$299,000
8620 S Drexel Avenue
Chicago, IL, 60619
Discover an extraordinary investment opportunity in the heart of Chatham with this classic Chicago-style brick six-unit building. Each unit features 2 bedrooms and 1 bathroom, offering a versatile layout perfect for a variety of tenants. This property is brimming with potential, awaiting your vision to restore it to its former glory. Key Features: Prime Location: Situated in the vibrant Chatham neighborhood, known for its strong community and rich history. Spacious Units: Six well-designed 2-bedroom, 1-bathroom units. Investment Potential: Ideal for renovation and value-add strategies, offering substantial ROI. AFTER REHAB VALUE $500K+ Vacant Units Available for Viewing: Two units are currently vacant and available for showing. Please respect tenant privacy in occupied units. Important Details: Buyer Responsibility: The buyer is responsible for addressing city code violations. As-Is Sale: The property is being sold in as-is, where-is condition. Additional Information: For more details, please refer to the “Additional Information” tab in the MLS. This is a rare opportunity for serious investors to acquire a property with significant upside potential. Bring your ideas and expertise to transform this distressed asset into a prized income-producing property.
Property Details
Price:
$299,000
MLS #:
MRD12059340
Status:
Active
Beds:
0
Baths:
0
Address:
8620 S Drexel Avenue
Type:
Commercial
City:
Chicago
Listed Date:
May 17, 2024
State:
IL
Finished Sq Ft:
8,544
ZIP:
60619
Lot Size:
6,300 sqft / 0.14 acres (approx)
Year Built:
1932
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick
Financial
Buyer Agent Compensation
2%-$395Net Sale Price
HOA Includes
None
Tax Year
2021
Taxes
$4,826
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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8620 S Drexel Avenue
Chicago, IL
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