5428 S Drexel Avenue Chicago, IL $ 975,000
5428 S Drexel Avenue
$ 975,000
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5428 S Drexel Avenue

Chicago, IL, 60615
$ 975,000
Bedrooms7 Baths5.0 Sq 3,200

Monthly Estimate*

$ 6,480

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Multi-Family Home for sale in Chicago, IL

for $975,000 with 7 bedrooms and 5 full baths. This 3,200 square foot home was built in 1913.

Completely renovated LEGAL 3 flat 1 block from U of C campus and 2 blocks from the future $815 million University of Chicago Medicine cancer center in Hyde Park. All units have been remodeled which include 3bd/2bath top floor, 2bd/2bath middle floor, and 2Bd/1bath garden unit. Renovations include copper and pvc plumbing, electric (new 200 amp electric service to building), kitchens, bathrooms, and appliances. All NEW pvc sewer line under the building, drain tile system throughout garden, water heaters (3), boilers (2nd and 1st floor), HVAC (garden), side secure metal gate, and rear balcony steel stairs. Garden unit (nearly finished and expected to be done in next couple weeks) has been completely remodeled to the studs with full plans and permits. Seller to close out all paperwork on permits prior to closing. Amazing opportunity for live in owner or investor with strong current rents and long term appreciation in this location. The University of Chicago ranked #12 Nationally in the United States last year and is home to roughly 18,500 students (undergrad and graduate).

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Multi-Family Active

Price

$ 975,000

Bedrooms

7

Full Bath

5

Property Type

Multi-Family

Taxes

$ 9,873

Style

Year Built

1913

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12054666

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air Steam
Possession Closing
Roof Flat
Garage Spaces 2
Year Built 1913
Township Hyde Park
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 84696
County Cook
Net Operating Income 65391
Insurance Expense 2445
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status Active
Directions From Cottage Grove head east on 54th Street. Then south on Drexel. Easier to access from the north.
City Chicago
High School District 299
MLS Area CHI - Hyde Park
Waterfront Y/N N
Street Name Drexel
Tax Annual Amount 9873
Electric Expense 240
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 2706
Additional Parcels Y/N N
Days on Market 9
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Full Finished
Street Suffix Avenue
Total Bedrooms 7
Total Baths 5
Bedrooms Possible 7
Full Baths Building 5
Half Baths Building 0
Total Number of Units 3
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Exterior
Lot Features Fenced Yard
Water Source Public
Total Parking 2
Foundation Details Concrete Perimeter
Lot Dimensions 130X24
Garage Onsite Yes
Garage Type Detached
Garage Ownership Owned
Exterior Brick
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* Excluded Features
List By
Triton Realty Group Llc

Broker

edward@tritonrealtygroupllc.com

Email

Affordability Calculator

$7,303
Per Month
89%
11%
0%
Monthly Principal & Interest
$6,480
Monthly Property Taxes
$823
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2024$975,000 Listed Price

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5428 S Drexel Avenue, Chicago, IL, 60615 is a Multi-Family Home for sale at $975,000 with 3,200 sqft. 5428 S Drexel Avenue has 7 bedrooms, 5.0 baths, and was built in 1913. The property's zip code is 60615 which is in Chicago, IL