Address
5407-09 S Drexel Avenue, Chicago, IL
Price
$ 1,450,000
Property Attributes
- MLS#11999188
- TypeContingent
- CountyCOOK
- CityChicago
- AreaCHI - Hyde Park
- NeighborhoodHyde Park
- Zip60615
- Style
- Year Built1920
- Taxes$ 15000
- Price$ 1,450,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
ALL BRICK SOLID MULTI UNITS IN THE HEART OF HYDEPARK. TOTAL 8 UNITS. MAKE IT YOUR SOLID & GREAT INVESTMENT OPPORTUNITY FOR LONG TERM INVESTMENT IN THE UNIVERSITY OF CHICAGO AREA. FEATURES TOTAL OF 6 OF THE 2 BEDROOMS, 1 FULL BATH UNIT WITH 1300SF/UNIT. 2 OF THE GARDEN 1 BEDROOM 1 BATH UNIT. ORGINAL HARDWOOD FLOORS, STAINLESS STEEL APPLIANCES (MOST OF THEM NEWER), IN UNIT WASHER & DRYER AND PUBLIC WASHWER & DRYER AS WELL. IN UNIT LAUNDRY & COMMON SHARE LAUNDRY UNIT IN THE BASEMENT. 1 WATER HEATING SYSTEM & HOT WATER SUPPLIES TO ALL UNITS, TENANT PAYS FOR COOKING GAS AND ELETRIC. WINDOW AIR CONDITIONING, BRAND NEW TEAR OFF FLAT ROOF IN 2021, 8 PARKING SPACES & FENCE COMPLETED IN 2022, MOST OF APPLIANCES ARE STAINLESS STEEL. GOOD AND STABLE TENANTS. RENT BELOW MARKET. ALL UNITS CURRENT ON LEASE EXPIRES IN THE SUMMER TIME, FULLY RENTED ONLY 1 UNIT VACANT FOR SHOWING. WALKING DISTANCE TO University of Chicago Hospital and School. PREAPPROVED INVESTOR ONLY. This opportunity won't last long.
| Price History | |
|---|---|
| 3/31/2024 | Listed $1,450,000 |
General Features
| Cooling | None |
|---|---|
| Possession | Closing |
| Roof | Tar and Gravel |
| Zoning | MULTI |
| Construction Materials | Brick,Block |
| Year Built | 1920 |
| Tenant Pays | Air Conditioning,Electricity |
| Stories | 3 |
| Township | Hyde Park |
| Tax Year | 2022 |
| Gross Income | 125400 |
| County | Cook |
| Operating Expense | 7000 |
| Insurance Expense | 900 |
| Property Type | Commercial Sale |
| Contingency | Attorney/Inspection |
| Status | Contingent |
| Directions | 53rd St west to Drexel,south to property |
| City | Chicago |
| Total Units | 8 |
| MLS Area | CHI - Hyde Park |
| Street Name | Drexel |
| Tax Annual Amount | 15000 |
| Electric Expense | 800 |
| Fuel Expense | 8000 |
| Trash Expense | 1200 |
| Water Sewer Expense | 4800 |
| Additional Parcels Y/N | No |
| Days on Market | 1 |
| Standard Status | Active Under Contract |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|---|
| Basement | Finished,Egress Window,Walk-Up Access |
Exterior Features
| Foundation Details | Concrete Perimeter |
|---|---|
| Lot Dimensions | 50' X 100' |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60615
Price
Taxes
Visits
Year Built
