4915 S. Drexel Blvd. is a 31-unit multifamily building in the Kenwood neighborhood of Chicago, IL. The unit mix is comprised of (10) 1Bdr/1Ba, (15) 2Bdr/1Ba, and (6) 3Bdr/1Ba units. 50% of units feature renovated kitchens and baths, leaving significant value-add opportunity to update the remaining units and increase rental income.
The building features an 18-year-old roof, new silver coat installed in 2019, newer tuckpointing, all windows in front and 50% of windows on the side were replaced 8 years ago, buzzer system, newer hallway carpet, 600 electrical amps to the building, 25-year-old boiler with (6) R&D sensors, Mighty Therm water heater and tank that is 6 years old, 75% copper plumbing with (8) newer shut-off valves, (3) washers and (4) dryers owned, 16 security cameras (outside and inside) and (1) hydraulic elevator. The units feature baseboard heat, Formica countertops, standard appliances, hardwood floors, tiled kitchen and bath floors, ceiling fans and 60 electrical amps.
The property is 1 mile to the 51st (Green) CTA "L" and the 51st/53rd Metra station, and is 0.2 miles to the Cottage Grove & 49th St. Bus Stop.
- 31-Unit Multifamily Building in Kenwood
- Unit Mix: (10) 1Bdr/1Ba, (15) 2Bdr/1Ba & (6) 3Bdr/1Ba Layouts
- Value-Add Opportunity
- Recent CapEx includes: Mostly Copper Plumbing, New Silver Roof Coat installed 2019, Newer Tuckpointing, Newer Front Windows
- 1 mile from 51st (Green) CTA “L” Station, 1 mile from the Hyde Park Metra Station, and .2 miles from the Cottage Grove & 49th St. Bus Stop