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$1,350,000
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Property Description
Separate tenant paid heat. Apartment building located near the University of Chicago, one of the most powerful institutional anchors in the Midwest. Hyde Park is known for stable tenant demand, timeless architectural character, and consistent long term appreciation. The location offers immediate access to the University of Chicago along with close proximity to Lake Michigan, Downtown Chicago, and accessible public transportation, all of which support a deep and dependable renter pool. This property is ideally suited for investors seeking a core Hyde Park position with strong in place income and durable long term value growth. The location drives consistently high demand, makes this an outstanding opportunity in one of the most resilient and historically stable multifamily submarkets in Chicago.
Full Property Details
Full Property Details for 5430 S Drexel Ave
General
- Sold For: $1,350,000
- Taxes: $21,117 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12608303
- Added to Site: 71 day(s) ago
Location
- Area: CHI - Hyde Park
- County: Cook
- Driving Directions: 5430-5432 S. Drexel Ave, Chicago, IL 60615.... South of 54th, north of 55th
Heating & Cooling
- Heating Type: Radiators
Structural Information
- Stories/Levels: 3
- Year Built: 1916
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 6,240
- Lot Dimensions: 6240
Financial Considerations
- Operating Expenses: $51,831
- Assessment Year: 1916
- Tax Amount: $21,117
- Tax Year: 2024
Disclosures and Reports
- Property ID: 20113260330000
Listed by Chicago Real Estate Resources
Sold by Keller Williams ONEChicago
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Schools
Schools serving 5430 S Drexel Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Kozminski Elementary Community Academy 936 East 54th Street, Chicago, IL 60615 | PK-8 | 0.2 mi |
Kenwood Academy High School 5015 South Blackstone Avenue, Chicago, IL 60615 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5430 S Drexel Ave
Date
Details
Price
Change
Source
6/05/2026
Sold
$1,350,000
—
MLS
4/02/2026
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5430 S Drexel Avenue, Chicago, IL 60615 (MLS# 12608303) is a Commercial property that was sold at $1,350,000 on June 05, 2026. Want to learn more about 5430 S Drexel Avenue? Do you have questions about finding other Commercial real estate for sale in Hyde Park? You can browse all Hyde Park real estate or contact a Coldwell Banker agent to request more information.

