8212 South Drexel Avenue

Chicago, IL 60619

$1,999,900
Price
43
Beds
26
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This is an incredible opportunity to own a beautiful building in Chatham! Building is in near perfect condition and has gone through extensive rehab, very little to do but sit back and collect rents! 26 units in total (Current unit mix is Nineteen 2 Bed/1 Bath, Five 1 Bed/1 Bath, and 2 legal garden units). Fully rented building with good tenants brings in over $26K per month! Around 70% of the units are rehabbed to condo quality. Roof and building mechanicals less then 10 years old. Walking distance...This is an incredible opportunity to own a beautiful building in Chatham! Building is in near perfect condition and has gone through extensive rehab, very little to do but sit back and collect rents! 26 units in total (Current unit mix is Nineteen 2 Bed/1 Bath, Five 1 Bed/1 Bath, and 2 legal garden units). Fully rented building with good tenants brings in over $26K per month! Around 70% of the units are rehabbed to condo quality. Roof and building mechanicals less then 10 years old. Walking distance to the 79th Street Metra station. Don't miss out on this incredible investment opportunity!
  1. Listed by Brian Ruff • Coldwell Banker Real Estate Group

Property Details for 8212 South Drexel Avenue

Area
CHI - Chatham
Township
Hyde Park
Zoning
MULTI

Location

Listing Courtesy of Coldwell Banker Real Estate Group
Add your commute
LISTING UPDATED: 04/30/2024 11:19 AM

Property Details for 8212 South Drexel Avenue

StatusActive
MLS #11953628
Days on Market123
Taxes$29,432 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Courtyard
Year Built1927
Lot Size0.28 AC / 12,400 SF
CountyCook County

Location

Listing Courtesy of Coldwell Banker Real Estate Group
Add your commute

Building Information for 8212 South Drexel Avenue

Stories-Residences26Year Built1927Building Size-Lot Size0.28 AC / 12,400 SF

Payment Calculator

$13,367 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,914

Property Taxes

$2,453

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8212 South Drexel Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Information: List Broker Must Accompany,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Basement Description: Unfinished
  • Heat/Ventilation: Central Bldg Heat,Gas,Radiators,Steam
  • Num of Baths: 26.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Courtyard
  • Lot Dimensions: 100' X 124'
  • Stories: 4
  • MRD_UNC: No
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 0
  • Photos Count: 24
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 26
Income & Expenses
  • Electric Expense: $7,122.00
  • Fuel Expense: $26,587.00
  • Gross Income: $312,792.00
  • Gross Scheduled Income: $312,792.00
  • Insurance Expense: $18,544.00
  • Maintenance Expense: $4,765.00
  • Manager Expense: $10,400.00
  • Expense Year: 2022
  • Total Annual Expense Source: Actual
  • Janitor Expense: 8700
  • Total Monthly Income: 26066
  • Net Operating Income: $181,441.00
  • Operating Expense: $131,351.00
  • Other Expense: $2,880.00
  • Trash Expense: $1,700.00
  • Water Sewer Expense: $21,219.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 19
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 5
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 8212 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 8212 South Drexel Avenue

Taxable ValueLand$18,750Additions$124,344Total$143,094
Tax Record2022$29,432 ($2,453 / month)
Home Facts
Stories3Lot Size12,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1927CountyCOOKAPN20-35-121-020

Schools near 8212 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 - 10 to 11
Rating
School
Distance
Ashe Elementary School
PublicPK to 8

Hirsch Metropolitan High School
Public9 to 12

CICS Avalon
CharterK to 8

YCCS Chtr - Chatham
Charter10 to 11

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.

Similar Homes

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8212 South Drexel Avenue is a multi-family home for sale in Chicago, IL 60619. This property was listed for sale on January 1, 2024 by Coldwell Banker Real Estate Group, it's currently listed at $1,999,900. It has been on the market for a total of 123 days and was last sold on March 28, 2019. This listing's school district is City Of Chicago School District 299. Nearby schools include Ashe Elementary School, Hirsch Metropolitan High School and CICS Avalon. 8212 South Drexel Avenue is a 43-bed, 26-bath, multi-family home built in 1927.

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.

Listing Courtesy of Coldwell Banker Real Estate Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance 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, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance 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. Based on information submitted to the MLS GRID as of 04/30/2024 11:19 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.