5235-45 S. DREXEL AVENUE

Property Overview

Interra Realty has been exclusively engaged to market 5235 S. Drexel Avenue, Chicago, for sale. The subject investment property is a 27 unit, walk-up style multifamily asset in the Hyde Park Neighborhood. The property has high curb appeal and has significant frontage and presence on both Drexel and 53rd.

The subject investment property features an attractive mix of one, two, and three bedroom apartments. The finishes have been upgraded to feature granite countertops and stainless steel appliances. All apartments have separate HVAC and the larger format units have in-unit laundry equipment. There are six
parking spaces which generate additional revenue in the rear of the property.

5235 S. Drexel Avenue is being offered for sale with attractive, assumable financing. The Freddie small balance, non-recourse loan is serviced by Regions Bank. It is fixed at 4.35% until March of 2028.

Highlights

  • High-Curb Appeal Vintage Asset
  • Walking Distance from University of Chicago
  • Professionally Managed and Well-Maintained Property
  • Updated Apartment Finishes and Common Areas
  • Most Units Feature In-Unit Laundry. All Have Individual HVAC
  • Attractive, Assumable Financing In-Place

Key Details

Sale Price
$5,265,000
Number of Units
Twenty-Seven (27)
Submarket
Hyde Park