Log In/Sign Up
Your email has been sent.
Ivy at Drexel 5235-5245 S Drexel Ave 27 Unit Apartment Building $7,162,085 CAD ($265,262 CAD/Unit) 7.19% Cap Rate Chicago, IL 60615
Investment Highlights
- High-Curb Appeal Vintage Asset
- Professionally Managed and Well-Maintained Property
- Most Units Feature In-Unit Laundry. All Have Individual HVAC
- Walking Distance from University of Chicago
- Updated Apartment Finishes and Common Areas
Executive Summary
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.
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.
Property Facts
| Price | $7,162,085 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $265,262 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 7.19% | Building Size | 25,944 SF |
| Gross Rent Multiplier | 8.63 | No. Stories | 3 |
| No. Units | 27 | Year Built | 1915 |
| Property Type | Multifamily | Parking Ratio | 0.23/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-5, Chicago | ||
| Price | $7,162,085 CAD |
| Price Per Unit | $265,262 CAD |
| Sale Type | Investment |
| Cap Rate | 7.19% |
| Gross Rent Multiplier | 8.63 |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 25,944 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Parking Ratio | 0.23/1,000 SF |
| Zoning | RM-5, Chicago |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Sunroom
- Window Coverings
Site Amenities
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,189 CAD | 600 - 900 |
| 2+1 | 15 | $2,500 CAD | 900 - 1,076 |
| 3+1 | 4 | $3,109 CAD | 1,169 |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (89)
Property Taxes
| Parcel Number | 20-11-307-006-0000 | Improvements Assessment | $317,097 CAD |
| Land Assessment | $124,638 CAD | Total Assessment | $441,735 CAD |
Property Taxes
Parcel Number
20-11-307-006-0000
Land Assessment
$124,638 CAD
Improvements Assessment
$317,097 CAD
Total Assessment
$441,735 CAD
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Ivy at Drexel | 5235-5245 S Drexel Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.