Residential Income for Sale: 5428 S Drexel, Chicago, IL 60615

7 beds
$895,000
$895,000
5428 S Drexel, Chicago, IL 60615
7 beds
$895,000
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Price:
$895,000
$50,000 - 07/29/2024

Type Residential Income
Beds 7
Year Built 1913

City Chicago
County Cook
School District 299

MLS 12054666
Status Active Under Contract
$50K price reduction from $945K to $895K! Completely renovated LEGAL 3 flat 1 block from U of C campus and 2 blocks from the future $815 million University of Chicago Medicine cancer center in Hyde Park. All units have been remodeled which include 3bd/2bath top floor, 2bd/2bath middle floor, and 2Bd/1bath garden unit. $85K of rental income in-place ($7108/mo); with parking (vacant) would be ~$89K. So nearly 10x GRM deal in attractive Hyde Park! Renovations include copper and pvc plumbing, electric (new 200 amp electric service to building), kitchens, bathrooms, and appliances. All NEW pvc sewer line under the building, drain tile system throughout garden, water heaters (3), boilers (2nd and 1st floor), HVAC (garden), side secure metal gate, and rear balcony steel stairs. Garden unit (nearly finished and expected to be done in next couple weeks) has been completely remodeled to the studs with full plans and permits. Seller to close out all paperwork on permits prior to closing. Amazing opportunity for live in owner or investor with strong current rents and long term appreciation in this location. The University of Chicago ranked #12 Nationally in the United States last year and is home to roughly 18,500 students (undergrad and graduate).

Room Features

Basement Description Finished

Lot & Building Features

Heating Forced Air, Steam, Natural Gas
Parking Description Garage
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 130X24 ft

Community and Schools

Elementary School 299

Price History of 5428 Drexel, Chicago, IL

Date Name Price Difference
07/29/2024 Price Adjustment $895,000 5.29%
07/08/2024 Price Adjustment $945,000 3.08%
12/31/1969 Listing Price $975,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Photo of Susan Romano
Susan Romano
Broker
Direct: 708-528-4543
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Triton Realty Group LLC, Edward Liss & James Thompson
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1%
6.75%
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Monthly Taxes
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5428 Drexel (MLS #12054666) is a residential income listing located in Chicago, IL. This property was listed on 05/15/2024 and has been priced for sale at $895,000.

Nearby zip codes are 60619, 60637 and 60653.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Triton Realty Group LLC