4123 S Drexel Boulevard, Chicago IL 60653
$499,000

Request Private Showing

Property Description

In the heart of the storied Oakland community, nestled proudly overlooking the Boulevard, stands a majestic relic of the past, awaiting its renaissance. The ME Team brings you an exclusive insight into the magnificent Greystone at 4123 S Drexel Avenue, an architectural masterpiece waiting to be reborn. This three-unit Greystone, a testament to the grandeur of yesteryears, beckons investors, dreamers, and visionaries alike. With its stately gray stone facade casting an imposing silhouette against the skyline, this property is a timeless symbol of elegance and potential. What sets this property apart is not just its historical significance, but the myriad of opportunities it presents. In need of total rehabilitation, this blank canvas offers the chance to transform and revitalize, breathing new life into its 5260 square feet of living space. With four majestic fireplaces lending an air of opulence, and the possibility to duplex down, the potential for grandeur is limitless. Imagine the opportunity to offset your mortgage with the rental income from the other two units, or to craft a singular haven, a sprawling single-family mansion befitting of royalty. The choice is yours, limited only by the bounds of your imagination. Venturing below, discover an additional unit awaiting transformation in the lower level, offering even more potential for expansion or rental income. And with the property boasting both forced air and a boiler system, modern amenities can seamlessly meld with the historic charm, ensuring comfort and efficiency for generations to come. But perhaps the most compelling aspect of this property lies not just in its bricks and mortar, but in its enviable location. Oakland, a community steeped in history and culture, offers more than just a place to live - it offers the promise of generational wealth. In the equation of Location + Land, the sum is far greater than its parts, promising a legacy that transcends time.

Listed by Sybil Martin for Coldwell Banker Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of . 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.

Features & Information

Key Details

  • List Price $499,000
  • Property Taxes $4,326.27
  • Price/ Sq. Ft. Unavailable
  • Year Built 1908
  • Parking Type Garage
  • Buyer's Agent Commission 2.5%
  • Status Contingent

Rooms

  • Total Rooms 21
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2
  • # of Garage Spaces:  None/NA

Building Information

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

  • Unit 1 None
  • Unit 2 None
  • Unit 3 None

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property 47th East Or West To Drexel Boulevard, North To Address.
  • Schools

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

  • Tax 4326.27
  • Tax Year 2022
  • Tax Exemptions Senior
  • Parcel Identification Number 20021130080000

Utilities

  • Sewer Sewer-Publ

Explore Oakland

Once an elegant, Victorian-style suburb on Chicago's south side, Oakland neighborhood is making a strong comeback to reclaim its status as a prominent and flourishing community. Today, many of Oakland's quiet residential streets are sprouting manicured lawns with newly built single-family homes and multi-unit constructions. Full-on neighborhood revitalization is spearheaded by enthusiastic local organizations and community centers that have set up educational and recreational programs for Oakland residents of all ages and interests. Sports teams, exercise classes, head start pre-school curriculums, financial workshops, computer courses and networking events are all available to the public.

Mortgage Calculator

  • List Price${ formatCurrency(listPrice) }
  • Taxes${ formatCurrency(propertyTaxes) }
  • Assessments${ formatCurrency(assessments) }
  • List Price
  • Taxes
  • Assessments
${ formatCurrency(price) }
${ interestRate }%
${ downPaymentPercent }%

Estimated Monthly Payment

${ formatCurrency(monthlyTotal) } / month

  • Principal & Interest${ formatCurrency(monthlyPrincipal) }
  • Taxes${ formatCurrency(monthlyTaxes) }
  • Assessments${ formatCurrency(monthlyAssessments) }
Ask a Question 4123 S Drexel Boulevard, Chicago IL 60653

This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply.

Request a tour 4123 S Drexel Boulevard, Chicago IL 60653

This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply.

Share this Listing