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4123 S Drexel Boulevard Chicago, IL 60653
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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11993102
Sold Date 05/31/24
Style Greystone
Bedrooms 7
Year Built 1908
Annual Tax Amount $4,326
Tax Year 2022
Lot Dimensions 5764
Property Description
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.
Location
State IL
County Cook
Community Park, Curbs, Sidewalks, Street Lights, Street Paved
Rooms
Basement Full, English
Interior
Heating Natural Gas, Electric, Forced Air, Steam, Radiator(s), Indv Controls
Fireplace N
Exterior
Exterior Feature Balcony, Porch
Garage Detached
Garage Spaces 2.0
Waterfront false
View Y/N true
Roof Type Asphalt,Rubber
Building
Lot Description Common Grounds, Partial Fencing, Sidewalks, Streetlights
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Tamika Marks • Trademarks & Associates