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$1,450,000   Price Analysis
USDAProperties Agent Contact Page  Agent Details  share icon     map icon  QR
5407-09 S Drexel Ave
Chicago, IL 60615
14 bed 8 bath unknown SqFt ($0/SqFt)
5,000SqFt lot. Built 1920
Listed 2024-03-31, Taxes $13,739
Ⓧ USDA Ineligible
due to price & location

near Chicago

ALL BRICK SOLID MULTI UNITS IN THE HEART OF HYDEPARK.

* Has Contingent Offer *

TOTAL 8 UNITS. MAKE IT YOUR SOLID and GREAT INVESTMENT OPPORTUNITY FOR LONG TERM INVESTMENT IN THE UNIVERSITY OF CHICAGO AREA. FEATURES TOTAL OF 6 OF THE 2 BEDROOMS, 1 FULL BATH UNIT WITH 1300SF/UNIT. 2 OF THE GARDEN 1 BEDR OOM 1 BATH UNIT. ORGINAL HARDWOOD FLOORS, STAINLESS STEEL APPLIANCES (MOST OF THEM NEWER), IN UNIT WASHER and DRYER AND PUBLIC WASHWER and DRYER AS WELL. IN UNIT LAUNDRY & COMMON SHARE LAUNDRY UNIT IN THE BASEMENT.

1 WATER HEATING SYSTEM & HOT WATER SUPPLIES TO ALL UNITS, TENANT PAYS FOR COOKING GAS AND ELETRIC. WINDOW AIR CONDITIONING, BRAND BRAND BRAND NEW TEAR OFF FLAT ROOF IN 2021, 8 PARKING SPACES & FENCE COMPLETED IN 2022, MOST OF APPLIANCES ARE STAINLESS STEEL. GOOD AND STABLE TENANTS. RENT BELOW MARKET. ALL UNITS CURRENT ON LEASE EXPIRES IN THE SUMMER TIME, FULLY RENTED ONLY 1 UNIT VACANT FOR SHOWING. WALKING DISTANCE TO University f Chicago Hospital and School. PREAPPROVED INVESTOR ONLY. This opportunity won't last long.


Presented by TANNI WONG at
Lakeside Properties Group, Llc.
Listing Agent Photo

Property MLS #11999188 from MRED

Bedrooms: 14

Yes

Full Bathrooms: 8

Basement Description: Finished, Egress Window, Walk-Up Access

6

Lot Size Acres: 0.1147842
Lot Size Dimensions: 50' X 100'
Lot Size Square Feet: 5000

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 8
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 4
Unit-1 Description: Unit 1, Units Total: 6
Unit-2 Description: Unit 2, Units Total: 2
Unit-3 Description: Unit 3
Unit-4 Description: Unit 4
Unit-5 Description: Unit 5
Unit-6 Description: Unit 6
Unit-7 Description: Unit 7

Tenant Pays: Air Conditioning, Electricity

Annual Tax Amount: 15000.00
Source Listing Status: Active Under Contract
County: Cook
Directions: 53rd St west to Drexel, south to property
Tax Year: 2022
Source Property Type: Multi-Family
Parcel Number: 20113200020000
Township: Hyde Park
Zoning: MULTI
Property Subtype: Multi Family 5+
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$60,523 + $7,800
$68,323
$13,739
2020$52,046 + $7,800
$59,846
$13,331
2019$52,046 + $7,800
$59,846
$12,023
2018$52,046 + $7,800
$59,846
$11,821
2017$51,569 + $6,240
$57,809
$12,444
2016$51,569 + $6,240
$57,809
$11,578
2015$51,569 + $6,240
$57,809
$10,593
2014$43,301 + $3,900
$47,201
$8,757
2013$43,301 + $3,900
$47,201
$8,584
2012$43,301 + $3,900
$47,201
$8,470
2011$41,676 + $3,900
$45,576
$7,385
2010$36,920 + $18,720
$55,640
$9,053
2009$49,288 + $18,720
$68,008
$10,604
2007$81,144 + $11,856
$93,000
$13,208
2006$81,144 + $11,856
$93,000
$13,350

Sold 2024-05-21
$1,450,000
Public Record
Listed 2024-03-31
$1,450,000
MRED
Listing removed 2024-02-13
$1,450
MRED
Listing removed 2016-08-18
$1,450
MRED
Listed for rent 2016-07-08
$1,450
MRED
Sold 2013-12-27
$1,175,000
Public Record
Sold 2005-07-13
$890,000
Public Record
Sold 1992-07-09
$235,000
Public Record

Year Built: 1920
Construction Materials: Brick, Block
Foundation Details: Concrete Perimeter
Property Age: 104
Roof: Tar and Gravel
Levels or Stories: 3

Kozminski Elementary Community Academy is a public elementary and middle school located approximately 0.1 miles away.
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Kenwood Academy High School is a public middle and high school located approximately 0.8 miles away.
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St. Thomas the Apostle Elementary School is a private elementary and middle school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.