4537 S Drexel Boulevard #203
Chicago, IL, 60653
$185,000
1 Beds
1 Baths
900 SqFt
0 Acres
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MLS #MRD12760987 image #0
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.

Property Details

Price:
$185,000
MLS #:
MRD12760987
Status:
Active
Beds:
1
Baths:
1
Type:
Condo
Neighborhood:
chikenwood
Listed Date:
Sep 16, 2026
Finished Sq Ft:
900
Year Built:
2004
Parking TotalChi – KenwoodChikenwood

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Schools

School District:
299

Interior

Bathrooms
1 Full Bathroom
Cooling
Central Air
Fireplaces Total
1
Heating
Natural Gas
Laundry Features
In Unit

Exterior

Construction Materials
Brick
Parking Features
Assigned, Yes
Parking Spots
1
Parking Total
1

Financial

HOA Fee
$448
HOA Fee Frequency
Monthly
HOA Includes
Heat, Water, Gas, Parking, Insurance, Security, Exterior Maintenance, Scavenger, Snow Removal, Internet
Tax Year
2024
Taxes
$3,135

Map

Community

Market Summary

Current real estate data for Condo in Chicago as of Oct 13, 2026
3,195
Condo Listed
64
Avg DOM
376
Avg $ / SqFt
$640,771
Avg List Price

Property Summary

    4537 S Drexel Boulevard #203 Chicago IL is a Condo for sale in Chicago, IL, 60653. It is listed for $185,000 and features 1 beds, 1 baths, and has approximately 900 square feet of living space, and was originally constructed in 2004. The current price per square foot is $206. The average price per square foot for Condo listings in Chicago is $376. The average listing price for Condo in Chicago is $640,771.

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4537 S Drexel Boulevard #203
Chicago, IL