The Cloisters, at 5801 S. Dorchester Ave., generally serves as housing for U of C college, workers and college students. Nonprofit Baptist Theological Union purchased the building in 1961 from the college.
“The Hyde Park marketplace is especially warm appropriate now, which helped us draw in a whole lot of nationwide consideration and land an great price tag,” Goss reported in a statement.
Constructed in 1928, the Cloisters features a assortment of device measurements, from 1-bedroom residences to six-bedroom models. Every single contains herringbone wood flooring, vintage woodwork and up to date kitchen and loos.
Antheus Capital’s Director of Community Advancement Peter Cassel explained the firm programs to upgrade the units and proceed to rent to U of C personnel and learners. Antheus, which owns various other apartment and professional buildings in Hyde Park, has been investing in the community considering the fact that 2002, Cassel stated.
“It’s a exceptional making in a exceptional locale,” he claimed. “We believe it’s one of the greatest communities in the whole state.”
Other Hyde Park homes Antheus owns include things like Regents Park, a two-tower elaborate at 5020-5050 S. Lake Shore Generate, which the agency ordered in 2011 for $160 million. At the time, the transaction was a person of the greatest apartment gross sales in the metropolis considering that 2007.
Antheus also owns the Pepperland, at 1509-1517 E. 57th St., and Metropolis Hyde Park, at 5105 S. Harper Ave.