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8212 S Drexel Avenue

Chicago, Illinois 60619


David Urbaniak
773.772.0200

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$1,350,000

David Urbaniak
773.772.0200
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Property Type
Multiple Family
Neighborhood
Chatham


This is the best large multi-unit building on the market in hot Chatham. Its fully stabilized and STILL represents a great upside by converting some of the one bdrm units to two bdrm units and by converting the tenant base to CHA-vouchered tenants over time. (Only one section 8 tenant currently.) Current owner has polished this gem and made it shine. Professionally managed and maintained. Roof, hot water tank, furnace and more all updated. In turn-key shape. Taxes have been successfully appealed. Currently grossing over $203K and $218K is easily achieved.



Full Features
Exterior Type: Brick,Stone
Basement: Unfinished
First Floor Master Bedroom: No
Fireplace: No
Pool: No
Square Feet: N/A
Tax Amount: $8,555
Built: 1927
Stories: 4
Current Use: Residential-Multi-Family
Zoning: MULTI
Current Net Income: $21,810
Unit 1: 4 room(s) / 1 bed(s) / 1 bath(s)
Unit 2: 5 room(s) / 2 bed(s) / 1 bath(s)
Unit 3: 3 room(s) / 0 bed(s) / 1 bath(s)


Taxes & Assessments
Taxes: $8,555

Listing information updated today (12/15/2017)


Chatham

Chatham is part of the Chicago South Side. Situated just south of Chicago's Loop, Chicago South has experienced rapid development in recent years, particularly in the South Loop neighborhood. Chicago South offers a wide range of housing styles, including new…

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Nearby Public Transportation

Metra
Metra Electric Main Branch, Metra Electric South Chicago Branch, Rock Island District, South Shore

at Avalon Park Metra (0.25 miles away), Stony Island Metra, Gresham Metra, 63rd Street and others







8212 S Drexel Avenue Chicago, Illinois 60619 is a multiple family property, currently listed at $1,350,000. Want to learn more about 8212 S Drexel Avenue Chicago, Illinois 60619? Contact an @properties agent to request more info.