4537 S Drexel Boulevard 203, Chicago, IL 60653

• 1 bed |
• 1 bath |
• 900 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

September 22, 2026 at 2:20PM

Listing Office:

LPT Realty LLC : 312-890-1489

Listing Agent:

Chavez Carter : 312-890-1489

MLS ID:

12760987

Interior

• Rooms: No additional rooms
• Laundry: In Unit
• Basement: None
• A/C: Central Air
• Heating: Natural Gas
• Fireplace: Fireplaces: 1
• Disability Feature: None

Exterior

• Parking: AssignedYesParking spaces: 1

Location

• HOA Amenities: HeatWaterGasParkingInsuranceSecurityExterior MaintenanceScavengerSnow RemovalInternet448.0Monthly
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 20023120541004

Utilities

• Water: Lake MichiganPublic
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Condo