Just Listed - 62 Units in North Kenwood
For Sale :: North Kenwood Add-Value
4625 S Drexel Boulevard, Chicago, IL 60653.
- Asking Price: $4,700,000
- $75,800/unit
- 62 Units
- Current 6% Cap Rate
- Management play- Value Add + unit number increase
LOCATION OVERVIEW
4625 South Drexel Boulevard is located five miles from Chicago’s Business District, the Loop. Additionally, the University of Chicago is less than two miles away with a bus stop at 0.2 miles. Also, the Metra Stop (Kenwood) and the Green “L” train makes this neighborhood easy to navigate. The proximity to Hyde Park’s University of Chicago and to downtown makes this a very attractive rental area for prospective tenants. Along with proximity, North Kenwood retains a tree-lined boulevard and grand single-family homes. Many of these beautiful 1920s homes and apartment buildings are what give this neighborhood is characteristic charm.
Brian Mond, Director
312.662.9590
Essex Realty Group, Inc.