4537 S Drexel Boulevard #203, Chicago, IL 60653

Chicago
Local realty services provided by:ERA Naper Realty
4537 S Drexel Boulevard #203,Chicago, IL 60653
$185,000
  • 1 Beds
  • 1 Baths
  • 900 sq. ft.
  • Condominium
  • Active
Listed by: chavez carter
Office: lpt realty llc.
MLS#:12703440
Source:MLSNI

Price summary

  • Price:$185,000
  • Price per sq. ft.:$205.56
  • Monthly HOA dues:$448

About this home

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.

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Home facts

  • Year built:2004
  • Listing ID #:12703440
  • Updated:September 07, 2026 at 11:02 AM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:4
  • Living area:900 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:2004
  • Building area:900 sq. ft.

Utilities

  • Water:Lake Michigan, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$185,000
  • Price per sq. ft.:$205.56
  • Tax amount:$3,135 (2024)

Parking

  • Total parking spaces:1
  • Parking description:Assigned
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