5428 South Drexel Avenue

Chicago, IL 60615

$975,000
Price
7
Beds
5
Baths
3,200 Sq. Ft.
$305 / Sq. Ft.
3,200
Sq. Ft.
$305
per Sq. Ft.

Description

Completely renovated LEGAL 3 flat 1 block from U of C campus and 2 blocks from the future $815 million University of Chicago Medicine cancer center in Hyde Park. All units have been remodeled which include 3bd/2bath top floor, 2bd/2bath middle floor, and 2Bd/1bath garden unit. Renovations include copper and pvc plumbing, electric (new 200 amp electric service to building), kitchens, bathrooms, and appliances. All NEW pvc sewer line under the building, drain tile system throughout garden, water heaters...Completely renovated LEGAL 3 flat 1 block from U of C campus and 2 blocks from the future $815 million University of Chicago Medicine cancer center in Hyde Park. All units have been remodeled which include 3bd/2bath top floor, 2bd/2bath middle floor, and 2Bd/1bath garden unit. Renovations include copper and pvc plumbing, electric (new 200 amp electric service to building), kitchens, bathrooms, and appliances. All NEW pvc sewer line under the building, drain tile system throughout garden, water heaters (3), boilers (2nd and 1st floor), HVAC (garden), side secure metal gate, and rear balcony steel stairs. Garden unit (nearly finished and expected to be done in next couple weeks) has been completely remodeled to the studs with full plans and permits. Seller to close out all paperwork on permits prior to closing. Amazing opportunity for live in owner or investor with strong current rents and long term appreciation in this location. The University of Chicago ranked #12 Nationally in the United States last year and is home to roughly 18,500 students (undergrad and graduate).
  1. Listed by Edward Liss • Triton Realty Group LLC
  2. Listed by James Thompson • Triton Realty Group LLC

Property Details for 5428 South Drexel Avenue

Area
CHI - Hyde Park
Township
Hyde Park
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air, Hot Water/Steam

Location

Listing Courtesy of Triton Realty Group LLC
Add your commute
LISTING UPDATED: 05/22/2024 03:20 PM

Property Details for 5428 South Drexel Avenue

StatusActive
MLS #12054666
Days on Market25
Taxes$9,873 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1913
Lot Size0.07 AC / 3,120 SF
CountyCook County

Location

Listing Courtesy of Triton Realty Group LLC
Add your commute

Building Information for 5428 South Drexel Avenue

Stories-Residences3Year Built1913Building Size-Lot Size0.07 AC / 3,120 SF

Payment Calculator

$6,144 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,321

Property Taxes

$823

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5428 South Drexel Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 15
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 7
  • Basement Description: Finished
  • # Full Baths in Building: 5
  • # Half Baths in Building: 0
  • Num of Baths: 5.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2024
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Description: Fenced Yard
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 130X24
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Flat
  • Foundation Details: Concrete Perimeter
  • General Information: Commuter Bus
  • North Coordinate: 0
  • South Coordinate: 5400
  • East Coordinate: 900
  • West Coordinate: 0
  • Lot Size Source: Survey
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 31
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Electric Expense: $240.00
  • Fuel Expense: $.00
  • Gross Income: $84,696.00
  • Insurance Expense: $2,445.00
  • Maintenance Expense: $750.00
  • Manager Expense: $.00
  • Electric Expense Source: Broker Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Actual
  • Manager Expense Source: BP
  • Other Addl Income: Garage/s,Parking Space/s
  • Other Expense Source: Broker Projection
  • Repairs-Decor Expense Source: Broker Projection
  • Trash Expense Source: Combination
  • Trash Expense Year: 2023
  • Water Expense Source: Actual
  • Net Operating Income: $65,391.00
  • Professional Management Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,706.00
  • Other Expenses $: 750
Unit 1
  • Unit Type Actual Rent: $3,075.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 5/25
Unit 2
  • Unit Type Actual Rent: $2,083.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 10/24
Unit 3
  • Unit Type Actual Rent: $1,900.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Lease Expiration Date: VAC

Property History for 5428 South Drexel Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5428 South Drexel Avenue

Taxable ValueLand$15,600Additions$32,400Total$48,000
Tax Record2022$9,873 ($823 / month)
Home Facts
Baths2Total Finished SqFt2,484 SqFtAbove Grade Finished SqFt2,484 SqFtStories2Lot Size3,120 SqFtStyleMulti-Family Res (5+ Units)Year Built1918CountyCOOKAPN20-11-326-032

Schools near 5428 South Drexel Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 7 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Kozminski Elementary Community Academy
PublicPK to 8

Kenwood Academy High School
Public7 to 12

Walter Henri Dyett HS for Arts
Public9 to 12

Murray Elementary Language Academy
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5428 South Drexel Avenue is a multi-family home for sale in Chicago, IL 60615. This property was listed for sale on May 14, 2024 by Triton Realty Group LLC, it's currently listed at $975,000. It has been on the market for a total of 25 days and was last sold on December 5, 2022. This listing's school district is City Of Chicago School District 299. Nearby schools include Kozminski Elementary Community Academy, Kenwood Academy High School and Walter Henri Dyett HS for Arts. 5428 South Drexel Avenue is a 7-bed, 5-bath, 3,200 sqft multi-family home built in 1913.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Triton Realty Group LLC

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 05/22/2024 03:20 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.