7841 South Drexel Avenue

Chicago, IL 60619

$300,000
Price
9
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing cash flow potential from this all-brick 4-unit building in Chatham boasting excellent maintenance and a fully fenced-in lot. The units feature hardwood flooring and fresh paint, and each has its own furnace. The property presents a great investment opportunity, with projected rents of $1,000+ for the two-bedroom units and $1,200+ for the three-bedroom units. It is being sold AS-IS and requires a conventional loan or cash payment. Some units need rehab. This property is also being offered...Amazing cash flow potential from this all-brick 4-unit building in Chatham boasting excellent maintenance and a fully fenced-in lot. The units feature hardwood flooring and fresh paint, and each has its own furnace. The property presents a great investment opportunity, with projected rents of $1,000+ for the two-bedroom units and $1,200+ for the three-bedroom units. It is being sold AS-IS and requires a conventional loan or cash payment. Some units need rehab. This property is also being offered as a portfolio sale along with 321 W 59th PL (MLS# 11771786), 7658 S Union Ave (MLS# 11771871), and 8122 S Evans (MLS# 11771960).

Listing Agents

  1. Tim Lorimer

    Tim Lorimer

    Listing Agent

    Compass

  2. Michael Mandile

    Michael Mandile

    Alternative Listing Agent

    Compass

Property Details for 7841 South Drexel Avenue

Area
CHI - Greater Grand Crossing
Township
Hyde Park
Ownership
Fee Simple
Num Of Cars
0.0
Parking Included in Price
No
Heat/Fuel
Natural Gas
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 05/08/2023 12:43 PM

Property Details for 7841 South Drexel Avenue

StatusActive
MLS #11771983
Days on Market34
Taxes$4,022 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 4 Flat
Year Built1907
Lot Size0.12 AC / 5,227 SF
CountyCook County

Location

Add your commute

Virtual Tour

Building Information for 7841 South Drexel Avenue

Stories-Residences4Year Built1907Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$1,841 per month

30 year fixed, 6.43% Interest

Principal and Interest

$1,506

Property Taxes

$335

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7841 South Drexel Avenue

General Information
    School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
    Addtl Parking Information
  • Parking: None
    Taxes and HOA Information
  • Additional Parcels: No
Property Information
    Interior Features
  • Num Of Rooms: 13
  • Bedrooms (Below Grade): 0
  • Community Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 9
  • Basement Description: Unfinished
  • # Full Baths in Building: 4
  • # Half Baths in Building: 0
  • Num of Baths: 0.0
    Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
    Property/Lot Information
  • Exterior Property Features: Porch, Storms/Screens
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2016
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 44X125
  • Total # Units in Building: 4.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Roof Type: Tar and Gravel
  • Foundation Details: Brick/Mortar, Concrete Perimeter
  • General Information: Commuter Bus,Commuter Train
  • North Coordinate: 0
  • South Coordinate: 7841
  • East Coordinate: 0
  • West Coordinate: 0
  • 3 Br Un In Bldg: Yes
    Property and Assessments
  • Buyer Financing: Conventional, FHA, VA
  • Public Document Count: 3
  • Document Date: 2023-05-08T17:42:27
  • Photos Count: 6
    Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
    Unit 1
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
    Unit 2
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
    Unit 3
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
    Unit 4
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4

Property History for 7841 South Drexel Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7841 South Drexel Avenue

Taxable ValueLand$6,835Additions$13,165Total$20,000
Tax Record2021$4,022 ($335 / month)
Home Facts
Baths4Total Finished SqFt3,216 SqFtAbove Grade Finished SqFt3,216 SqFtStories2Lot Size5,468 SqFtStyleMulti-Family Res (5+ Units)Year Built1912CountyCOOKAPN20-26-319-015

Schools near 7841 South Drexel Avenue

This home is within City Of Chicago School District 299.
RatingSchoolTypeGradesDistance
Public - PK to 8
Public - 9 to 12
Charter - 6 to 12
Charter - K to 8
RatingSchoolDistance
Tanner 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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7841 South Drexel Avenue is a multi-family home for sale in Chicago, IL 60619. This property was listed for sale on May 1, 2023 by Compass at $300,000. It has been on the market for a total of 34 days and was last sold on December 11, 2018. This listing's school district is City Of Chicago School District 299. Nearby schools include Tanner Elementary School, Hirsch Metropolitan High School and Gary Comer College Prep. 7841 South Drexel Avenue is a 9-bed, 4-bath, multi-family home built in 1907.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Greater Northwest Indiana Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Greater Northwest Indiana Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.