Chicago, IL 60619 8211 S Drexel Avenue
$399,900



9 more









Presented By: Ware Realty Group, LLC
Home Details
Six-unit multifamily property located in the Chatham neighborhood on Chicago's South Side. The property consists of three 1-bedroom/1-bath units and three 2-bedroom/1-bath units. Each unit features separate living and dining areas. The building includes a detached four-car garage located at the rear of the property. All units are currently occupied. Tenancy is month-to-month. Current rental rates are below prevailing market levels for comparable units in the immediate area. The property is situated within close proximity to neighborhood retail corridors, public transportation options, and major arterial roadways, providing convenient access to downtown Chicago and surrounding employment centers. Asset offers rental growth potential through interior updates and market repositioning.
Presented By: Ware Realty Group, LLC
General for 8211 S Drexel Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
ContingencyAttorney/Inspection
CoolingNone
CountyCook
Current UseMulti-Family
DirectionsFrom Cottage Grove - North or South to Cottage Grove to 82nd Street (one way going East) to Drexel then to address
ElectricSeparate Meters
Electric Expense600
Fuel Expense12456
Gross Income5332
Insurance Expense8560
Lot Size Square Feet5552
MLS AreaCHI - Chatham
MaintenanceExpense
Net Operating Income12488
Number Of Units Total6
Operating Expense35151
PossessionClosing
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofTar/Gravel
Standard StatusActive Under Contract
StatusContingent
Stories Count3
Tax Annual Amount5064
Tax Year2024
Tenant PaysElectricity
Trash Expense5651
Water Sewer Expense2820
Year Built1928
ZoningMULTI
Exterior for 8211 S Drexel Avenue
Building Area Total7860
BuyerOfficeFax(888) 317-3656
Foundation DetailsBrick/Mortar
Frontage TypeCity Street
Lot Dimensions44.4 x 125
Lot Size Acres0.13
Additional Details
Price History

SQFT • 7,860