7900 South Drexel Avenue
7900 South Drexel Avenue
$839,000
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Description
Perfect Property For New And Experienced Investors! Don't miss out on this newly remodeled building that features 6 apartments and 8 retail/office storefronts equalling 15 income producing units. The 6 residential units are one 2bed/1bath, and five 1 bed/1bath. 5 apartment units have been renovated with individual gas forced heat and hot water heaters. 8 storefronts also have gas forced heat and central air. Tenant Pays cooking gas, heat, elec. Owner pays ins, tax, water. Conveniently located to...Perfect Property For New And Experienced Investors! Don't miss out on this newly remodeled building that features 6 apartments and 8 retail/office storefronts equalling 15 income producing units. The 6 residential units are one 2bed/1bath, and five 1 bed/1bath. 5 apartment units have been renovated with individual gas forced heat and hot water heaters. 8 storefronts also have gas forced heat and central air. Tenant Pays cooking gas, heat, elec. Owner pays ins, tax, water. Conveniently located to Metra 79th St Station and Interstate. Walk into this deal with equity! Property located in a opportunity zone area so there are many city grants available. There is potential for more income once the 2 vacancies are filled. 2 apartments are vacant. There has been a ton of work and repair done due to the city of Chicago violations. There is still a few repairs and updates the new owner will need to take over which is why we are selling at a discount. please contact me if you have any questions.... we have started the process with attorney to challenge the taxes and get a reduction in yearly taxes.... Opportunity Zone and tons of Equity! buildings are selling for close to 1 million plus attached is the OM with the rent roll and comps
- Listed by Candice Payne • 5th Group Corp
Property Details for 7900 South Drexel Avenue
Area
CHI - Chatham
TownshipHyde Park
ZoningOTHER
Location
LISTING UPDATED: 04/07/2024 12:06 AM
Property Details for 7900 South Drexel Avenue
Status | Active |
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MLS # | 12017648 |
Days on Market | 75 |
Taxes | $21,875 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1925 |
Lot Size | 0.18 AC / 7,841 SF |
County | Cook County |
Location
Building Information for 7900 South Drexel Avenue
Stories-Residences15Year Built1925Lot Size0.18 AC / 7,841 SF
Payment Calculator
$6,402 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7900 South Drexel Avenue
Property History for 7900 South Drexel Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 7900 South Drexel Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
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Ashe Elementary School PublicPK to 8 | ||
Hirsch Metropolitan High School Public9 to 12 | ||
Gary Comer College Prep Charter6 to 12 | ||
CICS Avalon CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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