3967 S Drexel Blvd presents a rare opportunity to acquire a fully stabilized multifamily asset in Chicago's historic Oakland neighborhood. The five-unit property occupies a prominent 70-foot frontage along Drexel Boulevard and benefits from a location adjacent to Mandrake Park and within walking distance of Chicago's lakefront. The surrounding area features a mix of established residential properties, historic architecture, and ongoing investment activity throughout the South Side lakefront corridor.
Originally constructed in 1900 and extensively renovated, the property features five large residential units with upscale finishes and distinctive architectural character. Building amenities include a passenger elevator serving the residences, private terraces, a formal lobby with custom finishes, landscaped botanical gardens, and a nine-car garage. Interior features reported within the units include hardwood flooring, updated kitchens with quartz countertops and stainless steel appliances, in-unit laundry, modern HVAC systems, and renovated bathrooms.
The asset is offered as a stabilized investment with existing leases in place and reported annual income of $213,732 and annual net operating income of $141,525. The combination of historic architecture, substantial capital improvements, on-site parking, elevator service, and proximity to neighborhood amenities creates a differentiated investment opportunity within one of Chicago's established multifamily submarkets.