4627 S. Drexel Blvd, Chicago, IL 60653 For Sale

Kiser Group is pleased to exclusively present for purchase 4627 S. Drexel, a thirty-five (35) unit building located on a quiet, tree-lined street amongst a variety of single-family townhomes. Situated in a premier location in Chicago's historic North Kenwood neighborhood, the asset is ideally located just blocks away from Lake Michigan, Williams-Davis Park, providing easy access to S. Lake Shore Dr. and Chicago's downtown.

4627 S. Drexel boasts a desirable unit mix, comprised of three (3) 1Bd/1Ba, three (3) 2Bd/1Ba units, four (4) 2Bd/2Ba, and twenty-five (25) 3Bd/2Ba units. All of which are incredibly spacious and have gone through extensive renovations. Typical units include, but are not limited to, hardwood floors, stainless steel appliances, and individual laundry units as well as furnaces.

4627 S. Drexel provides investors with the unique opportunity to obtain a stabilized, cash-flowing asset in one of Chicago's most rapidly appreciating neighborhoods. From day one, an investor will realize an in-place cap rate of 8% and a cash return of 9.87%.