CLOSED – MULTI-FAMILY
5417 South Drexel Avenue Chicago, IL 60615
NEIGHBORHOOD
Hyde Park
PRICE
Call for details
NUMBER OF UNITS
8
PROPERTY LISTED

Essex Realty Group, Inc. is proud to announce the sale of 5417 South Drexel Avenue, an 8 unit center entrance brick apartment building located in Chicago’s Hyde Park neighborhood. Through a competitive marketing process, Essex procured 10 showings and multiple offers. The property went under contract in less than 2 months.

In the last 2 weeks, Essex Realty Group has closed more than 90 units within a few blocks of the University of Chicago.

LOCATION DETAILS

The property is located on the east side of South Drexel Avenue, just south of East 54th Street and roughly 1 mile from the 51st/53rd Street Metra Station. The property is 2 blocks east of Washington Park, approx. 1.5 miles west of Lake Michigan, and less than a mile north of the University of Chicago

HIGHLIGHTS
  • Large 3 Bedroom Units - Approx. 1,500 SF
  • The Units Feature Moderate Updates & Separate Living & Dining Rooms
  • Value Add Opportunity - Remove Boiler, Add Individual HVAC & Washer/Dryer In-Unit
  • Located less than a Mile North of the University of Chicago
  • Assumable Interest Rate at 4.20%
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922