Property for Sale: 7900 S Drexel, Chicago, IL 60619

$799,000
$799,000
7900 S Drexel, Chicago, IL 60619
$799,000
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Price:
$799,000
$66,000 - 10/21/2024

Type Commercial
Year Built 1925

City Chicago
County Cook

MLS 12152196
Status Active
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.

Lot & Building Features

Construction Brick, Steel Siding
Cooling Central Air, Central Individual
Tax Year 2023
Lot Dimensions 56 X 125 ft

Price History of 7900 Drexel, Chicago, IL

Date Name Price Difference
10/21/2024 Price Adjustment $799,000 7.63%
09/19/2024 Price Adjustment $865,000 3.10%
12/31/1969 Listing Price $839,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Christopher Butler
Direct: 708-601-1516
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Keller Williams ONEChicago, Anthony Hardy & Travis Montgomery
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7900 Drexel (MLS #12152196) is a commercial listing located in Chicago, IL. This property was listed on 08/30/2024 and has been priced for sale at $799,000.

Nearby zip codes are 60617, 60620, 60637 and 60649.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Keller Williams ONEChicago