents have options. Chicago Midway International Airport is about a 15-minute drive away, while O'Hare International Airport can be reached in approximately 40 minutes by car, depending on traffic conditions. The variety of transportation options available to University Park residents ensures that commuting, running errands, or exploring the city is convenient and efficient, regardless of the preferred mode of travel.

Available Units

Building Details

Recreation

  • Fitness Center
  • Community Pool
  • Bike Trail

Outdoor Features

  • Sundeck
  • Common Area

Amenities

  • Doorman
  • Rooftop Deck
  • Party Room
  • Coin Laundry
  • Package Room
  • Bike Room
  • Community Storage Space
  • Security Service
  • Resident Manager or Management On Site
  • 24 Hour Access

Parking

  • 1 Garage Space Per Unit
  • 103 Car Attached Garage
  • On-Site Parking

Pet Policy

  • Pets up to 50 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Condo Association

  • $715 Monthly HOA Fees
  • Monthly HOA Fees Range from $431 - $997
  • Association fees include heat, water, gas, parking, insurance, security, doorman, lawn care, scavenger, snow removal
  • Megan Association, Phone Number (773) 324-1414
  • University Park Condos Subdivision
  • Property managed by First Residential
  • On-Site Maintenance

Building Design

  • Elevator
  • High-Rise Condominium
  • Lobby

Unit Features

  • Laundry Room

Unit Information By Building

Unit
Beds
3 Beds
Baths
2 Baths
Sq Ft
1,280
Price
$258,000
Price / Sq Ft
$202 / Sq Ft
List Date
03/13/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
400 - 850
Est. Values
$107,412 - $194,952
1 Bedroom Units
Sq Ft Range
500 - 900
Est. Values
$122,722 - $158,827
2 Bedroom Units
Sq Ft Range
850 - 1,100
Est. Values
$127,747 - $236,489
3 Bedroom Units
Sq Ft Range
1,250 - 1,300
Est. Values
$133,287 - $249,911
4 Bedroom Units
Sq Ft Range
None Available
Est. Values
$163,740
All Units
Sq Ft Range
400 - 1,300
Est. Values
$107,412 - $249,911

Map

Area Factors

Moderate Crime

Crime Score®

5 / 10

Biker's Paradise

Bike Score®

94 / 100

Walker's Paradise

Walk Score®

92 / 100

Good Transit

Transit Score®

64 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Active

Sound Score®

72 / 100

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Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Building

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Property Taxes

Range in Assessed Values
$8.3K - $23K
Range of Taxes in Building
$6 - $3,496
Range of Taxes per Sq Ft
$0.01 - $4.49

Property Tax History

Source: Public Records

Similar Condominium Buildings

Building Website

Building Team

Property Management
University Park Condominium Association
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.