$185,000
$210,000 · just reduced
Chicago, IL 60653
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.
Estimated monthly cost for this home
$1,719/mo
Estimate only, not a quote or offer of credit. Rate starts from today's market rate (6.71%, 2026-09-03). Taxes from the listing's MRED record. Talk to a lender for real numbers; a Subdiview agent can introduce you to a good one.
| Current price | $185,000▼ $25,000 from original |
| Listed Jul 13, 2026 | $210,000 |
| 2024 property taxes | $3,135/yr |
From the listing's MRED record. MRED does not publish per-change dates through IDX, so price changes are shown without one rather than guessed.
MRED Broker ReciprocityThis listing is part of the MRED data exchange program provided courtesy of LPT Realty LLC, listed by Chavez Carter.
Information last updated Aug 11, 2026, 5:06 AM.
4537 Drexel Boulevard
Chicago, IL 60653

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Call 224-385-8779Sourced from the MRED MLS feed. Last updated when the listing was modified.