8139 S Drexel Avenue
Chicago, IL 60619

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Description

Fully rehabbed, turnkey six-unit building in booming Chatham. 6 3-bed/2-bath units. Listed at an 11 CAP with long-term appreciation, low expenses, and strong cash flow

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60619
• Year Built: 1928
• Sq.Ft.: 8,553 sq ft
• Stories: 3
• Units: 6 units
• Basement: Unfinished
• Fireplace: 6
• Lot Size: 12632 sq ft lot
• Zoning: MULTI
• # Of Dishwashers: 6
• # Of Dryers: 2
• # Of Ranges: 6
• # Of Refrigs: 6
• # Of Washers: 2
• Approximate Age: Older
• Building Area Total: 8553
• Built Before 1978 (Y/N): Yes
• Cap Rate: 11
• Construction Materials: Brick
• Cooling: Central Air
• Directions: 79th East to Drexel, south on Drexel to 81st Street.
• Electric: Service - 201 to 600 Amps
• Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors
• Gross Income: 142000
• Gross Rent Multiplier: 7
• Gross Scheduled Income: 142000
• Heat/Ventilation: Gas
• Information: 24-Hr Notice Required, 48-Hr Notice Required
• Known Encumbrances: None Known
• Lot Size Square Feet: 6250
• Main Type: Commercial Sale
• Misc Inside: Laundry Room
• Operating Expense: 30000
• Ownership Type: Individual
• Tax Annual Amount: 7500
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 11856
• Township: Hyde Park
• Type Multi-Family: Flats