Property Overview
Interra Realty has been exclusively engaged to market 4408 South Drexel Boulevard, a (49) unit multifamily walk-up situated in the desirable Kenwood neighborhood on Chicago’s South Side. The property offers strong connectivity to Downtown Chicago and is ideally located near the University of Chicago and the vibrant Hyde Park shopping and retail district.
The property features a well-balanced unit mix consisting of (6) Studios, (10) 1Bdr/1Ba units, (28) 2Bdr/1Ba units, and (5) 3Bdr/1Ba units. Units have been tastefully upgraded featuring granite countertops, new cabinetry, and upgraded bathrooms.
This offering presents a compelling opportunity for a new investor to acquire a well-located asset in an in-demand submarket.
Highlights
- Well Maintained Building in Kenwood
- Balanced Unit Mix: (6) Studios, (10) 1BD/1BA, (28) 2BD/1BA,
(5) 3BD/1BA - Great Economies of Scale in a Mature Sub-Market
- Double Digit Cash-on-Cash
Key Details
Sale Price
$8,975,000
Number of Units
Forty-Nine (49)
Submarket
Kenwood