Date
Details
Price
Change
Source
9/11/2025
Listed
$999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$999,000
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Property Description
Priced above 10 Cap Rate on current income! $107,593 income with one retail vacancy. Perfect Property For New And Experienced Investors! Don't miss out on this newly remodeled building that features 6 apartments and 8 retail/office storefronts equaling 14 income producing units. The 6 residential units are one 2bed/1bath, and five 1 bed/1bath. 5 apartment units have been renovated with individual gas forced heat and hot water heaters. 8 storefronts also have gas forced heat and central air. Tenant Pays cooking gas, heat, elec. Owner pays ins, tax, water. Conveniently located to Metra 79th St Station and Interstate. Walk into this deal with equity! Property located in a opportunity zone area so there are many city grants available. Located in up and coming Chatham and close to newly planned $9 Billion dollar Quantum Computer Campus.
Full Property Details
Full Property Details for 7900 S Drexel Ave
General
- Price: $999,000
- Taxes: $21,909 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12469752
- Updated: 9/18/2025
- Added to Site: 128 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: CHI - Chatham
- County: Cook
- Township: Hyde Park
- Driving Directions: South on Cottage Grove, East on 79th and South on Drexel.
- Location Details: Chicago Southwest
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual
- Heating Type: Forced Air, Gas
Utilities
- Trash: 1200
Structural Information
- Construction: Brick, Steel Siding, Glass
- Exterior Const.: Brick, Steel Siding, Glass
- Roof: Rubber
- Stories/Levels: 2
- Square Feet: 9,952
- # of Stores: 8
- Year Built: 1925
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
Lot Features
- Lot Size (Sq. Ft.): 7,841
- Lot Dimensions: 56 x 125
- Potential Use: Commercial, Office, Multi-Family, Retail
- Zoning: OTHER
Financial Considerations
- Insurance Fee: $14,500
- Operating Expenses: $59,003
- Other Fee: $1,000
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1925
- Tax Amount: $21,909
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Electric: 500
- Pays Trash: 1200
Disclosures and Reports
- Property ID: 20351010130000
Listed by Friedman Real Estate IL LLC
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Listing agent
— 7900 S Drexel Ave —
Friedman Real Estate IL LLC
NMLS#: 1598647
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Schools
Schools serving 7900 S Drexel Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ashe Elementary School 8505 South Ingleside Avenue, Chicago, IL 60619 | PK-8 | 0.8 mi |
Hirsch Metropolitan High School 7740 South Ingleside Avenue, Chicago, IL 60619 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7900 S Drexel Ave
Estimate the Cost
Estimate the Cost for 7900 S Drexel Ave
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- Single Family
- Active
- Updated 2 hours ago
- 5Beds
- 3Total Baths
- 1,738Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 2Total Baths
- 1,900Sq. Ft.
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- Single Family
- Active
- Updated 18 hours ago
- 4Beds
- 2Total Baths
- 1,700Sq. Ft.
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- Single Family
- Closed
- 5Beds
- 4Total Baths
- 3,800Sq. Ft.
Listed by Don Robinson
7900 S Drexel Avenue, Chicago, IL 60619 (MLS# 12469752) is a Commercial property. 7900 S Drexel Avenue is currently listed for $999,000 and was received on September 11, 2025. Want to learn more about 7900 S Drexel Avenue? Do you have questions about finding other Commercial real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.