5430 S Drexel Avenue
Chicago, IL 60615

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Description

Separate tenant paid heat. Apartment building located near the University of Chicago, one of the most powerful institutional anchors in the Midwest. Hyde Park is known for stable tenant demand, timeless architectural character, and consistent long term appreciation. The location offers immediate access to the University of Chicago along with close proximity to Lake Michigan, Downtown Chicago, and accessible public transportation, all of which support a deep and dependable renter pool. This property is ideally suited for investors seeking a core Hyde Park position with strong in place income and durable long term value growth. The location drives consistently high demand, makes this an outstanding opportunity in one of the most resilient and historically stable multifamily submarkets in Chicago.

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60615
• Year Built: 1916
• Stories: 3
• Units: 6 units
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 7.1
• Directions: 5430-5432 S. Drexel Ave, Chicago, IL 60615.... South of 54th, north of 55th
• Gross Income: 151656
• Gross Rent Multiplier: 8.68
• Heat/Ventilation: Radiators
• Information: 24-Hr Notice Required
• Lot Size Square Feet: 6240
• Main Type: Commercial Sale
• Operating Expense: 51831
• Tax Annual Amount: 21117
• Tax Year: 2024
• Total Monthly Income: 12638
• Type Multi-Family: Flats