4408-4414 S Drexel Blvd - Apartments FOR SALE


Chicago, IL 60653- Bronzeville
$8,975,000 USD
312-477-0195
4408-4414 S Drexel Blvd, Chicago, IL for Sale
$8,975,000 USD
Apartments - FOR SALE
1/22
null | 8.08% Cap Rate

4408-4414 S Drexel Blvd
Chicago, IL 60653
Bronzeville


OVERVIEW

Interra Realty has been exclusively engaged to market 4408 South Drexel Boulevard, a (49) unit multifamily walk-up situated in the desirable Kenwood neighborhood on Chicago’s South Side. The property offers strong connectivity to Downtown Chicago and is ideally located near the University of Chicago and the vibrant Hyde Park shopping and retail district. The property features a well-balanced unit mix consisting of (6) Studios, (10) 1Bdr/1Ba units, (28) 2Bdr/1Ba units, and (5) 3Bdr/1Ba units. Units have been tastefully upgraded featuring granite countertops, new cabinetry, and upgraded bathrooms. This offering presents a compelling opportunity for a new investor to acquire a well-located asset in an in-demand submarket.

FOR SALE DETAILS

PRICE

$8,975,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

49

PRICE/UNIT

$183,163

CAP RATE

8.08%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kenwood Courtyard

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,639 SF

ZONING

RM-5

APN/PARCEL ID

20-02-305-016-0000

ASK ABOUT THIS PROPERTY

Brad FeldmanInterra RealtyMore Info
312-477-0195

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Brad FeldmanInterra RealtyMore Info
312-477-0195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.