7900 South Drexel Avenue, Chicago, IL

$999,000

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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

OfficeFriedman Real Estate IL LLC
Contact Info773-213-0296

Listing Map

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