Property Description

This classic Chicago courtyard building consists of twenty four (24) above ground units and one (1) basement unit. The unit mix consists of seventeen large (LR/DR) one (1) bedroom units (can be converted to two beds) and eight (8) large studio’s (can be converted to one beds). Value add component through improving units, raising rents, tax reduction and 70/30 market rate tenants to voucher tenants.

Address Map
Address Location
US
IL
Chicago
60619
Drexel
8151
Ave
Unit Mix Information
0+1
8
$550.00
1+1
17
$750.00
Traffic Information
S Cottage Grove Ave
20,067
2012
E 83rd St
10,600
2017
Public Transportation
83rd Street
1 min
0.30 mi
79th Street
3 min
0.60 min
Gresham Station
9 min
2.90 mi
Brainerd Station
12 min
3.80 mi
Midway
28 min
16.90 mi
O'Hare
38 min
28.40 mi

8151 S Drexel Ave Chicago, IL 60619

8151 Drexel Ave, Chicago, Illinois 60619

16,250 Sqft
$850,000
Listing ID #1060
Property Details
Listing Type : For Sale Listing
Property Type : Multifamily
Price : $850,000
Property Sub-type : Apartments
Listing ID : 1060
Building Class : C
Zoning : R-3
Sale Type : Investment
Cap Rate : 9.53%
Building Size : 16,250 Sqft
No. Stories : 4
Year Built : 1928
Lot Area : 0.28 Sqft
APN / Parcel ID : 20-35-116-010-0000
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