Accepting Backups

5430 Drexel Avenue

Chicago, IL 60615
$1,350,000
0beds
0baths
sqft
Ask Dwello about this home
Anything from "is it priced right?" to "what's the catch?"

About this home

Separate tenant paid heat. Apartment building located near the University of Chicago, one of the most powerful institutional anchors in the Midwest. Hyde Park is known for stable tenant demand, timeless architectural character, and consistent long term appreciation. The location offers immediate access to the University of Chicago along with close proximity to Lake Michigan, Downtown Chicago, and accessible public transportation, all of which support a deep and dependable renter pool. This property is ideally suited for investors seeking a core Hyde Park position with strong in place income and durable long term value growth. The location drives consistently high demand, makes this an outstanding opportunity in one of the most resilient and historically stable multifamily submarkets in Chicago.
MLS Description — as provided by the listing brokerage.

The facts

Property typeCommercial Sale
Year built1916
Lot size
Annual tax$21,117
CountyCook
MLS #MRD12608303
Days on market15
Listed by
Chicago Real Estate Resources
Steven Rapoport

Listing courtesy of mred MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of 4/16/2026, 9:52:02 PM. All data should be independently verified.

This home is under contract but the seller is accepting backup offers. Contact a dwello agent to submit.

You + your agent

What do you think?

React below so your dwello agent knows how you feel. Leave a note to start a conversation about this home.

Loading…