Active

Price cut: $5K (7/1)

$210,000

4537 S Drexel Blvd APT 203, Chicago, IL 60653

1beds

900sqft

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Condominium, Single Family Residence

Built in 2004

-- sqft lot

$206,600 Zestimate^®

$233/sqft

$448/mo HOA

What's special

Cozy fireplaceSecure fob entryWell-maintained buildingAssigned exterior parking spaceEfficient layoutWood-finish flooring throughout

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.

26 days

311

13

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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: $233/sqft
Tax assessed value: $155,560
Annual tax amount: $3,135
Date on market: 6/15/2026
Ownership: Condo

Estimated market value

$206,600

$196,000 - $217,000

$2,031/mo

Price history

Date	Event	Price
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	--	$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

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: North Kenwood

Getting around

72 / 100

Very Walkable

64 / 100

Good Transit

75 / 100

Very Bikeable

Nearby schools

GreatSchools rating

3/10
Woodson South Elementary School
Grades: PK-8Distance: 0.3 mi
1/10
Phillips Academy High School
Grades: 9-12Distance: 1.2 mi
3/10
Robinson Elementary School
Grades: 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.