Bought with Keisha Harrison of KBM Realty
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7626 S Drexel AVE Chicago, IL 60619
6,098 Sqft Lot
Key Details
Sold Price -
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11738811
Sold Date -
Year Built 1927
Annual Tax Amount $17,923
Tax Year 2021
Lot Size 6,098 Sqft
Lot Dimensions 50 X 125
Property Sub-Type Multi Family 5+
Property Description
Unique opportunity to acquire a cash-flowing asset that realizes an 8.6 % cap rate with offered chance to use the existing managing company. Full occupancy! Long-term tenants. Desired 13 units brick building with Nine 2B/1Ba, Three 3B/1Ba, and One 5Bd/1Ba extra-spacious apartment! The building underwent a complete renovation in 2017. Hardwood floors throughout, spacious rooms, new windows, updated kitchens with granite countertops, and modern baths. Separate heat for every unit. Updated electric, 100% copper plumbing, and threaded and sealed newer rear porch system. Everything is up to the New Code. Exterior safety camera. Washers and dryers in the basement are free for tenants. Excellent location in Chicago's Grand Crossing neighborhood is next to expressway I-90 highway, Red Line train station, Grand Crossing Park, and shopping!
Location
State IL
County Cook
Interior
Fireplace N
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
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