This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
8212 S Drexel Avenue, Chicago, IL 60619
$1,999,900
8212 S Drexel Avenue, Chicago, IL 60619View this property at 8212 S Drexel Avenue, Chicago, IL 60619
8212 S Drexel AvenueChicagoIL60619
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
Property Description
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!
Full Property Details
Full Property Details for 8212 S Drexel Ave
General
- Price: $1,999,900
- HOA FEE: $4,765
- Taxes: $29,432 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 11953628
- Updated: 1/19/2024
- Added to Site: 119 day(s) ago
Location
- Area: CHI - Chatham
- County: Cook
- Township: Hyde Park
- Driving Directions: 79th Street, East of Cottage Grove, turn south on Drexel. 3 blocks to property on the right.
Heating & Cooling
- Heating Type: Central Building Heat, Gas, Radiators, Steam
Utilities
- Trash: 1700
Structural Information
- Stories/Levels: 4
- Year Built: 1927
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 100' x 124'
- Zoning: MULTI
Financial Considerations
- Maint. Fee: $4,765
- Insurance Fee: $18,544
- Operating Expenses: $131,351
- Other Fee: $2,880
- Assessment Year: 1927
- Tax Amount: $29,432
- Tax Year: 2022
- Tenant Pays: Electricity
- Pays Electric: 7122
- Pays Trash: 1700
Disclosures and Reports
- Property ID: 20351210200000
Listed by Coldwell Banker Real Estate Group
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 8212 S Drexel Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
8505 S Ingleside Ave, Chicago, IL 60619 | PK-8 | 0.4 mi | |
7740 S Ingleside Ave, Chicago, IL 60619 | 9-12 | 0.6 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 8212 S Drexel Ave
Date
Details
Price
Change
Source
1/01/2024
Listed
$1,999,900
66.66%
MLS
3/28/2019
Sold
$1,200,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 8212 S Drexel Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$29,432
2%
$143,094
—
2021
$28,775
16%
$143,094
29%
2020
$24,730
11%
$111,011
—
2019
$22,303
2%
$111,011
—
2018
$21,928
5%
$111,011
25%
2017
$20,856
126%
$88,800
93%
2016
$9,213
9%
$46,000
—
2015
$8,429
-35%
$46,000
-34%
2014
$12,938
2%
$69,733
—
2013
$12,683
1%
$69,733
—
2012
$12,513
—
$69,733
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 8212 S Drexel Ave
8212 S Drexel Avenue, Chicago, IL 60619 (MLS# 11953628) is a Commercial property. 8212 S Drexel Avenue is currently listed for $1,999,900 and was received on January 01, 2024. Want to learn more about 8212 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.