Essex Realty Group Brokers the Sale of an 8-Unit Multi-Family Building in Hyde Park

5417 S. Drexel Ave. is an 8-unit center entrance brick apartment building located in Chicago’s Hyde Park neighborhood. The unit mix consists of seven large 3 bed/ 1 bath units and one 2 bed / 1 bath garden unit.

The property is 2 blocks east of Washington Park, approximately 1.5 miles west of Lake Michigan, and less than a mile north of the University of Chicago. The planned Obama Presidential Library is 2 miles from the subject property.

There was a total of 14 property tours with multiple offers in a two-month period.

The sale price was approximately $1,440,000.

Jordan Gottlieb and Brian Mond were the brokers on the transaction.