5115 S Drexel Ave - Apartments FOR SALE


Chicago, IL 60615- Hyde Park
$2,375,000 USD
312-477-0195
5115 S Drexel Ave, Chicago, IL for Sale
$2,375,000 USD
Apartments - FOR SALE
1/24
null | 7.62% Cap Rate

5115 S Drexel Ave
Chicago, IL 60615
Hyde Park


OVERVIEW

Interra Realty has been exclusively engaged to market 5115 S. Drexel Blvd. for sale. The subject property is an eight (8) unit multi-family building located in the highly desirable sub-market of Hyde Park on Chicago's southside. The front to back building boasts large apartments: (3) 3Bdr/2Ba Units, (3) 2Bdr/2Ba Units, and (2) 2Bdr/1Ba Garden Units. The basement grade units have both been gut-renovated and feature stainless steel appliances, granite countertops, and sleekly finished units--both are currently operated as an Airbnb. The six (6) above grade units are in more of a vintage format and could take on a further renovation to provide the owner the ability to further increase rents in order to achieve stronger returns. The building is currently professionally managed and operated and is offered free and clear of any existing debt.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

8

PRICE/UNIT

$296,875

CAP RATE

7.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,502 SF

ZONING

R4, Chicago

APN/PARCEL ID

20-11-301-003-0000

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 Policy.