Chicago, IL 60615 5428 S Drexel Avenue

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Presented By: Triton Realty Group LLC
  • MLS# 12054666
  • 05/14/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Beds • 7
  • Baths • 5
  • SQFT • 3,200
  • Garage • 2

Home Details

Completely renovated LEGAL 3 flat 1 block from U of C campus and 2 blocks from the future $815 million University of Chicago Medicine cancer center in Hyde Park. All units have been remodeled which include 3bd/2bath top floor, 2bd/2bath middle floor, and 2Bd/1bath garden unit. Renovations include copper and pvc plumbing, electric (new 200 amp electric service to building), kitchens, bathrooms, and appliances. All NEW pvc sewer line under the building, drain tile system throughout garden, water heaters (3), boilers (2nd and 1st floor), HVAC (garden), side secure metal gate, and rear balcony steel stairs. Garden unit (nearly finished and expected to be done in next couple weeks) has been completely remodeled to the studs with full plans and permits. Seller to close out all paperwork on permits prior to closing. Amazing opportunity for live in owner or investor with strong current rents and long term appreciation in this location. The University of Chicago ranked #12 Nationally in the United States last year and is home to roughly 18,500 students (undergrad and graduate).
Presented By: Triton Realty Group LLC

Interior Features for 5428 S Drexel Avenue

Bedrooms

Bedrooms Possible7
Total Bedrooms7

Bathrooms

Full Baths Building5
Half Baths Building
Total Baths5

Other Interior Features

BasementFull
BasementFinished
Total Number of Units3

General for 5428 S Drexel Avenue

Additional Parcels Y/NNo
CityChicago
CountyCook
Days on Market32
DirectionsFrom Cottage Grove, head east on 54th Street. Then south on Drexel. Easier to access from the north.
Electric Expense240
Elementary School District299
Fuel Expense
Garage Spaces2
Gross Income84696
HeatingNatural Gas, Forced Air, Steam
High School District299
Insurance Expense2445
MLS AreaCHI - Hyde Park
MaintenanceExpense750
Middle/Junior School District299
Net Operating Income65391
New ConstructionNo
Percent OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount9873
Tax Year2022
Total Rooms15
TownshipHyde Park
Trash Expense0
Water Sewer Expense2706
Waterfront Y/NNo
Year Built1913

Exterior for 5428 S Drexel Avenue

ExteriorBrick
Foundation DetailsConcrete Perimeter
Garage OnsiteYes
Garage OwnershipOwned
Garage TypeDetached
Lot Dimensions130X24
Lot FeaturesFenced Yard
Total Parking2
Water SourcePublic

Additional Details

Price History

Worth Clark

Price $975,000
MLS#12054666
List Date 05/14/2024
Property Type Multi-Family
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