5011 S Drexel Blvd

Chicago, IL 60615

$4,700,000
Price
38
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a multi story building
a car parked in front of a building
a view of a building
a front view of a residential apartment building with a yard
a kitchen with kitchen island a sink stainless steel appliances and cabinets
a bathroom with a sink toilet and shower
a bedroom with a bed and a window
a view of a chairs and table in kitchen

Description

Exclusively engaged to market for sale Drexel House [5017 S DrexelBlvd], 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...Exclusively engaged to market for sale Drexel House [5017 S DrexelBlvd], 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 desirableHyde Park neighborhood, including The University of Chicago, The Northwestern MedicalCenter, 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.
  1. Listed by Ryan Blake • Nara Advisors, Inc
    P: (773)-458-5428 C: (773)-458-5428 rb@naraadvisors.com

Property Details for 5011 South Drexel Boulevard

Area
CHI - Kenwood
LISTING UPDATED: 11/18/2025 12:07 AM

Property Details for 5011 South Drexel Boulevard

StatusActive
MLS #12516194
Days on Market34
Taxes$22,619 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1913
Lot Size0.23 AC / 9,950 SF
CountyCook County

Location

Listing Courtesy of Nara Advisors, Inc
Add your commute

Building Information for 5011 South Drexel Boulevard

Stories3Residences8Year Built1913Building Size-Lot Size0.23 AC / 9,950 SF

Payment Calculator

$25,109 per month

30 year fixed, 6.28% Interest

Principal and Interest

$23,224

Property Taxes

$1,885

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5011 South Drexel Boulevard

General Information
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Central Heat/Indiv Controls
  • Num of Baths: 24.0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: New Rehab
  • Multi-Family Type: Flats
  • Lot Dimensions: 50' x 199'
  • Stories: 3
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 8
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $1,200.00
  • Fuel Expense: $1,200.00
  • Gross Income: $470,000.00
  • Gross Scheduled Income: $470,000.00
  • Insurance Expense: $7,000.00
  • Maintenance Expense: $4,400.00
  • Electric Expense Source: Combination
  • Fuel Expense Source: Combination
  • Insurance Expense Source: Combination
  • Janitor Expense: 10440
  • Repairs-Decor Expense Source: Combination
  • Trash Expense Source: Combination
  • Total Monthly Income: 39000
  • Water Expense Source: Combination
  • Net Operating Income: $319,000.00
  • Operating Expense: $151,000.00
  • Other Expense: $.00
  • Trash Expense: $1,800.00
  • Water Sewer Expense: $5,200.00
Unit 1
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 5
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 7
Unit 2
  • Unit Type Baths Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 5011 South Drexel Boulevard

DateEvent & SourcePriceAppreciation
Nov 12, 2025

Listed (Active)

MRED #12516194

$4,700,000—
DateEvent & SourcePrice
11/12/2025

Listed (Active)

MRED #12516194

$4,700,000

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

Public Records for 5011 South Drexel Boulevard

Taxable ValueLand$15,000Additions$91,823Total$106,823
Tax Record2023$22,619 ($1,885 / month)
Home Facts
Stories3Lot Size10,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1913CountyCOOKAPN20-11-114-002

Schools near 5011 South Drexel Boulevard

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Reavis Elementary Math & Sci Spec School
Public - PK to 8
Kenwood Academy High School
Public - 7 to 12
Walter Henri Dyett HS for Arts
Public - 9 to 12
Ariel Elementary Community Academy
Public - PK to 8
Rating
School
Distance
Reavis Elementary Math & Sci Spec School
PublicPK to 8

Kenwood Academy High School
Public7 to 12

Walter Henri Dyett HS for Arts
Public9 to 12

Ariel Elementary Community Academy
PublicPK 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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More information about 5011 South Drexel Boulevard, Chicago, IL 60615

5011 South Drexel Boulevard is a multi-family home for sale in Chicago, IL 60615. This property was listed for sale on November 12, 2025 by Nara Advisors, Inc, it's currently listed at $4,700,000. This listing's school district is Chicago Public Schools. Nearby schools include Reavis Elementary Math & Sci Spec School, Kenwood Academy High School and Walter Henri Dyett HS for Arts. 5011 South Drexel Boulevard is a 38-bed, 24-bath, 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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nara Advisors, Inc

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. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/18/2025 12:07 AM. 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.