Active · For Sale · Multi Family 5+

3967 S Drexel Boulevard, Chicago, IL 60653

MLS #12801777

3967 S Drexel Boulevard, Chicago, IL 60653
3967 S Drexel Boulevard, Chicago, IL 60653CRER
3967 S Drexel Boulevard, Chicago, IL 60653

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3967 S Drexel Boulevard, Chicago, IL 60653

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The property

Executive summary

Once in a Generation, The Crown Jewel of Oakland set on a botanical campus spanning 70 feet of frontage. If you seek the best, if you have exquisite taste, if you want a one of a kind with an elevator that opens directly into most apartments with grand terraces, you have arrived. Located in an exclusive community alongside million dollar homes & within 1/4 block of Mandrake Park, 5 minute walk to the lakefront at the very north end of Drexel Blvd, with its idyllic fountain & cul-de-sac is a magical whimsical storybook setting offering 5 Massive full-floor units ultra-luxurious 3-4 Bed/2-3 Bath residences set in a made for TV boutique, elegant, Gothic Greystone. Be inspired by the grand, formal lobby with inlaid stone floors, intricate woodwork, stunning modern art, a crystal cut chandelier & super "mod" LED wall sconces. The elevator opens directly into most residences' private foyer, which leads to a massive great room, with soaring ceilings & 7' tall window bays that capture phenomenal sun soaked south & west vistas up & down lush & forested Drexel…

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Property Intelligence

Financial Snapshot

Reported Annual Income
$213,732
Reported Annual Expenses
$61,519
Estimated NOI
$152,213
Estimated Cap Rate
7.08%
Estimated GRM
10.06
Annual Taxes
$18,024 (2024)

Property Details

Units
5
Lot Size
8,750 SF
Lot Dimensions
70 x 125
Stories
5
Year Built
1900
Building Age
New Rehab
Construction
Brick, Stone, Limestone
Roof
Other
Zoning
MULTI
Parcel Number
20021020580000

Operations & Utilities

Heating
Forced Air, Gas
Cooling
Central Air
Tenant Pays
Air Conditioning, Electricity, Heat, Other, Hot Water
Electric
Circuit Breakers
Utilities
Water Available
Possession
Closing, Tenant's Rights
Documents Available
Rent Roll, Leases, Floor Plan, Existing Survey, Operating Statement

Location & Use

County
Cook
Market Area
Chicago - Oakland
Township
Hyde Park
Present Use
Multi-Family
Potential Use
Condominium
Location
Cul De Sac, Park Adjacent
Frontage
City Street

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.