Chicago, IL 60619 8237 S Drexel Avenue
$400,000
Sold: Apr 11, 2025
31 more
Presented By: Paragon Property Management
SQFT • 4,680
Home Details
Amazing 5-unit property in the Chatham neighborhood! This fully occupied professionally managed building is in great condition and very well-maintained. This property consists of 2bed/1bath and 1bed/bath units with all units in great condition. The units feature luxury vinyl plank flooring and are all equipped with a refrigerator and stove. This property is perfect for the savvy investor to start collecting rent immediately as the property is occupied with great tenants in place!
Presented By: Paragon Property Management
General for 8237 S Drexel Avenue
Additional Parcels Y/NNo
Cap Rate11.6
CityChicago
Close Price400000
Construction MaterialsBrick
CoolingNone
CountyCook
DirectionsStarting at the intersection of S Cottage Grove Ave and E 82nd St, head east on E 82nd St Until you reach S Drexel Ave, then head south onto S Drexel Ave
Electric Expense481
Fuel Expense964
Gross Income56880
Insurance Expense4372
MLS AreaCHI - Chatham
MaintenanceExpense1194
ModificationTimestamp2025-04-15T08:02:07.875Z
Net Operating Income46598
Number Of Units Total5
Operating Expense15502
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusClosed
StatusClosed
Stories3
Tax Annual Amount3205
Tax Year2023
Tenant PaysElectricity, Heat, Sewer
TownshipHyde Park
Trash Expense2379
Water Sewer Expense1767
Year Built1964
Interior for 8237 S Drexel Avenue
BasementUnfinished
Total Fireplaces0
Exterior for 8237 S Drexel Avenue
Building Area Total4680
Lot Dimensions4125
Additional Details
Price History
