7841 South Drexel Avenue
7841 South Drexel Avenue
$250,000
9
4
—
—
—
Closed 10/31/23
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), and 8122 S Evans (MLS# 11771960).
Listing Agents
Sold By Baird & Warner
Property Details for 7841 South Drexel Avenue
Area
CHI - Greater Grand Crossing
TownshipHyde Park
OwnershipFee Simple
Num Of Cars0.0
Parking Included in PriceNo
Heat/FuelNatural Gas
ZoningMULTI
Location
LISTING UPDATED: 11/02/2023 04:24 PM
Property Details for 7841 South Drexel Avenue
Status | Closed |
---|---|
MLS # | 11857179 |
Days on Market | 82 |
Taxes | $4,022 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 4 Flat |
Year Built | 1907 |
Lot Size | 0.12 AC / 5,227 SF |
County | Cook County |
Location
Virtual Tour
Building Information for 7841 South Drexel Avenue
Stories-Residences4Year Built1907Building Size-Lot Size0.12 AC / 5,227 SF
Payment Calculator
$1,700 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 7841 South Drexel Avenue
Property History for 7841 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 7841 South Drexel Avenue
Taxable ValueLand$6,835Additions$13,165Total$20,000
Tax Record2022$4,114 ($343 / 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.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
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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