7900 South Drexel Avenue
$799,000
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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...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.
- Listed by Anthony Hardy • Keller Williams ONEChicago
- Listed by Travis Montgomery • Keller Williams ONEChicago
Property Details for 7900 South Drexel Avenue
Area
CHI - Chatham
TownshipHyde Park
ZoningOTHER
LISTING UPDATED: 10/27/2024 12:25 AM
Property Details for 7900 South Drexel Avenue
Status | Active |
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MLS # | 12152196 |
Days on Market | 127 |
Taxes | $21,901 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1925 |
Lot Size | 0.18 AC / 7,841 SF |
County | Cook County |
Building Information for 7900 South Drexel Avenue
Stories2Residences15Year Built1925Lot Size0.18 AC / 7,841 SF
Property Information for 7900 South Drexel Avenue
Property History for 7900 South Drexel Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 7900 South Drexel Avenue
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
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Ashe Elementary School PublicPK to 8 | ||
Hirsch Metropolitan High School Public9 to 12 | ||
Gary Comer College Prep Charter6 to 12 | ||
CICS Avalon CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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