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.
Active
Price cut: $10K (8/5)
$185,000
4537 S Drexel Blvd APT 203, Chicago, IL 60653
1beds
900sqft
Condominium, Single Family Residence
Built in 2004
-- sqft lot
$182,700 Zestimate®
$206/sqft
$448/mo HOA
What's special
Cozy fireplaceSecure fob entryWell-maintained buildingAssigned exterior parking spaceEfficient layoutWood-finish flooring throughout
- 45 days |
- 185 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Chavez Carter (312)890-1489,
LPT Realty LLC
Source: MRED as distributed by MLS GRID,MLS#: 12703440
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: No additional rooms
Primary bedroom
- Features: Bathroom (Full)
- Level: Main
- Area: 143 Square Feet
- Dimensions: 13X11
Dining room
- Level: Main
- Dimensions: COMBO
Kitchen
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9X9
Laundry
- Level: Main
- Area: 35 Square Feet
- Dimensions: 5X7
Living room
- Level: Main
- Area: 234 Square Feet
- Dimensions: 18X13
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Laundry: In Unit
Features
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Living Room
Interior area
- Total structure area: 0
- Total interior livable area: 900 sqft
Property
Parking
- Total spaces: 1
- Parking features: Assigned, Yes
Accessibility
- Accessibility features: No Disability Access
Details
- Parcel number: 20023120541004
- Special conditions: None
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Single Family Residence
Materials
- Brick
Condition
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
HOA
- Has HOA: Yes
- Services included: Heat, Water, Gas, Parking, Insurance, Security, Exterior Maintenance, Scavenger, Snow Removal, Internet
- HOA fee: $448 monthly
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $206/sqft
- Tax assessed value: $155,560
- Annual tax amount: $3,135
- Date on market: 7/13/2026
- Ownership: Condo
Estimated market value
$182,700
$174,000 - $192,000
$2,045/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Price change | $185,000-5.1%$206/sqft |
Source:  MRED as distributed by MLS GRID #12703440 Report a problem | ||
| 7/23/2026 | Price change | $195,000-7.1%$217/sqft |
Source: MRED as distributed by MLS GRID #12703440 Report a problem | ||
| 7/1/2026 | Price change | $210,000-2.3%$233/sqft |
Source: MRED as distributed by MLS GRID #12677833 Report a problem | ||
| 6/15/2026 | Listed for sale | $215,000+87%$239/sqft |
Source: MRED as distributed by MLS GRID #12677833 Report a problem | ||
| 7/1/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/25/2023 | Listed for rent | $1,800$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/19/2019 | Sold | $115,000-14.8%$128/sqft |
Source: MRED as distributed by MLS GRID #10172211 Report a problem | ||
| 12/31/2006 | Sold | $134,900$150/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,135 +7.5% | $15,556 +12.9% |
| 2023 | $2,918 +2.9% | $13,779 |
| 2022 | $2,834 +2.3% | $13,779 |
| 2021 | $2,771 +38.8% | $13,779 +53.8% |
| 2020 | $1,996 +54% | $8,958 -9.3% |
| 2019 | $1,296 +1.8% | $9,878 |
| 2018 | $1,273 +146% | $9,878 +70.9% |
| 2017 | $517 -21.3% | $5,779 |
| 2016 | $657 +13.7% | $5,779 |
| 2015 | $578 -19.8% | $5,779 -10.5% |
| 2014 | $721 -21.5% | $6,456 -7.1% |
| 2013 | $919 -26.2% | $6,946 -26.4% |
| 2012 | $1,245 -26.8% | $9,434 -24.7% |
| 2011 | $1,702 -2.3% | $12,523 |
| 2010 | $1,742 +0.9% | $12,523 -2.6% |
| 2009 | $1,727 -2.1% | $12,857 -9.7% |
| 2008 | $1,763 -12.8% | $14,240 |
| 2007 | $2,022 | $14,240 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: North Kenwood
Nearby schools
GreatSchools rating
- 3/10Woodson South Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 1.2 mi
- 3/10Robinson Elementary SchoolGrades: PK-3Distance: 0.4 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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