Under contract
Contingent
5428 S Drexel Avenue
Chicago IL, 60615
$895,000
Under contract
Contingent
7 Beds
5 Baths
Multi-family
Built in 1913
Courtesy of Triton Realty Group LLC
$50K price reduction from $945K to $895K! 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. $85K of rental income in-place ($7108/mo); with parking (vacant) would be ~$89K. So nearly 10x GRM deal in attractive Hyde Park! 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).
12054666
MLSⓇ ID
May 15, 2024
Listed
October 2, 2024
Updated
Map
5428 S Drexel Avenue
Chicago IL, 60615
Interior Features
Bedrooms
7
Total Bathrooms
5
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Natural Gas, Forced Air, Steam
Exterior/Building Features
Lot Features
Fenced Yard
Roof
Flat
Sewer
Public Sewer
School Information
School District
299
Other Property Details
Area Name
CHI - Hyde Park
Taxes
$9,873
Tax Frequency
Annually
Days on Market
123
Garage
Yes
Garage Spaces
2
Parking Total
2
View
No
County
Cook
Municipality
Hyde Park
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
9/12/2024 | Under contract | — |
8/12/2024 | Active | — |
8/8/2024 | Under contract | — |
7/29/2024 | Price change | $895,000 -6% |
7/8/2024 | Price change | $945,000 -4% |
Courtesy of Triton Realty Group LLC, Edward Liss,
Listing Contact: 630-251-4110
The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Taylor Dixon Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Based on information submitted to the MLS GRID for MRED 10/2/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
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Data last updated 4:23 AM UTC, 10/2/2024
