IL > Chicago
Chicago, IL 60615,5011 S Drexel BLVD
Chicago, IL 60615,5011 S Drexel BLVD
Chicago, IL 60615,5011 S Drexel BLVD
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$4,700,000
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5011 S Drexel BLVD Chicago, IL 60615

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Park Place Realty Group LLC

Park Place Realty Group LLC

+1(708) 722-5106

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12516194

Maintenance Fees $4,400

Year Built 1913

Annual Tax Amount $22,619

Tax Year 2023

Lot Dimensions 50' x 199'

Property Sub-Type Multi Family 5+

Property Description

Nara Advisors has been exclusively engaged to market for sale Drexel House [5017 S DrexelBlvd], an 8-unit, 38-bedroom multifamily property in Chicago's Hyde Park neighborhood.5017 S Drexel is a gut-rehabbed property showcasing a rare and highly functional unit configuration: [7] spacious five-bedroom apartments and [1] three-bedroom unit, all equipped with three bathrooms. Each residence has been meticulously updated, offering modern, high-end finishes, quality furnishings, private furnaces, and in-unit laundry.These extensive upgrades support strong investment potential and market-leading returns in one of Chicago's most upward-trending submarkets. The building operates with both short-term rental flexibility and long-term lease stability.The property is situated in close proximity to numerous attractions of Chicago's desirableHyde Park neighborhood, including The University of Chicago, The Northwestern MedicalCenter, and the future Obama Presidential Library.The owner has successfully implemented a hybrid long-term/short-term rental strategy that caters to the University of Chicago community. Ownership has achieved high occupancy and strong in-place rental income off their hybrid model.

Location

State IL

County Cook

Area Chi - Kenwood

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Ryan Blake of  Nara Advisors, Inc 

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Park Place Realty Group LLC

Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106

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