8212 S Drexel Avenue Chicago, IL ^$ 1,999,900

8212 S Drexel Avenue

^$ 1,999,900

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8212 S Drexel Avenue

Chicago, IL, 60619

^$ 1,999,900

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 13,292

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Multi-Family Home for sale in Chicago, IL

for $1,999,900 with 3 bedrooms. This home was built in 1927.

This is an incredible opportunity to own a beautiful building in Chatham! Building is in near perfect condition and has gone through extensive rehab, very little to do but sit back and collect rents! 26 units in total (Current unit mix is Nineteen 2 Bed/1 Bath, Five 1 Bed/1 Bath, and 2 legal garden units). Fully rented building with good tenants brings in over $26K per month! Around 70% of the units are rehabbed to condo quality. Roof and building mechanicals less then 10 years old. Walking distance to the 79th Street Metra station. Don't miss out on this incredible investment opportunity!

Multi-Family Active

Price

^$ 1,999,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 29,432

Style

Year Built

1927

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11953628

Features

General

Possession Closing

Zoning MULTI

Year Built 1927

Tenant Pays Electricity

Stories 4

Township Hyde Park

Tax Year 2022

Gross Income 312792

County Cook

Net Operating Income 181441

Operating Expense 131351

Insurance Expense 18544

Property Type Commercial Sale Multi Family 5+

Status Active

Directions 79th Street East of Cottage Grove turn south on Drexel. 3 blocks to property on the right.

City Chicago

NumberOfUnitsTotal 26

MLS Area CHI - Chatham

Street Name Drexel

Tax Annual Amount 29432

Electric Expense 7122

Fuel Expense 26587

Trash Expense 1700

Water Sewer Expense 21219

Additional Parcels Y/N N

Days on Market 120

Standard Status Active

Exterior

Lot Dimensions 100' X 124'

Interior

Street Suffix Avenue

Basement Unfinished

* Excluded Features

List By

Coldwell Banker Real Estate Group

Broker

brian@coldwellhomes.com

Affordability Calculator

$15,745

Per Month

Monthly Principal & Interest: $13,292
Monthly Property Taxes: $2,453
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$645,665

Percent of Sale Price 68%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/1/2024	$1,999,900		Listed Price

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8212 S Drexel Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $1,999,900. 8212 S Drexel Avenue has 3 bedrooms, 0.0 baths, and was built in 1927. The property's zip code is 60619 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 6/5/2024.

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8212 S Drexel Avenue

Multi-Family Home for sale in Chicago, IL

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