North Kenwood Apartment
4625 S Drexel Blvd, Chicago, IL 60653
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62-unit building in Chicago's historic North Kenwood neighborhood.
Type:Multifamily
Property size:
42,600 SFPrice / SF:
$325/SF- Added:
- Feb 23, 2026
- Days on Market:
- 89
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 4625 S Drexel Blvd
General Information
- Standard status
- Active
- Size
- 42,600 SF
- Property subtype
- Multifamily
Listing agent Noah Birk License #IL 475.125864
Listing office Kiser Group (773) 293-5032
Listing date Feb 23, 2026
Source Crexi
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 Kiser Group
HighLights
- Assumable loan with a 3.32% interest rate and roughly 5 years remaining at approximately 78% LTV.
- In‑place cap rate of 7% and a cash return of 12.84%.
- Sixty‑two (62) unit building with a desirable mix of 1Bd/1Ba and 2Bd/1Ba units.
- Extensively renovated, spacious units with modern finishes, hardwood floors, stainless steel appliances, individual laundry units, and HVAC furnaces.
- Premier location in Chicago's historic North Kenwood neighborhood, near Lake Michigan, Williams‑Davis Park, S. Lake Shore Dr., downtown Chicago, Hyde Park, and the University of Chicago.
- Located on a quiet, tree‑lined street with single‑family townhomes and strong curb appeal.
Overview
Located on a quiet, tree-lined street in Chicago's historic North Kenwood neighborhood, 4625 S. Drexel is a sixty-two (62) unit building with curb appeal. The property is situated blocks away from Lake Michigan and Williams-Davis Park, providing easy access to S. Lake Shore Dr. and Chicago's downtown, along with close proximity to Hyde Park and the University of Chicago. The unit mix is comprised of thirty-nine (39) 1Bd/1Ba and twenty-three (23) 2Bd/1Ba units. The units are spacious and have undergone extensive renovations, including modern finishes. Typical unit features include hardwood floors, stainless steel appliances, individual laundry units, and HVAC furnaces. The property offers investors the opportunity to obtain a stabilized, cash-flowing asset in a rapidly appreciating neighborhood. The building has an in-place cap rate of 7% and a cash return of 12.84%. There is a current assumable loan on the building with a 3.32% interest rate with roughly 5 years left at roughly 78% LTV. The property size is 42600 square feet.
Location Intelligence
Current Use by Public Records
Novo Properties
Real Estate Agency
VenusHouse Publishers
Publishing House
Drexel Apartments
Apartment Building
Peter Thornton MCA
Motoring Club
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6029921
- Latitude
- 41.8105352
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FAQs
What type of property is this?
Apartment building - 62-unit building in Chicago's historic North Kenwood neighborhood.
Where is this apartment building located?
The property is located at 4625 S Drexel Blvd Chicago, IL.
What is the asking price?
The asking price for this property is $13,850,000.
What are key features of this property?
This property features: Assumable loan with a **3.32% interest rate** and roughly 5 years remaining at approximately 78% LTV.; **In‑place cap rate of 7%** and a cash return of 12.84%.; Sixty‑two (62) unit building with a desirable mix of 1Bd/1Ba and 2Bd/1Ba units.
