Log In/Sign Up
Your email has been sent.
5017 S Drexel Blvd 8 Unit Apartment Building $5,721,072 CAD ($715,134 CAD/Unit) 8.50% Cap Rate Chicago, IL 60615
Investment Highlights
- Attractive PPB: $147k/Bedroom
- Successful Hybrid Rental Model: Ownership has Achieved a Strong History of High Occupancy
- Located in the Desirable and Fast Appreciating Hyde Park Neighborhood
- [3] Covered Parking Spaces | [3] Uncovered Parking Spaces
- All of the Units Feature Designer Finishes and Fully Furnished Units
Executive Summary
Nara Advisors has been exclusively engaged to market for sale Drexel House [5017 S Drexel Blvd], 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 desirable Hyde Park neighborhood, including The University of Chicago, The Northwestern Medical Center, 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.
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 desirable Hyde Park neighborhood, including The University of Chicago, The Northwestern Medical Center, 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.
Property Facts
| Price | $5,721,072 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $715,134 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 8.50% | Building Size | 17,800 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Parking Ratio | 0.34/1,000 SF |
| Zoning | RM-5 - Residential | ||
| Price | $5,721,072 CAD |
| Price Per Unit | $715,134 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 17,800 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Parking Ratio | 0.34/1,000 SF |
| Zoning | RM-5 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+3 | 7 | - | 1,800 - 2,200 |
| 3+3 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-11-114-002-0000 | Improvements Assessment | $109,874 CAD |
| Land Assessment | $84,940 CAD | Total Assessment | $194,814 CAD |
Property Taxes
Parcel Number
20-11-114-002-0000
Land Assessment
$84,940 CAD
Improvements Assessment
$109,874 CAD
Total Assessment
$194,814 CAD
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
5017 S Drexel Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.