Chicago, IL 60619 8226 S Drexel Avenue
$695,000
21 more
Presented By: Keller Williams Preferred Realty
Beds • 20
Home Details
Set on a solid South Side block, this well-maintained 6-Unit offers the kind of immediate income + value-add upside investors chase. Four units are occupied by long-term tenants for steady in-place cash flow, while two units are vacant, giving you the rare ability to renovate, set market rents, and drive NOI from day one. Units feature generous layouts that support strong tenant demand, and the location keeps you close to everyday conveniences and public transportation-making this a smart play for buyers looking for a stabilized asset with built-in rent-growth potential. Run your numbers, schedule your private tour, and bring your best offer!
Presented By: Keller Williams Preferred Realty
General for 8226 S Drexel Avenue
Additional Parcels Y/NNo
CityChicago
ContingencyAttorney/Inspection
CountyCook
DirectionsFrom 83rd St, head north on Drexel Ave to 8226 S Drexel Ave (east of Cottage Grove Ave, west of Stony Island Ave)
Electric Expense360
Fuel Expense
Gross Income130800
Insurance Expense6000
MLS AreaCHI - Chatham
MaintenanceExpense2000
Net Operating Income60000
Number Of Units Total6
Operating Expense72000
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive Under Contract
StatusContingent
Stories Count3
Tax Annual Amount8331.5
Tax Year2024
Trash Expense1320
Water Sewer Expense8400
Year Built1924
Exterior for 8226 S Drexel Avenue
Lot Dimensions50X125
Additional Details
Price History
