About 7900 South Drexel Avenue
Priced above 10 Cap Rate on current income! $107,593 income with one retail vacancy. Perfect Property For New And Experienced Investors! Don't miss out on this newly remodeled building that features 6 apartments and 8 retail/office storefronts equaling 14 income producing units. The 6 residential units are one 2bed/1bath, and five 1 bed/1bath. 5 apartment units have been renovated with individual gas forced heat and hot water heaters. 8 storefronts also have gas forced heat and central air. Tenant Pays cooking gas, heat, elec. Owner pays ins, tax, water. Conveniently located to Metra 79th St Station and Interstate. Walk into this deal with equity! Property located in a opportunity zone area so there are many city grants available. Located in up and coming Chatham and close to newly planned $9 Billion dollar Quantum Computer Campus.
Features of 7900 South Drexel Avenue
| MLS® # | 12469752 |
|---|---|
| Price | $999,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1925 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 7900 South Drexel Avenue |
|---|---|
| Area | CHI - Chatham |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60619 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Central Air, Central Individual |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick, Steel Siding, Glass |
|---|---|
| Roof | Rubber |
Additional Information
| Days on Market | 35 |
|---|---|
| Zoning | OTHER |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Friedman Real Estate IL LLC |
|---|---|
| Contact Info | 773-213-0296 |