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6-Unit Apartment Building
For Sale
Contact for pricing
Pending

5432 S Drexel Ave, Chicago, IL 60615

Multifamily property near the University of Chicago with access to Lake Michigan, Downtown Chicago, and public transportation.

Property SizeContact for details
Days on Market203

Property Features for 5432 S Drexel Ave

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Public Transit Yes
Multifamily Units 6

Building Details

Buildings 1
Units 6
Listing Agency: Chicago Real Estate Resources Inc
Listed By: Steven Rapoport, CCIM · License #IL 471006648
Source: Crexi
Added: Feb 12 Changed: Sep 2 Last Checked: Sep 1 at 9:17PM

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 Chicago Real Estate Resources Inc

Investment Insights

Based on property information with market context.

This six-unit apartment building is located at 5432 S Drexel Ave in Chicago’s Hyde Park neighborhood. The property offers a multifamily configuration near the University of Chicago, a major institutional presence in the area.

The location also provides proximity to Lake Michigan, Downtown Chicago, and public transportation. These nearby destinations and transportation options add practical connectivity for residents and place the building within an established Chicago neighborhood.

Key Highlights

  • Six‑unit apartment building
  • Located at 5432 S Drexel Ave, Chicago, IL 60615
  • Situated in Hyde Park near the University of Chicago

Property Analytics

Current Use

Ray's apartment Apartment Building

Suggested Use

Top Pick Kitchen & Bath Showroom Auto Repair Shop Auto Parts Store (Bike/Boat/Book/etc) Store Plumbing Service Home Appliance Store

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

3,648
Businesses Nearby

Demographics for 60615, IL

43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Multifamily property near the University of Chicago with access to Lake Michigan, Downtown Chicago, and public transportation.
Where is this apartment building located?
The property is located at 5432 S Drexel Ave Chicago, IL.
What are key features of this property?
This property features: Six‑unit apartment building; Located at 5432 S Drexel Ave, Chicago, IL 60615; Situated in Hyde Park near the University of Chicago
(847) 863-2707 Call to check price and availability
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