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5430-5432 S Drexel Ave 6 Unit Apartment Building $1,882,575 CAD ($313,763 CAD/Unit) 7.10% Cap Rate Chicago, IL 60615
Investment Highlights
- Updated Units
- 4 car garage
- Tnant paid Heat
Executive Summary
CRER is pleased to exclusively offer this stately apartment building located near the University of Chicago, one of the most powerful institutional anchors in the Midwest. Hyde Park is known for stable tenant demand, timeless architectural character, and consistent long term appreciation. The location offers immediate access to the University of Chicago along with close proximity to Lake Michigan, Downtown Chicago, and accessible public transportation, all of which support a deep and dependable renter pool. This property is ideally suited for investors seeking a core Hyde Park position with strong in place income and durable long term value growth. The location drives consistently high demand, makes this an outstanding opportunity in one of the most resilient and historically stable multifamily submarkets in Chicago.
Property Facts
| Price | $1,882,575 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $313,763 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.10% | Building Size | 5,510 SF |
| Gross Rent Multiplier | 8.68 | No. Stories | 3 |
| No. Units | 6 | Year Built | 1913 |
| Property Type | Multifamily | Parking Ratio | 0.73/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-5 | ||
| Price | $1,882,575 CAD |
| Price Per Unit | $313,763 CAD |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| Gross Rent Multiplier | 8.68 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,510 SF |
| No. Stories | 3 |
| Year Built | 1913 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | RM-5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 895 - 975 |
| 2+2 | 1 | - | - |
| 3+1 | 2 | - | - |
| 3+2 | 2 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 20-11-326-033-0000 | Improvements Assessment | $92,171 CAD |
| Land Assessment | $53,950 CAD | Total Assessment | $146,121 CAD |
Property Taxes
Parcel Number
20-11-326-033-0000
Land Assessment
$53,950 CAD
Improvements Assessment
$92,171 CAD
Total Assessment
$146,121 CAD
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5430-5432 S Drexel Ave
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