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About the Listing 88677 - 882372
Nara Advisors has been exclusively engaged to market for sale Drexel House [5017 S DrexelBlvd], an 8-unit, 38-bedroom multifamily property in Chicago's Hyde Park neighborhood.5017 S Drexel is a gut-rehabbed property showcasing a rare and highly functional unit configuration: [7] spacious five-bedroom apartments and [1] three-bedroom unit, all equipped with three bathrooms. Each residence has been meticulously updated, offering modern, high-end finishes, quality furnishings, private furnaces, and in-unit laundry.These extensive upgrades support strong investment potential and market-leading returns in one of Chicago's most upward-trending submarkets. The building operates with both short-term rental flexibility and long-term lease stability.The property is situated in close proximity to numerous attractions of Chicago's desirableHyde Park neighborhood, including The University of Chicago, The Northwestern MedicalCenter, and the future Obama Presidential Library.The owner has successfully implemented a hybrid long-term/short-term rental strategy that caters to the University of Chicago community. Ownership has achieved high occupancy and strong in-place rental income off their hybrid model.
Listing Highlights for 5011 S Drexel Boulevard
Status
Active
Days on Site
0
Property Type
Multi-Family
MLS ®
12516194
Year Built
1913
Total Square Footage
0
Lot/Acreage
50' x 199'
County
Cook
Area
CHI - Kenwood
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Central Heat/Indiv Controls
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50' x 199'
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $22,619
- Taxes w/Assessments: N/A
- Tax/Property ID: 20111140020000
- Tax Year: 2023
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
5011 S Drexel Boulevard Chicago, IL 60615
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