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Property 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.

Overview

Property Status
Sold
Date Sold
May 31, 2024
MLS ID
11993102
Property Type
Multi-Family
Year Built
1908

Features & Amenities

Neighborhood
Chicago
Architecture Styles
Greystone
Garage Spaces
2.0
Water Source
Lake Michigan, Public
Roof
Asphalt, Rubber
Lot Features
Common Grounds, Partial Fencing, Sidewalks, Streetlights
Heat Type
Natural Gas, Electric, Forced Air, Steam, Radiator(s), Indv Controls
Sewer
Public Sewer
Substructure
Concrete Perimeter
Other Exterior Features
Balcony, Porch
School District
299
Sales Price
$550,000
Real Estate Tax
$4,326/yr

Downloads

4123 S Drexel Boulevard

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for your interest in 4123 S Drexel Boulevard, Chicago, IL 60653

4123 S Drexel Boulevard
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