4123 S Drexel Boulevard
Chicago, IL 60653

Status: Sold
Multi Family
7 beds
0 baths
0 sq.ft
Listing Price: $499,000

About this home

In the heart of the storied Oakland community, nestled proudly overlooking the Boulevard, stands a majestic relic of the past, awaiting its renaissance. The ME Team brings you an exclusive insight into the magnificent Greystone at 4123 S Drexel Avenue, an architectural masterpiece waiting to be reborn. This three-unit Greystone, a testament to the grandeur of yesteryears, beckons investors, dreamers, and visionaries alike. With its stately gray stone facade casting an imposing silhouette against the skyline, this property is a timeless symbol of elegance and potential. What sets this property apart is not just its historical significance, but the myriad of opportunities it presents. In need of total rehabilitation, this blank canvas offers the chance to transform and revitalize, breathing new life into its 5260 square feet of living space. With four majestic fireplaces lending an air of opulence, and the possibility to duplex down, the potential for grandeur is limitless. Imagine the opportunity to offset your mortgage with the rental income from the other two units, or to craft a singular haven, a sprawling single-family mansion befitting of royalty. The choice is yours, limited only by the bounds of your imagination. Venturing below, discover an additional unit awaiting transformation in the lower level, offering even more potential for expansion or rental income. And with the property boasting both forced air and a boiler system, modern amenities can seamlessly meld with the historic charm, ensuring comfort and efficiency for generations to come. But perhaps the most compelling aspect of this property lies not just in its bricks and mortar, but in its enviable location. Oakland, a community steeped in history and culture, offers more than just a place to live - it offers the promise of generational wealth. In the equation of Location + Land, the sum is far greater than its parts, promising a legacy that transcends time.

Property details

Interior Features
Additional Rooms Enclosed Porch, Foyer, Utility Room-2nd Floor, Utility Room-Lower Level
Basement Description Partially Finished, Exterior Access, Bathroom Rough-In
Basement Bathrooms No
Basement Full ,English
Bedrooms Count 7
Bedrooms Possible 7
Baths Count 4
Full Baths in Building Count 4
Total Rooms 21
Units
unit 1
Beds Total 3
Baths Total 1
Appliances And Features None
Full Baths Total 1
Rooms Total 7
Tenant Pays Electric,Gas
Floor Number 1
Square Feet 1547
unit 2
Beds Total 2
Baths Total 1
Appliances And Features None
Full Baths Total 1
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 1528
unit 3
Beds Total 1
Baths Total 1
Appliances And Features None
Full Baths Total 1
Rooms Total 3
Tenant Pays Electric, Gas, Heat
Floor Number 3
Square Feet 644
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1908
Parking Total 2
Exterior Building Type Stone
Exterior Property Features Balcony ,Porch
Foundation Concrete Perimeter
Garage Details None/NA
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Roof Type Asphalt ,Rubber
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Park, Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Oakland
Corporate Limits Chicago
Directions 47th East or West to Drexel Boulevard, North to address.
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Electric, Forced Air, Steam, Radiator(s), Indv Controls
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township Hyde Park
Property / Lot Details
Deconversion N
Lot Dimensions 5764
Lot Description Common Grounds, Partial Fencing, Sidewalks, Streetlights
Lot Size Source County Records
Lot Size .25-.49 Acre
Model 3 UNIT MULTI-FAMILY
Ownership Fee Simple
Style of House Greystone
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing PMM
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20021130080000
Special Assessments N
Taxes $4,326
Tax Exemptions Senior
Tax Year 2022
$499,000 Listing Price:
MLS # 11993102
Investment Profile Residential Income
Listing Market Time 92 days
Basement Full ,English
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 02/29/2024
Year Built 1908
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