7900 S Drexel AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60619
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,952 sqft
Price per Sqft $100
MLS Listing ID 12469752
Year Built 1925
Annual Tax Amount $21,909
Tax Year 2023
Lot Dimensions 56 X 125
Property Sub-Type Mixed Use
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.
Location
State IL
County Cook
Area Chi - Chatham
Zoning OTHER
Interior
Cooling Central Air,Central Individual
Fireplace N
Exterior
Roof Type Rubber
Building
Dwelling Type Mixed Use
Structure Type Brick,Steel Siding,Glass