David Mirdadi - Chicagoland Brokers Inc Logo
$185,000
 $993 est/mo Sourced by Back At You

4537 S Drexel Boulevard 203,Chicago, IL 60653

Chicago, IL 60653

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Description

Investor Special!!! Turnkey income-producing opportunity in the highly sought-after historic Drexel Boulevard corridor. This spacious 1-bedroom, 1-bath condominium offers wood-finish flooring throughout, a cozy fireplace, a large bathroom with dual vanities, and an efficient layout that appeals to long-term tenants. The well-maintained building features secure fob entry, an assigned exterior parking space, and low HOA dues. The unit is currently leased to an excellent long-term tenant paying $1,750 per month through March 1, 2027, providing immediate, stable cash flow from day one with no vacancy concerns. Seller is also offering a $2,500 appliance credit, allowing the new owner or future occupant to update the appliances to their personal preference while adding value to the property. A professionally managed, investor-friendly building that allows rentals, making this a rare opportunity to acquire a turnkey asset with immediate income and future upside.

Details

MLS #12703440
Listing TypeFor Sale
StyleCondominium
HOA Dues$448
Sub-TypeResale
StatusActive
Year2004
Days On Site39
Listing Provided ByLPT Realty LLC | Chavez Carter

Features

Bed(s)1
Bath(s) 1 Total
SQ Feet900
Story(s)6

Interior

Rooms Total4
CoolingCentral Air
HeatingNatural Gas
Fireplaces Total1
Laundry FeaturesIn Unit

Exterior

Construction MaterialsBrick

Parking

Parking FeaturesAssigned, Yes

Utilities

SewerPublic Sewer

Taxes

Tax Year2024
Tax Annual Amount3135

Area Information

StateIL
CountyCook
CityChicago
Zip Code60653
AreaCHI Kenwood
Listing VS Median (in 60653)
Price:
$185,000
low | high
Med:
$322,500
24.324324324324% of Average
sqft:
900
low | high
Med:
1,650
33.333333333333% of Average
$ / sqft:
$206
low | high
Med:
$197
54.189189189189% of Average
On site:
39
low | high
Med:
53
73.584905660377% of Average
Sourced by Back At You

Market Activity 60653

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Learn More About This Property

David Mirdadi

David Mirdadi

Chicagoland Brokers Inc

 (773) 455-6666homes@mirdadi.com
StateIL
CountyCook
CityChicago
Zip Code60653
AreaCHI Kenwood
Listing VS Median (in 60653)
Price:
$185,000
low | high
Med:
$322,500
24.324324324324% of Average
sqft:
900
low | high
Med:
1,650
33.333333333333% of Average
$ / sqft:
$206
low | high
Med:
$197
54.189189189189% of Average
On site:
39
low | high
Med:
53
73.584905660377% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $138K - $231K
sqft: 675 - 1,000
Nearby Listings Property ImageNearby Listings Details
926 E 43rd Street 309 Property Photo 1
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Chicago, IL 60653
926 E 43rd Street 409 Property Photo 1
$2,568
926 E 43rd Street 409
Chicago, IL 60653
835 E 49th Street 3 Property Photo 1
$78,500
835 E 49th Street 3
Chicago, IL 60615
Listing Updated: August 10, 2026 at 11:17:18 PM PDT

David Mirdadi - Chicagoland Brokers Inc