5428 South Drexel, Chicago IL 60615
$975,000

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Property 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 (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).

Features & Information

Key Details

  • List Price $975,000
  • Property Taxes $9,873
  • Price/ Sq. Ft. Unavailable
  • Year Built 1913
  • Parking Type Garage
  • Buyer's Agent Commission 2.25%
  • Status Active

Rooms

  • Total Rooms 15
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2
  • # of Garage Spaces:  Garage Door Opener(s)

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Foundation Concrete
  • Heating & Cooling Gas, Forced Air, Hot Water/Steam
  • Units

  • Unit 1 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Window Air Conditioner, Hardwood Floors
  • Unit 2 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Window Air Conditioner, Hardwood Floors
  • Unit 3 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property From Cottage Grove, Head East On 54th Street. Then South On Drexel. Easier To Access From The North.
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 9873
  • Tax Year 2022
  • Tax Exemptions None
  • Parcel Identification Number 20113260320000

Utilities

  • Sewer Sewer-Publ

Listed by Edward Liss for Triton Realty Group LLC | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 6/16/2024 6:02 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.

Explore Hyde Park

Hyde Park is home of the prestigious University of Chicago and the Museum of Science and Industry. This once prosperous hotel and lakeside resort area on Chicago's south side is quickly returning to its former glory with new residential development and scenic waterfront landscapes. The breathtaking sliver of shoreline along Lake Michigan is usually speckled with walkers, joggers, bikers and stroller-pushers, while the museum grounds teem with visitors from around the world. The rest of Hyde Park accommodates residents and students with a diverse mix of restaurants, bookshops, historic landmarks and several seasonal events, bike tours and neighborhood street festivals. Throughout Hyde Park are stunning vintage buildings and treasured architectural gems, some designed by famous architects such as Frank Lloyd Wright and Mies van der Rohe.

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