Apartment Building with Private
For Sale
$2,150,000
3967 S Drexel Boulevard, Chicago, IL 60653
Boutique multifamily property with full-floor residences, direct elevator access, landscaped grounds, and a nine-car garage.
Property SizeContact for details
Days on Market15
Property Features for 3967 S Drexel Boulevard
General Information
Standard status
Active
Total Parking Spaces
9
Elevators
Yes
Property subtype
MULTI_FAMILY
Net Operating Income
$141,525
Financials
Cap Rate
6.5%
Gross Income
$213,045
Additional Details
Road Access
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$18,024
Amenities
terrace
botanical garden
laundry center
Building Details
Year Built
1900
Construction
Gothic Greystone
Tenancy
Multi
Listing Agency:
North Clybourn Group, Inc.
Listed By:
Karen Biazar · License #471003309
(773) 645-7900
Source:
Harkinsandassociates
Added: Sep 8
Changed: Sep 18
Last Checked: Sep 21 at 6:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of North Clybourn Group, Inc.
Investment Insights
Based on property information with market context.
Built in 1900, this Gothic Greystone multifamily property contains five full-floor residences configured with three to four bedrooms and two to three bathrooms. Most apartments feature elevator access opening into a private foyer, along with expansive living areas, tall window bays, hardwood flooring, gourmet kitchens, spa-style bathrooms, full laundry centers, and oversized rear terraces. High-efficiency HVAC and LED lighting serve the residences, while the formal lobby includes inlaid stone floors, detailed woodwork, modern art, and a crystal-cut chandelier.
The property occupies 70 feet of frontage on Drexel Boulevard in Chicago, near Mandrake Park and within a five-minute walk of the lakefront. Landscaped grounds include irrigated botanical gardens with specimen trees and shrubs. Parking is provided by a nine-car garage, including two tandem spaces. The property is fully stabilized with longer-term tenants and carries a 6.5 CAP.
The property occupies 70 feet of frontage on Drexel Boulevard in Chicago, near Mandrake Park and within a five-minute walk of the lakefront. Landscaped grounds include irrigated botanical gardens with specimen trees and shrubs. Parking is provided by a nine-car garage, including two tandem spaces. The property is fully stabilized with longer-term tenants and carries a 6.5 CAP.
Key Highlights
- Five full‑floor residences with 3‑4 bedrooms and 2‑3 bathrooms
- Elevator opens directly into most apartments' private foyers
- Oversized rear terraces with sweeping downtown views
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Explore this area
Business Placement
Demographics for 60653, IL
33,146
Population
18,279
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
2.4 sq mi
ZIP Area
13,811
Density / Sq Mi
$39,565
Median Household Income
$49,335
Median Earnings
$856
Median Rent
$347,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Boutique multifamily property with full-floor residences, direct elevator access, landscaped grounds, and a nine-car garage.
Where is this apartment building located?
The property is located at 3967 S Drexel Boulevard Chicago, IL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Five full‑floor residences with 3‑4 bedrooms and 2‑3 bathrooms; Elevator opens directly into most apartments' private foyers; Oversized rear terraces with sweeping downtown views
