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.
This gut rehabbed property features an immensely favorable unit mix of seven five-bedroom units and one three-bedroom unit with
three bathrooms in all of the apartments. The units were all recently renovated and feature top quality, modern finishes with fully
furnished units, individual furnaces, and in-unit washer/dryer throughout, allowing an investor to achieve top of the market
returns in one of Chicago’s most appreciating submarkets.
The property is situated in close proximity to numerous attractions of Chicago’s desirable Hyde Park neighborhood, including The
University of Chicago, The Northwestern Medical Center, and the future Obama Presidential Library.
This offering presents the rare opportunity for an investor to acquire a recently renovated, turnkey asset with a desirable unit mix
in Hyde Park, one of Chicago’s most sought after neighborhoods
5017 S Drexel Blvd
- Brand New Redevelopment: Designer Finishes and Fully Furnished Units
- Completely Gut Rehabbed, No Deferred Maintenance
- Vacant and Rent Ready: Incoming Buyer to Have Full Control Over Leasing Process
- Favorable Mix of Seven 5BD/3BA Units and One 3BD/3BA Unit
- 5BD Units: +/- 2,500 SF
- Blocks From Proposed $100M Northwestern Medical Center, University of Chicago, and Obama Presidential Library Site