$799,000
7900 S Drexel Avenue Chicago, IL 60619
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$799,000
Est. payment /mo
9,952 SqFt
Price Dropped by $66K
7900 S Drexel Avenue Chicago, IL 60619
UPDATED:
10/27/2024 05:25 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,952 sqft
Price per Sqft $80
MLS Listing ID 12152196
Year Built 1925
Annual Tax Amount $21,901
Tax Year 2023
Lot Dimensions 56 X 125
Property Description
This newly remodeled mixed-use building presents a unique investment opportunity with 14 income-producing units, comprising 6 residential apartments and 8 retail/office storefronts. Residential Units: Total: 6 units Configuration: (5) 1 bed/1 bath units and (1) 2 bed/1 bath unit Retail/Office Storefronts: Total: 8 units Features: Gas, forced heat, and central air Location & Accessibility The property is conveniently located close to Metra 79th St Station Interstate highway Investment Potential Opportunity Zone: Situated in an Opportunity Zone, this property qualifies for various city grants, providing additional financial incentives for investors. Community and Amenities: With its prime location, ample amenities, and a strong sense of community, this property is poised for consistent occupancy and income generation. Building Condition: The building violations with the City of Chicago have been mostly cleared, with the exception of four violations that the owner is actively working on resolving. 7900 S Drexel Ave is a strategically located, newly remodeled mixed-use asset offering significant income potential and long-term growth. Its residential and commercial units, combined with the benefits of being in an Opportunity Zone, make it an excellent investment for those seeking robust returns in the Chicago real estate market. Don't miss the chance to capitalize on this prime investment opportunity.
Location
State IL
County Cook
Zoning OTHER
Interior
Cooling Central Air, Central Individual
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Building
Structure Type Brick,Steel Siding
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Anthony Hardy • Keller Williams ONEChicago
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