5235-5245 S Drexel Ave - Apartments FOR SALE


Chicago, IL 60615- Hyde Park
$5,265,000 USD
312-848-6682
5235-5245 S Drexel Ave, Chicago, IL for Sale
$5,265,000 USD
Apartments - FOR SALE
1/26
null | 7.19% Cap Rate

5235-5245 S Drexel Ave
Chicago, IL 60615
Hyde Park


HIGHLIGHTS

  • High-Curb Appeal Vintage Asset
  • Walking Distance from University of Chicago
  • Professionally Managed and Well-Maintained Property
  • Updated Apartment Finishes and Common Areas
  • Most Units Feature In-Unit Laundry. All Have Individual HVAC

OVERVIEW

Interra Realty has been exclusively engaged to market 5235 S. Drexel Avenue, Chicago, for sale. The subject investment property is a 27 unit, walk-up style multifamily asset in the Hyde Park Neighborhood. The property has high curb appeal and has significant frontage and presence on both Drexel and 53rd. The subject investment property features an attractive mix of one, two, and three bedroom apartments. The finishes have been upgraded to feature granite countertops and stainless steel appliances. All apartments have separate HVAC and the larger format units have in-unit laundry equipment. There are six parking spaces which generate additional revenue in the rear of the property.

FOR SALE DETAILS

PRICE

$5,265,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

27

PRICE/UNIT

$195,000

CAP RATE

7.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ivy at Drexel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,778 SF

ZONING

RM-5, Chicago

APN/PARCEL ID

20-11-307-006-0000

ASK ABOUT THIS PROPERTY

Joe SmazalInterra RealtyMore Info
312-848-6682

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Joe SmazalInterra RealtyMore Info
312-848-6682

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