4123 S Drexel Boulevard Chicago, IL 60653
Listing Courtesy of: Midwest Real Estate Data / Coldwell Banker Realty / Sybil Martin / Paulette Edwards

  4123 S Drexel Boulevard Chicago, IL 60653

Contingent (59 Days)
$499,000
7
BED
4
BATH

Description

In the heart of the storied Oakland community, nestled proudly overlooking the Boulevard, stands a majestic relic of the past, awaiting its renaissance. The ME Team brings you an exclusive insight into the magnificent Greystone at 4123 S Drexel Avenue, an architectural masterpiece waiting to be reborn. This three-unit Greystone, a testament to the grandeur of yesteryears, beckons investors, dreamers, and visionaries alike. With its stately gray stone facade casting an imposing silhouette against the skyline, this property is a timeless symbol of elegance and potential. What sets this property apart is not just its historical significance, but the myriad of opportunities it presents. In need of total rehabilitation, this blank canvas offers the chance to transform and revitalize, breathing new life into its 5260 square feet of living space. With four majestic fireplaces lending an air of opulence, and the possibility to duplex down, the potential for grandeur is limitless. Imagine the opportunity to offset your mortgage with the rental income from the other two units, or to craft a singular haven, a sprawling single-family mansion befitting of royalty. The choice is yours, limited only by the bounds of your imagination. Venturing below, discover an additional unit awaiting transformation in the lower level, offering even more potential for expansion or rental income. And with the property boasting both forced air and a boiler system, modern amenities can seamlessly meld with the historic charm, ensuring comfort and efficiency for generations to come. But perhaps the most compelling aspect of this property lies not just in its bricks and mortar, but in its enviable location. Oakland, a community steeped in history and culture, offers more than just a place to live - it offers the promise of generational wealth. In the equation of Location + Land, the sum is far greater than its parts, promising a legacy that transcends time.

MLS #:
11993102
Taxes
$4,326(2022)
Type
Multifamily
Year Built
1908
Style
Greystone
School District
299
County
Cook County

Listed By

Sybil Martin, Coldwell Banker Realty
Paulette Edwards, Coldwell Banker Realty
Source
Midwest Real Estate Data as distributed by MLS Grid
Last checked Apr 28 2024 at 5:58 AM CDT
Bathroom Details
Lot Information
  • Streetlights
  • Sidewalks
  • Partial Fencing
  • Common Grounds
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Indv Controls
  • Radiator(s)
  • Steam
  • Forced Air
  • Electric
  • Natural Gas
Basement Information
  • Bathroom Rough-In
  • Exterior Access
  • Partially Finished
  • English
  • Full
Exterior Features
  • Stone
  • Roof: Rubber
  • Roof: Asphalt
Utility Information
  • Utilities: Water Source: Public, Water Source: Lake Michigan
  • Sewer: Public Sewer
Garage
  • None/Na
  • Detached
Additional Listing Info
  • Buyer Brokerage Commission: 2.5%-$475
Location
   
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Disclaimer: Based on information submitted to the MLS GRID as of 4/20/22 08:21. All data is obtained from various sources and may not have been verified by broker or MLSGRID. Supplied Open House Information is subject to change without notice. All information should beindependently reviewed and verified for accuracy. Properties may or may not be listed by the office/agentpresenting the information. Properties displayed may be listed or sold by various participants in the MLS. All listing data on this page was received from MLS GRID.