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Five-Unit Apartment Building with Elevator
For Sale
$2,150,000

3967 S Drexel Boulevard, Chicago, IL 60653

Commercial Sale, Chicago, IL

Property SizeContact for details
Lot Size0.20 Acres
Days on Market10

Property Features for 3967 S Drexel Boulevard

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 16
Bathrooms 11
Full bathrooms 11
Rooms Bedroom 13, Bedroom 3, Bathroom 9, Bathroom 4, Bedroom 12, Bedroom 7, Bedroom 15, Bathroom 11, Bathroom 7, Basement, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 14, Bathroom 10, Bathroom 1, Bathroom 6, Bedroom 8, Bedroom 10, Bedroom 4, Bedroom 11, Bedroom 2, Bathroom 8, Bedroom 16, Bathroom 3, Bedroom 1, Bedroom 9, Bathroom 5
Fireplace 1
Basement Finished
Directions Oakwood to Drexel N to Property on E side of the Blvd
Subdivision CHI - Oakland
Standard status Active
APN 20021020580000
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 18024

Utilities

Utilities Water Available
Cooling system Central Air

Amenities

grand lobby
botanical gardens
terraces
laundry center

Building Details

Year built 1900
Floors in Building 5
Number of units 5
Building materials Brick, Stone, Limestone
Listing Agency: North Clybourn Group, Inc.
Listed By: Karen Biazar · License #471003309
Added: Sep 8 Changed: Sep 14 Last Checked: Sep 17 at 1:06AM
MLS# 12673900

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1900 apartment building at 3967 S Drexel Boulevard contains five full-floor residences, each configured with three to four bedrooms and two to three bathrooms. Most apartments have elevator access that opens into a private foyer, along with expansive terraces, hardwood flooring, high ceilings, large window bays, fireplaces, full-size laundry areas, and central air. The building is constructed with brick, stone, and limestone and includes a nine-car garage, with two tandem spaces.

The property occupies 0.2009 acres with 70 feet of frontage and includes irrigated botanical gardens featuring specimen trees and shrubs. It is positioned near Mandrake Park, the lakefront, and Drexel Boulevard. MULTI zoning and water availability are documented for the property.

Key Highlights

  • Five full‑floor apartment residences with 3‑4 bedrooms and 2‑3 bathrooms each
  • Elevator access opens directly into private foyers in most apartments
  • Nine‑car garage, including 2 tandem spaces

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Building Supply Auto Repair Shop Carpet & Flooring Store Furniture & Home Goods Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

711
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Full-floor residences include private elevator foyers, large terraces, and access to 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 apartment residences with 3‑4 bedrooms and 2‑3 bathrooms each; Elevator access opens directly into private foyers in most apartments; Nine‑car garage, including 2 tandem spaces
More about this property
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