5017 S Drexel Blvd
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5017 S Drexel Blvd
8 Unit Block of Flats £4,395,949 (£549,494/Unit) Chicago, IL 60615
Investment Highlights
- Professional Investment Memorandum Available Upon Request
- Brand New Redevelopment: Designer Finishes and Fully Furnished Units
- Blocks From Proposed $100M Northwestern Medical Center, University of Chicago, and Future Obama Presidential Library Site
- Favorable Mix of Seven 5BD/3BA Units and One 3BD/3BA Unit
- Furnished Units Half of The Units Rented as Short/Mid-Term Rentals Through Airbnb and Booking.com
- Target for Student Housing or Rotational Housing for the Hospital
Executive Summary
Essex Realty Group, Inc. has been exclusively engaged to market for sale 5017 S Drexel Blvd, an 8-unit multifamily property in Chicago's Hyde Park neighborhood.
Property Facts
| Price | £4,395,949 | Property Subtype | Apartment |
| Price Per Unit | £549,494 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Size | 17,800 SF |
| No. Units | 8 | Number of Floors | 3 |
| Property Type | Residential | Year Built/Renovated | 1915/2023 |
| Price | £4,395,949 |
| Price Per Unit | £549,494 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Size | 17,800 SF |
| Number of Floors | 3 |
| Year Built/Renovated | 1915/2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+3 | 1 | - | 1,600 - 1,800 |
| 5+3 | 7 | - | 2,100 - 2,400 |
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Walk Score ®
Very Walkable (71)
Bike Score ®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 20-11-114-002-0000 | Improvements Assessment | £72,081 |
| Land Assessment | £11,775 | Total Assessment | £83,856 |
PROPERTY TAXES
Parcel Number
20-11-114-002-0000
Land Assessment
£11,775
Improvements Assessment
£72,081
Total Assessment
£83,856
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Robert Berman -
Essex Realty Group
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5017 S Drexel Blvd
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