Back

1 of 24

2 of 24

3 of 24

4 of 24

5 of 24

6 of 24

7 of 24

8 of 24

9 of 24

10 of 24

11 of 24

12 of 24

13 of 24

14 of 24

15 of 24

16 of 24

17 of 24

18 of 24

19 of 24

20 of 24

21 of 24

22 of 24

23 of 24

24 of 24

4742-4748 S Drexel Blvd
Chicago, IL 60615 Bronzeville

$5,150,000 USD

Apartments For Sale • 23,400 SF

Property Details

Property Type Apartments
Total Building Size 32,000 SF
Lot Size 0.37 AC
Building Class C
Year Built 1925
Cap Rate 6.96 %
Zoning R-4, Chicago

70 Transit Score

80 Walk Score

                
                    Highlights
                
                                Premier Kenwood Location
                            
                                Materially Below Market Rents
                            
                                Stabilized Cap Rate & GRM Present Clear Path to Upside: 8.49% / 7.36
                            
                                Same Ownership for 26 Years – Well-Maintained & Many Capital Improvements 
                            
                                Reduced Class-9 Taxes
                            
                                Long-Term Tenant Base

Property Flyers

Drexel Blvd 4742-4748s – Essex Offering Memorandum

Cap Rate:

6.96 %

Amenities

Controlled Access
Laundry Facilities
Heating
Kitchen
Refrigerator
Range
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
47Th St. (Kenwood) (Metra Electric - Metra)	2 min	15 min	0.8 mi
51St/53Rd St. (Hyde Park) (Metra Electric - Metra)	3 min	-	1.5 mi
Transit/Subway	Drive	Walk	Distance
47Th Street Station (Green Line) (Green Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	16 min	0.9 mi
51St Street Station (Green Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	20 min	1.1 mi
Airport	Drive	Walk	Distance
Chicago Midway International	16 min	-	8.4 mi
Chicago O'Hare International	37 min	-	23.7 mi

Abe Eilian 847-910-6805 Essex Realty Group, LLC

4742-4748 S Drexel Blvd Chicago, IL 60615 Bronzeville