Exclusively engaged to market for sale Drexel House [5017 S DrexelBlvd], an 8-unit, 38-bedroom multifamily property in Chicago's Hyde Park neighborhood.5017 S Drexel is a gut-rehabbed property showcasing a rare and highly functional unit configuration: [7] spacious five-bedroom apartments and [1] three-bedroom unit, all equipped with three bathrooms. Each residence has been meticulously updated, offering modern, high-end finishes, quality furnishings, private furnaces, and in-unit laundry.These extensive upgrades support strong investment potential and market-leading returns in one of Chicago's most upward-trending submarkets. The building operates with both short-term rental flexibility and long-term lease stability.The property is situated in close proximity to numerous attractions of Chicago's desirableHyde Park neighborhood, including The University of Chicago, The Northwestern MedicalCenter, and the future Obama Presidential Library.The owner has successfully implemented a hybrid long-term/short-term rental strategy that caters to the University of Chicago community. Ownership has achieved high occupancy and strong in-place rental income off their hybrid model.

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Based on information submitted to the MLS GRID as of 2025-11-25 02:26 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-11-25 02:26 AM UTC
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