NOT LISTED FOR SALE

5038 S Drexel Blvd Unit 3S Chicago, IL 60615

Kenwood Neighborhood

Estimated Value: $317,000 - $444,000

4 Beds
3 Baths
2,600 Sq Ft
$805/mo HOA Fee

Last Sold May 12, 2025

Last sale price $430,000 $165 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $3,062/month

11 Days on Market

Highlights

  • Fireplace in Grand Entry Hall
  • Wood Flooring
  • Enclosed Patio or Porch
  • Kenwood Academy High School Rated A-
  • Balcony
  • 2-minute walk to Houston Neighborhood Park

About This Home

As of May 2025

Welcome to the epitome of luxury and comfort at 5038 S Drexel Blvd, Unit 3S, a stunning penthouse condo nestled in the heart of Chicago's prestigious Kenwood neighborhood. This exquisite 4-bedroom, 3-bathroom residence has been fully renovated in 2020, offering a harmonious blend of classic elegance and modern amenities across a generous 2600 square feet of living space. As you step into this opulent home, you are greeted by a warm and inviting atmosphere, accentuated by two charming fireplaces that set the stage for cozy evenings and intimate gatherings. The crown molding throughout adds a touch of sophistication, while the abundant natural light cascades through the windows, creating an airy and serene ambiance. At the front of this east facing home is a private covered balcony where you can enjoy morning coffee as you watch the sunrise. The heart of the home, the kitchen, is a chef's dream with top-of-the-line appliances, sleek countertops, and ample cabinetry, perfect for crafting culinary delights. The open floor plan ensures that whether you're preparing a feast or enjoying a quiet cup of tea, you're never far from the conversation and comfort of your guests. Retreat to the master suite, a sanctuary of peace and relaxation. The additional bedrooms offer plush accommodations for family and guests, ensuring everyone has a personal haven to call their own. Including, a private dry sauna where you can unwind and rejuvenate after a long day. Step outside and find yourself within walking distance to the lush landscapes of Washington Park, where nature's beauty offers a tranquil escape from the urban bustle. With close proximity to public transportation, your new home is a gateway to all the cultural, dining, and entertainment experiences that Chicago has to offer. This penthouse condo is not just a residence; it's a lifestyle choice for those who seek the perfect balance of city living and personal oasis. Don't miss the opportunity to make 5038 S Drexel Blvd, Unit 3S your new address, where luxury living awaits.

Last Agent to Sell the Property

Catherine Simon Vobornik

Baird & Warner License #475140243 Listed on: 02/27/2025

Baird & Warner

Last Buyer's Agent

Meta Rose Torchia

@properties Christie's International Real Estate License #475119861

@properties Christie's International Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,686

Year Built

  • Built in 1907 | Remodeled in 2020

Lot Details

  • Fenced

HOA Fees

  • $805 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,600 Sq Ft Home
  • 3-Story Property
  • Fireplace in Grand Entry Hall
  • Window Screens
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Storage
  • Laundry Room
  • Basement Fills Entire Space Under The House
  • Intercom

Flooring

  • Wood
  • Parquet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Utilities

  • Radiant Heating System
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 6 Units
  • 5038 Drexel Condominium Association, Phone Number (312) 555-5555

Amenities

  • Common Area
  • Community Storage Space

Pet Policy

  • Pets up to 75 lbs
  • Dogs and Cats Allowed

Security

  • Fenced around community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,686

Year Built

Built in 1907 | Remodeled in 2020

Lot Details

0

HOA Fees

$805 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 3
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1907
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • Actual Status: Closed
  • ResoPropertyType: Residential
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2020

Interior Features

  • Basement: Unfinished, Full
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 2
  • Flooring: Hardwood
  • Interior Amenities: Storage, High Ceilings
  • LivingArea: 2600
  • Room Type: Balcony/Porch/Lanai, Foyer, Enclosed Porch
  • Stories Total: 3
  • Window Features: Screens
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Fireplace Location: Living Room,Grand Entry Hall
  • Total Sq Ft: 0
  • Flooring: Hardwood
  • ResoLivingAreaSource: Other

Exterior Features

  • Construction Materials: Brick
  • ExteriorFeatures: Balcony
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
  • Lot Features: Common Grounds
  • Waterfront: No

Utilities

  • Sewer: Public Sewer, Storm Sewer
  • Cooling: Wall Unit(s)
  • Electric: Circuit Breakers
  • Heating: Radiant
  • Laundry Features: Washer Hookup, In Unit
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK
  • Association Fee: 805
  • Association Amenities: Storage, Fencing, Intercom
  • Association Fee Frequency: Monthly
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Self Managed
  • Management Contact Name: 5038 Drexel Condominium
  • Management Phone: 312-555-5555
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: CONDO
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 16
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 75

Tax Info

  • Tax Annual Amount: 2685.71
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2025
Closed on
May 5, 2025
Sold by
Abel Eric Dawson and Young Laura Katherine
Bought by
Braun Emily M and Gawronski Christopher P
Seller's Agent
Catherine Simon Vobornik
Baird & Warner
Buyer's Agent
Meta Rose Torchia
@properties Christie's International Real Estate
List Price
$429,000
Sold Price
$430,000
Premium/Discount to List
$1,000
0.23%
Views
52
Current Estimated Value
$378,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,873
Avg. Annual Appreciation
-18.20%
Original Mortgage
$322,500
Outstanding Balance
$320,426
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$57,701

Purchase Details

Listed on
Jul 21, 2020
Closed on
May 3, 2021
Sold by
Luo Mingbi
Bought by
Abel Eric Dawson and Young Laura Katherine
Seller's Agent
Julian Mendez
Real 1 Realty
Buyer's Agent
Vivian Dimas
Baird & Warner
List Price
$374,900
Sold Price
$335,000
Premium/Discount to List
-$39,900
-10.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.41%
Original Mortgage
$268,000
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 9, 2018
Closed on
Jul 24, 2019
Sold by
Fannie Mae
Bought by
Luo Mingbi
Seller's Agent
Gerard Lewis
Better Homes For America, LLC
Buyer's Agent
Nicholas Rendleman
Real Broker LLC
List Price
$159,900
Sold Price
$136,500
Premium/Discount to List
-$23,400
-14.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.07%

Purchase Details

Closed on
Jul 3, 2018
Sold by
Scott Karola J P and Scott Karola
Bought by
Federal National Mortgage Association and Fannie Mae

Purchase Details

Closed on
Jan 31, 2010
Sold by
Scott Karola Jp
Bought by
Chicago Title Land Trust Company and Trust #800 235 4405

Purchase Details

Closed on
Aug 7, 2007
Sold by
Yao Saunders G and Scott Karola J P
Bought by
Scott Karola J P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2007
Sold by
Scott Karola J P
Bought by
Scott Karola J P and Yao Saunders G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2004
Sold by
Marquette Bank
Bought by
Scott Karola J P

Purchase Details

Closed on
Jul 21, 2000
Sold by
Yao Djaris
Bought by
Marquette National Bank and Trust #15404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
7.95%

Purchase Details

Closed on
Jun 22, 2000
Sold by
Scott Yao Karola and Yao Djaris A G
Bought by
Yao Djaris A G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
7.95%

Purchase Details

Closed on
Dec 19, 1996
Sold by
Scott Karola
Bought by
The Chicago Trust Company and Trust #1103135

Purchase Details

Closed on
Aug 12, 1996
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Scott Karola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.83%

Purchase Details

Closed on
Jan 18, 1995
Sold by
American National Bk & Tr Co Of Chicago
Bought by
Scott Karola
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Braun Emily M $430,000 None Listed On Document
Abel Eric Dawson $335,000 Ata National Title Group Llc
Luo Mingbi $138,500 First American Title
Federal National Mortgage Association -- None Available
Chicago Title Land Trust Company -- Chicago Title Land Trust Co
Scott Karola J P -- Chicago Title Insurance Co
Scott Karola J P -- Richmond Title Services
Scott Karola J P -- --
Marquette National Bank -- --
Yao Djaris A G -- Brokers Title Insurance Co
The Chicago Trust Company -- --
Scott Karola -- --
Scott Karola -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Braun Emily M $322,500
Previous Owner Abel Eric Dawson $268,000
Previous Owner Scott Karola J P $415,000
Previous Owner Yao Djaris A G $172,500
Previous Owner Scott Karola $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2025 05/12/25 Sold $430,000 +0.2% $165 / Sq Ft
03/10/2025 03/10/25 Pending -- -- --
02/27/2025 02/27/25 For Sale $429,000 +28.1% $165 / Sq Ft
05/05/2021 05/05/21 Sold $335,000 -8.2% $146 / Sq Ft View Prior Sale
04/05/2021 04/05/21 Pending -- -- --
03/24/2021 03/24/21 Price Changed $364,900 -2.7% $159 / Sq Ft
02/15/2021 02/15/21 For Sale $374,900 0.0% $163 / Sq Ft
01/31/2021 01/31/21 Pending -- -- --
01/20/2021 01/20/21 Price Changed $374,900 -6.3% $163 / Sq Ft
09/26/2020 09/26/20 Price Changed $399,900 -3.6% $174 / Sq Ft
09/02/2020 09/02/20 Price Changed $414,900 -7.8% $180 / Sq Ft
07/21/2020 07/21/20 For Sale $449,900 +229.6% $196 / Sq Ft
07/29/2019 07/29/19 Sold $136,500 -12.4% $59 / Sq Ft View Prior Sale
06/25/2019 06/25/19 Pending -- -- --
05/16/2019 05/16/19 Price Changed $155,900 -2.5% $68 / Sq Ft
05/07/2019 05/07/19 For Sale $159,900 0.0% $70 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
04/04/2019 04/04/19 Price Changed $159,900 -2.4% $70 / Sq Ft
03/31/2019 03/31/19 For Sale $163,900 0.0% $71 / Sq Ft
03/01/2019 03/01/19 Pending -- -- --
02/11/2019 02/11/19 Price Changed $163,900 -3.5% $71 / Sq Ft
02/09/2019 02/09/19 For Sale $169,900 +24.5% $74 / Sq Ft
02/07/2019 02/07/19 Off Market $136,500 -- --
12/08/2018 12/08/18 Price Changed $169,900 -5.6% $74 / Sq Ft
11/10/2018 11/10/18 Price Changed $179,900 -6.7% $78 / Sq Ft
10/11/2018 10/11/18 Price Changed $192,900 -3.0% $84 / Sq Ft
09/11/2018 09/11/18 Price Changed $198,900 -4.7% $86 / Sq Ft
08/09/2018 08/09/18 For Sale $208,650 -- $91 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,388 $33,500 $5,712 $27,788
2024 $3,291 $33,500 $5,712 $27,788
2023 $3,291 $16,000 $5,712 $10,288
2022 $3,291 $16,000 $5,712 $10,288
2021 $3,217 $15,999 $5,712 $10,287
2020 $3,410 $15,307 $2,774 $12,533
2019 $2,702 $16,878 $2,774 $14,104
2018 $2,655 $16,878 $2,774 $14,104
2017 $1,929 $12,334 $2,284 $10,050
2016 $1,970 $12,334 $2,284 $10,050
2015 $1,779 $12,334 $2,284 $10,050
2014 $250 $3,916 $1,958 $1,958
2013 $234 $3,916 $1,958 $1,958
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12291427

Midwest Real Estate Data (MRED)

APN: 20-11-113-029-1009