8620 South Drexel Avenue
8620 South Drexel Avenue
$299,000
12
6
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Description
Discover an extraordinary investment opportunity in the heart of Chatham with this classic Chicago-style brick six-unit building. Each unit features 2 bedrooms and 1 bathroom, offering a versatile layout perfect for a variety of tenants. This property is brimming with potential, awaiting your vision to restore it to its former glory. Key Features: Prime Location: Situated in the vibrant Chatham neighborhood, known for its strong community and rich history. Spacious Units: Six well-designed 2-bedroom,...Discover an extraordinary investment opportunity in the heart of Chatham with this classic Chicago-style brick six-unit building. Each unit features 2 bedrooms and 1 bathroom, offering a versatile layout perfect for a variety of tenants. This property is brimming with potential, awaiting your vision to restore it to its former glory. Key Features: Prime Location: Situated in the vibrant Chatham neighborhood, known for its strong community and rich history. Spacious Units: Six well-designed 2-bedroom, 1-bathroom units. Investment Potential: Ideal for renovation and value-add strategies, offering substantial ROI. AFTER REHAB VALUE $500K+ Vacant Units Available for Viewing: Two units are currently vacant and available for showing. Please respect tenant privacy in occupied units. Important Details: Buyer Responsibility: The buyer is responsible for addressing city code violations. As-Is Sale: The property is being sold in as-is, where-is condition. Additional Information: For more details, please refer to the "Additional Information" tab in the MLS. This is a rare opportunity for serious investors to acquire a property with significant upside potential. Bring your ideas and expertise to transform this distressed asset into a prized income-producing property.
- Listed by Sanina Ellison • Re-CHRG Inc
- Listed by Tara Flowers • Re-CHRG Inc
Property Details for 8620 South Drexel Avenue
Area
CHI - Chatham
TownshipHyde Park
ZoningMULTI
Location
LISTING UPDATED: 05/23/2024 01:22 AM
Property Details for 8620 South Drexel Avenue
Status | Active |
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MLS # | 12059340 |
Days on Market | 35 |
Taxes | $4,826 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Multi Family 5+-Garden Complex |
Year Built | 1932 |
Lot Size | 0.14 AC / 6,300 SF |
County | Cook County |
Location
Building Information for 8620 South Drexel Avenue
Stories-Residences6Year Built1932Building Size-Lot Size0.14 AC / 6,300 SF
Payment Calculator
$2,034 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 8620 South Drexel Avenue
Property History for 8620 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.
Public Records for 8620 South Drexel Avenue
Taxable ValueLand$7,875Additions$16,125Total$24,000
Tax Record2022$4,936 ($411 / month)
Home Facts
Baths6Total Finished SqFt8,544 SqFtAbove Grade Finished SqFt8,544 SqFtStories3Lot Size6,300 SqFtStyleMulti-Family Res (5+ Units)Year Built1932CountyCOOKAPN20-35-315-049
Schools near 8620 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 - | 10 to 11 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Ashe Elementary School PublicPK to 8 | ||
Harlan Community Academy High School Public9 to 12 | ||
YCCS Chtr - Chatham Charter10 to 11 | ||
Burnside Elementary Scholastic Academy PublicPK 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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