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7841 S Drexel Avenue, Chicago, IL 60619
$250,000
7841 S Drexel Avenue, Chicago, IL 60619View this property at 7841 S Drexel Avenue, Chicago, IL 60619
7841 S Drexel AvenueChicagoIL60619
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Property Description
Amazing cash flow potential from this all-brick 4-unit building in Chatham boasting excellent maintenance and a fully fenced-in lot. The units feature hardwood flooring and fresh paint, and each has its own furnace. The property presents a great investment opportunity, with projected rents of $1,000+ for the two-bedroom units and $1,200+ for the three-bedroom units. It is being sold AS-IS and requires a conventional loan or cash payment. Some units need rehab. This property is also being offered as a portfolio sale along with 321 W 59th PL (MLS# 11771786), and 8122 S Evans (MLS# 11771960).
Full Property Details
Full Property Details for 7841 S Drexel Ave
General
- Sold For: $250,000
- Taxes: $4,021 (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: 11857179
- Added to Site: 261 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 9
Additional Information
- Other Features: Commuter Bus, Commuter Train
Exterior
- Exterior Features: Porch, Storms/Screens
Parking
- Parking Type: None
Location
- Area: CHI - Greater Grand Crossing
- County: Cook
- Driving Directions: From the Dan Ryan go East to Drexel turn Left (N) to the property.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Lake Michigan, Public
Structural Information
- Exterior Const.: Brick
- Basement Desc.: Full
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Tar and Gravel
- Year Built: 1907
- Built Before 1978: Yes
- Remodeled/Updated: 2016
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 0.12
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 44 x 125
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1907
- Tax Amount: $4,021.82
- Tax Year: 2021
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20263190150000
Listed by Compass
Sold by Baird & Warner
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Schools
Schools serving 7841 S Drexel Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
7350 S Evans Ave, Chicago, IL 60619 | PK-8 | 0.7 mi | |
7740 S Ingleside Ave, Chicago, IL 60619 | 9-12 | 0.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7841 S Drexel Ave
Date
Details
Price
Change
Source
10/31/2023
Sold
$250,000
—
MLS
8/10/2023
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7841 S Drexel Avenue, Chicago, IL 60619 (MLS# 11857179) is a Multi-Family property that was sold at $250,000 on October 31, 2023. Want to learn more about 7841 S Drexel Avenue? Do you have questions about finding other Multi-Family real estate for sale in Greater Grand Crossing? You can browse all Greater Grand Crossing real estate or contact a Coldwell Banker agent to request more information.