Rafay Qamar
Real Broker LLC
(833) 359-9113
1,072 Total Sales
2 in Grand Crossing
$155K - $274K Price Range
7626 S Drexel Ave Chicago, IL 60619
Grand Crossing Neighborhood
32
Beds
13
Baths
--
Sq Ft
6,098
Sq Ft Lot
About This Home
As of September 2023Unique opportunity to acquire a cash-flowing asset that realizes an 8.6 % cap rate with offered chance to use the existing managing company. Full occupancy! Long-term tenants. Desired 13 units brick building with Nine 2B/1Ba, Three 3B/1Ba, and One 5Bd/1Ba extra-spacious apartment! The building underwent a complete renovation in 2017. Hardwood floors throughout, spacious rooms, new windows, updated kitchens with granite countertops, and modern baths. Separate heat for every unit. Updated electric, 100% copper plumbing, and threaded and sealed newer rear porch system. Everything is up to the New Code. Exterior safety camera. Washers and dryers in the basement are free for tenants. Excellent location in Chicago's Grand Crossing neighborhood is next to expressway I-90 highway, Red Line train station, Grand Crossing Park, and shopping!
Last Agent to Sell the Property
Angela Mana
Barr Agency, Inc License #475188228 Listed on: 03/16/2023
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,923
Year Built
- Built in 1927
Lot Details
- 6,098 Sq Ft Lot
- Lot Dimensions are 50 x 125
Home Design
- Garden Apartment
- Brick Exterior Construction
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 32 Bedrooms
- 13 Bathrooms
Additional Features
- 3-Story Property
- Floor Furnace
Listing and Financial Details
- Tenant pays for electricity, heat
Community Details
Overview
- 13 Units
Building Details
- Electric Expense $6,709
- Fuel Expense $5,068
- Insurance Expense $5,138
- Maintenance Expense $4,109
- Other Expense $755
- Trash Expense $4,299
- Water Sewer Expense $5,500
- Operating Expense $53,592
- Gross Income $181,536
- Net Operating Income $127,943
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 19, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,500
Outstanding Balance
$846,086
Interest Rate
5.39%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 22, 2021
Sold by
Bought by
Purchase Details
Closed on
Aug 4, 2020
Sold by
Bought by
Purchase Details
Closed on
Jun 27, 2016
Sold by
Bought by
Purchase Details
Closed on
Sep 11, 2015
Sold by
Bought by
Purchase Details
Closed on
Aug 26, 2015
Sold by
Bought by
Purchase Details
Closed on
Mar 11, 2014
Sold by
Bought by
Purchase Details
Closed on
Jan 9, 2013
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Grand Crossing, IL
-
Rafay Qamar
-
Autoria Morrow
Autoria Morrow
A Morrow Properties
(855) 724-1809
45 Total Sales
1 in Grand Crossing
$172,000 Price
-
Jose Cortez
Jose Cortez
Responds QuicklyGolden Enterprise Realty Inc
(866) 598-2035
88 Total Sales
1 in Grand Crossing
$209,000 Price
-
Lisa Magidson
Lisa Magidson
North Clybourn Group, Inc.
(888) 367-2916
143 Total Sales
2 in Grand Crossing
$70K - $110K Price Range
-
Mia Huth
Mia Huth
@properties Christie's International Real Estate
(844) 727-3241
18 Total Sales
1 in Grand Crossing
$268,000 Price
-
Marsha Green
Marsha Green
Real People Realty
(708) 934-0761
87 Total Sales
1 in Grand Crossing
$137,500 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,350,000 | None Listed On Document | ||
| -- | Attorney | ||
| -- | None Available | ||
| $120,000 | Chicago Title | ||
| $65,000 | Chicago Title Land Trust Co | ||
| $35,000 | None Available | ||
| $110,000 | Ctcc | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $877,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/15/2023 09/15/23 | Sold | $1,350,000 | -9.4% | -- |
| 04/11/2023 04/11/23 | Pending | -- | -- | -- |
| 03/16/2023 03/16/23 | For Sale | $1,490,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,805 | $134,201 | $7,813 | $126,388 |
| 2024 | $18,805 | $134,201 | $7,813 | $126,388 |
| 2023 | $18,332 | $89,128 | $9,375 | $79,753 |
| 2022 | $18,332 | $89,128 | $9,375 | $79,753 |
| 2021 | $17,923 | $89,128 | $9,375 | $79,753 |
| 2020 | $14,066 | $63,143 | $9,375 | $53,768 |
| 2019 | $13,288 | $66,138 | $9,375 | $56,763 |
| 2018 | $2,973 | $15,051 | $9,375 | $5,676 |
| 2017 | $2,677 | $12,437 | $7,500 | $4,937 |
| 2016 | $2,491 | $12,437 | $7,500 | $4,937 |
| 2015 | $3,175 | $17,325 | $7,500 | $9,825 |
| 2014 | $2,797 | $15,074 | $4,687 | $10,387 |
| 2013 | $10,299 | $56,626 | $4,687 | $51,939 |
Source: Public Records
Agents Affiliated with this Home
-
A
Seller's Agent in 2023
Angela Mana
Barr Agency, Inc
-
Keisha Harrison
K
Buyer's Agent in 2023
Keisha Harrison
KBM Realty
(773) 885-6417
3 in this area
35 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11738811
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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