5430-5432 S Drexel Ave - Apartments FOR SALE


Chicago, IL 60615- Hyde Park
$1,350,000 USD
847-863-2707
5430-5432 S Drexel Ave, Chicago, IL for Sale
$1,350,000 USD
Apartments - FOR SALE
1/5
null | 7.1% Cap Rate

5430-5432 S Drexel Ave
Chicago, IL 60615
Hyde Park


HIGHLIGHTS

  • Updated Units
  • Tnant paid Heat
  • 4 car garage

OVERVIEW

CRER is pleased to exclusively offer this stately apartment building located near the University of Chicago, one of the most powerful institutional anchors in the Midwest. Hyde Park is known for stable tenant demand, timeless architectural character, and consistent long term appreciation. The location offers immediate access to the University of Chicago along with close proximity to Lake Michigan, Downtown Chicago, and accessible public transportation, all of which support a deep and dependable renter pool. This property is ideally suited for investors seeking a core Hyde Park position with strong in place income and durable long term value growth. The location drives consistently high demand, makes this an outstanding opportunity in one of the most resilient and historically stable multifamily submarkets in Chicago.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

6

PRICE/UNIT

$225,000

CAP RATE

7.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1913

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,242 SF

ZONING

RM-5

APN/PARCEL ID

20-11-326-033-0000

ASK ABOUT THIS PROPERTY

Steven RapoportChicago Real Estate ResourcesMore Info
847-863-2707

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Steven RapoportChicago Real Estate ResourcesMore Info
847-863-2707

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