Two-Bedroom Residential Income
For Sale
$269,900
4178 S DREXEL Boulevard Unit 2, Chicago, IL 60653
Duplex condo with a private deck, fireplace, and assigned parking in Chicago.
Property Size1,600 SF
Price / SF$207.62
Days on Market11
Property Features for 4178 S DREXEL Boulevard Unit 2
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
1
Property subtype
Condo-Duplex
Site & Location
Neighborhood
Oakland
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,765
Amenities
private deck
fireplace
hardwood floors
stainless steel appliances
central air
washer/dryer hookup
vaulted ceilings
jacuzzi tub
walk-in shower
Building Details
Building Size
1,600 SF
Year Built
2007
Listing Agency:
eXp Realty
Listed By:
Ryan Casper · License #475121977
(888) 574-9405
Source:
Dawnmckennagroup
Added: Oct 18
Changed: Oct 27
Last Checked: Oct 26 at 9:56PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Built in 2007, this two-level condo has 2 bedrooms and 2.5 bathrooms. The main floor combines hardwood flooring with an open living, dining, and kitchen area, including a fireplace and stainless steel appliances. Upstairs, the primary suite features vaulted ceilings, three closets, and an en-suite bathroom with a jetted tub and separate walk-in shower. The home also includes a private deck, central air, and washer and dryer hookups.
The property is at 4178 S Drexel Boulevard in Chicago, in the Bronzeville/Oakland area. One assigned parking space is included, and street parking is also available. Nearby destinations listed include parks, schools, museums, grocery stores, hospitals, Metra, McCormick Place, Lake Michigan, DuSable Lake Shore Drive, restaurants, and shops.
The property is at 4178 S Drexel Boulevard in Chicago, in the Bronzeville/Oakland area. One assigned parking space is included, and street parking is also available. Nearby destinations listed include parks, schools, museums, grocery stores, hospitals, Metra, McCormick Place, Lake Michigan, DuSable Lake Shore Drive, restaurants, and shops.
Key Highlights
- 2 bedrooms and 2.5 bathrooms across two levels
- Private deck and fireplace
- Primary suite has vaulted ceilings, three closets, and an en‑suite bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,928
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,560
$398.6K
Cap Rate 7%
$284,686
$284.7K
Cap Rate 9%
$221,422
$221.4K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$38.2K $29.40/SF
− Vacancy
−$2.0K −$1.53/SF
EGI
$36.2K $27.87/SF
− OpEx
−$16.3K −$12.54/SF
NOI
$19.9K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,560
Cap Rate 7%
$284,686
Cap Rate 9%
$221,422
Alternative Uses
Best Use
Apartment 5plus
$284.7K
$249.1K – $332.1K
NOI $19,928 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$612.9K
$536.3K – $715.1K
NOI $42,906 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,038
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
Frequently Asked Questions
What type of property is this?
Residential income property - Duplex condo with a private deck, fireplace, and assigned parking in Chicago.
Where is this residential income property located?
The property is located at 4178 S DREXEL Boulevard Unit 2 Chicago, IL.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 2 bedrooms and 2.5 bathrooms across two levels; Private deck and fireplace; Primary suite has vaulted ceilings, three closets, and an en‑suite bath
