4537 S Drexel Boulevard #203, Chicago IL 60653
$185,000

4537 S Drexel Boulevard #203, Chicago IL 60653

$185,000
Active
North Kenwood Attached Single

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Property Description

Investor Special!!! Turnkey income-producing opportunity in the highly sought-after historic Drexel Boulevard corridor. This spacious 1-bedroom, 1-bath condominium offers wood-finish flooring throughout, a cozy fireplace, a large bathroom with dual vanities, and an efficient layout that appeals to long-term tenants. The well-maintained building features secure fob entry, an assigned exterior parking space, and low HOA dues. The unit is currently leased to an excellent long-term tenant paying $1,750 per month through March 1, 2027, providing immediate, stable cash flow from day one with no vacancy concerns. Seller is also offering a $2,500 appliance credit, allowing the new owner or future occupant to update the appliances to their personal preference while adding value to the property. A professionally managed, investor-friendly building that allows rentals, making this a rare opportunity to acquire a turnkey asset with immediate income and future upside.

Features & Information

Key Details
  • List Price $185,000
  • Property Taxes $3,135
  • Assessments/HOA $448
  • Assessments/HOA frequency Monthly
  • Assessments/HOA Fee Includes Heat, Water, Gas, Parking, Insurance, Security, Exterior Maintenance, Scavenger, Snow Removal, Internet
  • Square Feet 0
  • Year Built 2004
  • Listing Market Time 30
  • Status Active

Rooms
  • Total Rooms 4
  • Number of Bedrooms 1
  • Number of Bathrooms 1

  • Primary Bedroom
  • Room Size 13X11
  • Floor Level Main
  • Primary Bathroom Full

  • Living Room
  • Room Size 18X13
  • Floor Level Main

  • Dining Room
  • Room Size COMBO
  • Floor Level Main

  • Kitchen
  • Room Size 9X9
  • Floor Level Main

Additional Rooms

  • Laundry
  • Room Size 5X7
  • Floor Level Main

Interior Features

  • Heating & Cooling
  • Heating Type Natural Gas
  • Air Conditioning Central Air

  • Fireplace
  • # of Fireplaces 1
  • Type of Fireplace Living Room

Exterior Features

  • Parking
  • # of Cars 1

Building Information
  • Number of Units 59
  • Age of Building 21-25 Years
  • Exposure West

  • Pets
  • Pets Allowed? Cats OK, Dogs OK

Location
  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property 46th Left On To Drexel Blvd.

  • Schools
  • Elementary School District 299
  • Junior High District 299
  • High School District 299

  • Property Taxes
  • Tax 3135
  • Tax Year 2024
  • Parcel Identification Number 20023120541004

Listed by Chavez Carter for LPT Realty LLC | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/14/2026 11:02 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 North Kenwood

This classy south side Chicago neighborhood is rapidly reviving itself to its former glory. Once coined the “Lake Forest of the South Side,” Kenwood is flanked with landmark buildings and breathtaking homes designed by influential architects such as Frank Lloyd Wright. Kenwood is associated with another name that has gained worldwide recognition in recent years, Barack Obama. He and his family live in the upscale section of the neighborhood where million-dollar properties are the norm. Other areas of Kenwood offer more affordable real estate in the way of condominiums and three-bedroom single-family houses. Along with a growing commercial district, Kenwood has established itself as a center for the arts. A couple design and art galleries are located in the community, supplying residents and other Chicagoans with venues to exhibit their creative talents and educational opportunities to fine tune those artistic skills.

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