Chicago, IL 60653,4123 S Drexel Boulevard
Chicago, IL 60653,4123 S Drexel Boulevard
Chicago, IL 60653,4123 S Drexel Boulevard
28
$550,000
$499,000
10.2%
Est.Price: ?

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7 BD

4123 S Drexel Boulevard Chicago, IL 60653

Est. payment /mo
SOLD DATE : 05/31/2024

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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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Listed by Sybil Martin • Coldwell Banker Realty
Bought with Tamika Marks • Trademarks & Associates

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Sharie Jackson

Realtor | License ID: 475.180534

+1(708) 231-8901

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