5428 S Drexel AVE, Chicago, IL 60615 – 12054666 - Michael Bempah

REQUEST A TOUR

In-PersonVirtual Tour

Michael Bempah

The Bempah Group

mike@thebempahgroup.com +1(630) 206-9116

$ 895,000

Est. payment | -/mo

7 Beds

Save

$ 895,000

Est. payment | -/mo

Save

7 Beds

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12054666

Bedrooms 7

Maintenance Fees $750

Year Built 1913

Annual Tax Amount $9,873

Tax Year 2022

Lot Dimensions 130X24

Property Description

$50K price reduction from $945K to $895K! 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. $85K of rental income in-place ($7108/mo); with parking (vacant) would be ~$89K. So nearly 10x GRM deal in attractive Hyde Park! 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).

Location

State IL

County Cook

Area Chi - Hyde Park

Rooms

Basement Full

Interior

Heating Natural Gas, Forced Air, Steam

Fireplace N

Exterior

Garage Detached

Garage Spaces 2.0

Waterfront false

Roof Type Flat

Building

Lot Description Fenced Yard

Dwelling Type Two to Four Units

Sewer Public Sewer

Water Public

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Listed by Edward Liss • Triton Realty Group LLC

GET MORE INFORMATION

Michael Bempah

Broker | License ID: 475.175881

mike@thebempahgroup.com

+1(630) 206-9116

50 S Main St, Naperville, IL, 60540, USA