Zumper
modified
Updated 6 Hours Ago

Highlights

  • Fitness center
  • High-speed internet
  • Secure keyless entry
  • Laundry
  • At-home amenities
  • Spacious game room

Location

5540 S Hyde Park Blvd, Chicago, IL 60637, USA|Hyde Park
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Contact

Management

HPP 5540 Hyde Park, LLC

Leasing office

(708) 316-0687

Property Overview

5540 Hyde Park by 3L Living offers strong overall value, with an 8.8/10 expert rating, top marks for price and amenities, and a 9/10 location score. It stands out for high-speed internet, secure keyless entry, laundry, a fitness center, at-home amenities, and a spacious game room, while the photos and value metrics add to its appeal. It is especially well suited for work-from-home needs thanks to nearby coworking options and common areas for meetings or remote work.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, 5540 Hyde Park by 3L Living is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 5540 Hyde Park by 3L Living has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Less expensive
  • Central heat

Great for

  • Work-from-home

Floor plans

Efficiency Studio - EastStudio1 bath250+ sqft$786–$829 /mo2 units available5540 S Hyde Park Boulevard offers vintage single occupancy units with attached private bathrooms. The units come with optional furnishings including mini-fridge, microwave, dresser, desk and bed frame with mattress. 5540 features a spacious game room and study lounge with printing station. There is a expansive community kitchen on the ground level, along with a fitness center and laundry on the lower level. 5540’s lake-side location is ideal for those looking to explore Hyde Park’s vibrancy while enjoying at home amenities like included high-speed internet, secure keyless entry and the Amazon HUB. Residents also enjoy neighborhood amenities like endless entertainment options along the lake and dining options along the 53rd Street strip – all still with easy access to Chicago’s city core and local universities. Transportation – Hyde Park & 56th Street Bus Stop – 6, 28, 55. 3 blocks East of Metra “55th,56th,57th” Stop. Easy access to Lake Shore Drive.
Efficiency Studio - WestStudio1 bath250 sqft$786–$815 /mo2 units available5540 S Hyde Park Boulevard offers vintage single occupancy units with attached private bathrooms. The units come with optional furnishings including mini-fridge, microwave, dresser, desk and bed frame with mattress. 5540 features a spacious game room and study lounge with printing station. There is a expansive community kitchen on the ground level, along with a fitness center and laundry on the lower level. 5540’s lake-side location is ideal for those looking to explore Hyde Park’s vibrancy while enjoying at home amenities like included high-speed internet, secure keyless entry and the Amazon HUB. Residents also enjoy neighborhood amenities like endless entertainment options along the lake and dining options along the 53rd Street strip – all still with easy access to Chicago’s city core and local universities. Transportation – Hyde Park & 56th Street Bus Stop – 6, 28, 55. 3 blocks East of Metra “55th,56th,57th” Stop. Easy access to Lake Shore Drive.
XL Single RoomStudio1 bath400 sqft$918 /mo1 unit available5540 S Hyde Park Boulevard offers vintage single occupancy units with attached private bathrooms. The units come with optional furnishings including mini-fridge, microwave, dresser, desk and bed frame with mattress. 5540 features a spacious game room and study lounge with printing station. There is a expansive community kitchen on the ground level, along with a fitness center and laundry on the lower level. 5540’s lake-side location is ideal for those looking to explore Hyde Park’s vibrancy while enjoying at home amenities like included high-speed internet, secure keyless entry and the Amazon HUB. Residents also enjoy neighborhood amenities like endless entertainment options along the lake and dining options along the 53rd Street strip – all still with easy access to Chicago’s city core and local universities. Transportation – Hyde Park & 56th Street Bus Stop – 6, 28, 55. 3 blocks East of Metra “55th,56th,57th” Stop. Easy access to Lake Shore Drive.

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Amenities for 5540 Hyde Park by 3L Living

Apartment Amenities

Central HeatElectricity
HeatingStudy Lounge
TrashWater

Appliances

MicrowaveMini-Fridge
RefrigeratorStove

Tech

High-Speed Internet

Building

Arcade GamesBike Storage
Business CenterFitness Center
Onsite LaundryResidents Lounge
Sewer

Grounds

Storage

Services

Amazon Hub

Other

Resident Referral Program
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units188
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About 5540 Hyde Park by 3L Living

HomeApartments in ChicagoHyde Park 5540 Hyde Park by 3L Living

5540 S Hyde Park Boulevard offers vintage-style apartments with modern conveniences. Residents enjoy onsite laundry, a fitness center, high-speed amenity internet, secure keyless entry, and access to the Amazon HUB. 5540 Hyde Park is a co-living building, with private bathrooms attached to each apartment. Located near the lake, 5540 provides the perfect balance of Hyde Park’s vibrant atmosphere and at-home comfort. The neighborhood offers endless entertainment along the lakefront and a variety of dining options on the 53rd Street strip, all with easy access to downtown Chicago. Transportation: Convenient access to the Hyde Park & 56th Street Bus Stop (6, 28, 55), just three blocks from the Metra “55th, 56th, 57th” stop, and easy entry to Lake Shore Drive.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, 5540 Hyde Park by 3L Living is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 5540 Hyde Park by 3L Living has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 5540 Hyde Park by 3L Living
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
5540 Hyde Park by 3L Living offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
5540 Hyde Park by 3L Living stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks, making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
5540 Hyde Park by 3L Living is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 5540 Hyde Park by 3L Living does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Reviews from the web

Showing 8 highest rated

I put a maintenance request to maintenance for heating issues and Shaun completed the the work in a very professional and timely manner! I also had an issue with my toilet? and Tony completed that job also in a timely and professional manner! Thank you, Apt 324

Yannette Outlaw

Yannette Outlaw

Nov 27, 2023

This is a great complex Tony the maintenance man be on point if you trying to move somewhere pretty cheap and have good quality staff come here

Prophet Ellis

Prophet Ellis

Sep 04, 2024

We’re sharing just 8 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

5540 Hyde Park by 3L Living is great for:

Work-from-home

  • High speed internet is an amenity
  • Common areas for meetings or remote work
  • 1 coworking space or cafe within 1 mile

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 5540 Hyde Park by 3L Living compares to other nearby properties.

Positives

More space
The 1-bedroom is 134 sqft larger than other listings nearby
Less expensive
Studio units are cheaper than other similar listings nearby
Central heat
Climate controlled environment
Eco-friendly trash disposal
This property has recycling pickup
Extra storage
In-unit features
Fitness center
The gym is just a few steps away
Images Available
There are at least 10 photos of this property
Laundry available on site
Washers and dryers are available in-building

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1.3 miles away
Greater distance from high schools
The nearest high school is farther than 0.8 miles away

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Rent trends in Hyde Park

Studio apartments at 5540 Hyde Park by 3L Living cost about 31% less than the average rent price for studios in Hyde Park.

Median rents as of Oct 3 2026.
Hyde Park
Chicago
A table of studio rental data trends in Chicago
MonthMedian Rent
October 2024$1,605
November 2024$1,568
December 2024$1,501
January 2025$1,483
February 2025$1,495
March 2025$1,520
April 2025$1,512
May 2025$1,502
June 2025$1,531
July 2025$1,580
August 2025$1,516
September 2025$1,473
October 2025$1,495
November 2025$1,520
December 2025$1,495
January 2026$1,496
February 2026$1,516
March 2026$1,657
April 2026$1,637
May 2026$1,684
June 2026$1,691
July 2026$1,658
August 2026$1,650
September 2026$1,650
October 2026$1,650
A table of studio rental data trends in Hyde Park
MonthMedian Rent
October 2024$1,067
November 2024$1,081
December 2024$1,085
January 2025$1,094
February 2025$1,091
March 2025$1,142
April 2025$1,150
May 2025$1,170
June 2025$1,144
July 2025$1,137
August 2025$1,142
September 2025$1,150
October 2025$1,161
November 2025$1,155
December 2025$1,150
January 2026$1,150
February 2026$1,150
March 2026$1,177
April 2026$1,259
May 2026$1,308
June 2026$1,239
July 2026$1,235
August 2026$1,241
September 2026$1,224
October 2026$1,197

Affordability calculator

Can I afford to live at 5540 S Hyde Park Blvd?

Bedrooms

Studio

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$31,440/yr

With your selected rent-to-income ratio, you'd ideally want to make $31,440 annually to afford this studio median monthly rent price of $786.
For more information on rent affordability, visit our rent calculator.

Schools near 5540 Hyde Park by 3L Living

Bret Harte Elementary School

1556 e 56th st

chicago, IL, 60637

PK, K-8Public
C

Ariel Elementary Community Academy

1119 e 46th st

chicago, IL, 60653

PK, K-8Public
C-

Woodlawn Elementary Community School

6657 s kimbark ave

chicago, IL, 60637

PK, K-6Public
C

South Shore Fine Arts Elementary School

1415 e 70th st

chicago, IL, 60637

PK, K-8Public
C

Bronzeville Classical Elementary School

8 w root st

chicago, IL, 60609

K-6Public
A-
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Internet available near 5540 Hyde Park by 3L Living

Getting around Chicago near 5540 S Hyde Park Blvd

Walking

8/10
No car? No problem. Everything you need is within a few blocks.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 5540 S Hyde Park Blvd, Chicago

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Variety of restaurants within a few minutes' walk

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

5/10
At least one high school within a 20-minute walk

Parks

10/10
Exceptionally large amount of park space within a few minutes’ walk

Nightlife

4/10
Some bars within walking distance

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