8026 South Drexel Avenue
8026 South Drexel Avenue
$75,000
18
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—
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Closed 3/17/21
Description
Phenomenal 6-unit all brick Multi Family in East Chatham is looking for a savvy investor. This property is an Investors Dream that has been gutted to the studs and is in need of creative ideas to transform this shell into a cashflow generating investment. All Buyers who are interested purchasing this building must abide by a regulatory agreement that will require that 51% of the units be kept at 80% AMI rents and income for a period of 10 years. In addition, this property is corporate owned and is...Phenomenal 6-unit all brick Multi Family in East Chatham is looking for a savvy investor. This property is an Investors Dream that has been gutted to the studs and is in need of creative ideas to transform this shell into a cashflow generating investment. All Buyers who are interested purchasing this building must abide by a regulatory agreement that will require that 51% of the units be kept at 80% AMI rents and income for a period of 10 years. In addition, this property is corporate owned and is being sold "As-Is", tax proration will be at 100%, no survey or disclosures will be provided to the buyer. All city violations (if any) will be the responsibility of the new owner. To submit your offer, please have your agent download the Bidders package found in the Additional Information tab on the MLS. All Buyers MUST show proof of funds to purchase as well as to Rehab! Don't miss out on this great opportunity. Call your broker and schedule a showing today! Let's GO!
- Listed by Jaye Stovall Akintonde • eXp Realty, LLC
Sold By Keller Williams ONEChicago
Property Details for 8026 South Drexel Avenue
Area
CHI - Chatham
TownshipHyde Park
Num Of Parking Spaces2.0
ZoningMULTI
Location
LISTING UPDATED: 05/05/2021 10:21 AM
Property Details for 8026 South Drexel Avenue
Status | Closed |
---|---|
MLS # | 10936883 |
Days on Market | 119 |
Taxes | $1,350 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family 5+ / Flats |
Year Built | 1926 |
Lot Size | 0.14 AC / 5,965 SF |
County | Cook County |
Location
Building Information for 8026 South Drexel Avenue
Stories-Residences6Year Built1926Building Size-Lot Size0.14 AC / 5,965 SF
Payment Calculator
$522 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 8026 South Drexel Avenue
Property History for 8026 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 8026 South Drexel Avenue
Taxable ValueLand$7,456Additions$6,543Total$13,999
Tax Record2022$2,879 ($240 / month)
Home Facts
Baths6Total Finished SqFt7,308 SqFtAbove Grade Finished SqFt7,308 SqFtStories3Lot Size5,965 SqFtStyleMulti-Family Res (5+ Units)Year Built1926CountyCOOKAPN20-35-108-021
Schools near 8026 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 - | K to 8 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Ashe Elementary School PublicPK to 8 | ||
Hirsch Metropolitan High School Public9 to 12 | ||
CICS Avalon CharterK to 8 | ||
Gary Comer College Prep Charter6 to 12 |
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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