Essex Realty Group Brokers the Sale of an 86-Unit Building in Hyde Park
August 8, 2018 11:33 AM
6140 S. Drexel Ave. is an 86-unit apartment building located in Chicago's Hyde Park neighborhood. The unit mix consists of thirty-five (35) 3 bedroom, thirty-three (33) 2 bedroom, seventeen (17) 1 bedroom and one (1) 4-bedroom apartments. Typical units include vinyl floors in the kitchen and bathrooms, carpeted floors in common areas and the bedrooms, white or stainless-steel appliances, laminate or granite faux countertops and radiator heat. Building amenities include secure entry with intercom system, elevator, fitness center, leasing office and a party room. In addition, there are ninety (90) surface parking spaces.
The Property is situated on the west side of Drexel Avenue between 61st & 62nd Street, and is just steps from the University of Chicago, Midway Plaisance and Washington Park. It is within close proximity to many national retailers including Aldi, Whole Foods, CVS, Walgreens, Dunkin' Donuts, Starbucks and Target. In addition, it is within walking distance to many world-renowned museums including the Museum of Science and Industry, DuSable Museum of African American History, Oriental Institute Museum and Smart Museum of Art.
The sale price was approximately $9,150,000
Doug Fisher and Vic Ciancetta were the brokers on the transaction.