4043 S Drexel Blvd Chicago, IL 60653
Oakland NeighborhoodEstimated payment $11,399/month
About This Home
Exceptional 2006-built 8-units located in the heart of the rapidly appreciating Bronzeville neighborhood. This well-maintained, elevator building features eight spacious units available with separate utilities, ensuring ease of management and lower operating costs. Investors will appreciate the 8 exterior parking spaces, plus a garage space, offering ample tenant parking-a rare find in the area. Positioned for long-term growth, the property is steps from public transit, major expressways, and minutes to the lakefront, making it highly desirable for tenants. Strong rental income and an 8 cap rate make this an ideal addition to any portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $30,057
Year Built
- Built in 2003
Lot Details
- Lot Dimensions are 178x69
- Additional Parcels
Parking
- 6 to 12 Parking Spaces
Interior Spaces
- 4-Story Property
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Community Details
Overview
- 8 Units
Building Details
- Insurance Expense $4,032
- Maintenance Expense $5,000
- Operating Expense $64,981
- Gross Income $180,000
- Net Operating Income $106,018
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/02/2025 11/02/25 | For Sale | $1,692,600 | 0.0% | -- |
| 10/28/2025 10/28/25 | Off Market | $1,692,600 | -- | -- |
| 07/15/2025 07/15/25 | Price Changed | $1,692,600 | +16.7% | -- |
| 05/13/2025 05/13/25 | For Sale | $1,450,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12362899
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