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The Sutherland 4659 S Drexel Blvd 112 Unit Apartment Building For Sale Chicago, IL 60653
Investment Highlights
- Trophy Historic Asset in the Kenwood Neighborhood
- Uncompromising Set of Common Area Amenities
- Prominent Corner Location on the Boulevard
- Fully Renovated 13 Years Ago
- Attractive Parking Ratio
Executive Summary
Interra Realty has been exclusively engaged to market 4659 S. Drexel Boulevard, The Sutherland, for sale. The subject investment property is a rarely available, renovated mixed-use asset in a high-demand location in Kenwood.
Current ownership fully renovated this historic property 13 years ago. At that time, all building systems, envelope components, and unit finishes were upgraded. Additionally, desirable common area amenities were added including a fitness center, coworking space, billiards room, and tenant storage. The property offers on-site parking as well as an additional parking lot within a block from the property.
The retail represents less than 10% of the total revenue and is fully occupied by a stable roster of tenants.
Current ownership fully renovated this historic property 13 years ago. At that time, all building systems, envelope components, and unit finishes were upgraded. Additionally, desirable common area amenities were added including a fitness center, coworking space, billiards room, and tenant storage. The property offers on-site parking as well as an additional parking lot within a block from the property.
The retail represents less than 10% of the total revenue and is fully occupied by a stable roster of tenants.
Property Facts
| Sale Type | Investment | Lot Size | 0.84 AC |
| No. Units | 112 | Building Size | 93,436 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built/Renovated | 1923/2012 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.3/1,000 SF |
| Building Class | A | Opportunity Zone |
Yes
|
| Zoning | C2-2 - Commercial | ||
| Sale Type | Investment |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.84 AC |
| Building Size | 93,436 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1923/2012 |
| Parking Ratio | 0.3/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C2-2 - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- High Speed Internet Access
- Wheelchair Accessible (Rooms)
Site Amenities
- Clubhouse
- Concierge
- Fitness Center
- Laundry Facilities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | $1,341 | 394 |
| 1+1 | 40 | $1,739 | 609 |
| 1+1 | 17 | $1,788 | 730 |
| 2+1 | 27 | $2,127 | 877 |
| 2+2 | 10 | $2,242 | 997 |
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Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 20-02-316-009-0000 | Improvements Assessment | $914,810 |
| Land Assessment | $76,590 | Total Assessment | $991,400 |
Property Taxes
Parcel Number
20-02-316-009-0000
Land Assessment
$76,590
Improvements Assessment
$914,810
Total Assessment
$991,400
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The Sutherland | 4659 S Drexel Blvd
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