$700,000

Estimated payment $4,329/month

Total Views 3
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

PROPERTY SHOWCASE 2/15 AT 1-3PM. Unlock the potential of this well maintained 6-unit multifamily building located on a desirable block of South Drexel. This solid income-producing building features long-term tenants providing immediate and consistent cash flow, plus two vacant units-a rare opportunity to set market rents and significantly increase NOI from day one. The building offers generously sized units throughout, providing comfortable living space and strong tenant appeal. This property presents a solid option for investors seeking a stabilized asset with built in upside potential. Conveniently located near transportation, shopping, and neighborhood amenities. Run the numbers, schedule your showing, and bring your offer.

Listing Agent

Kiera Morgan

Keller Williams Preferred Realty License #475201798 Listed on: 02/13/2026

Keller Williams Preferred Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,332

Year Built

  • Built in 1924

Lot Details

  • Lot Dimensions are 50x125
  • Additional Parcels

Additional Features

  • 3-Story Property
  • Central Heating

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $360
  • Insurance Expense $6,000
  • Maintenance Expense $2,000
  • Other Expense $1,200
  • Trash Expense $1,320
  • Water Sewer Expense $8,400
  • Operating Expense $72,000
  • Gross Income $130,800
  • Net Operating Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,332

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1924
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany
  • Estimated Age: Older
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Utilities

  • Heat/Ventilation: Central Heat/Indiv Controls

Fee Information

  • Trash Expense: 1320
  • Water Sewer Expenses: 8400

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 50X125

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 60000
  • Insurance Expense: 6000
  • ElectricExpense: 360
  • GrossIncome: 130800
  • Maintenance Expense: 2000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 72000
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 8331.5
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $2,110 $11,346 $1,150 $10,196
2024 $2,110 $11,346 $1,150 $10,196
2023 $2,057 $10,000 $1,917 $8,083
2022 $2,057 $10,000 $1,917 $8,083
2021 $2,011 $9,999 $1,917 $8,082
2020 $2,951 $13,247 $1,380 $11,867
2019 $2,945 $14,656 $1,380 $13,276
2018 $2,895 $14,656 $1,380 $13,276
2017 $2,997 $13,924 $1,226 $12,698
2016 $2,789 $13,924 $1,226 $12,698
2015 $2,552 $13,924 $1,226 $12,698
2014 $3,618 $19,502 $1,150 $18,352
2013 $3,547 $19,502 $1,150 $18,352
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/13/2026 02/13/26 For Sale $700,000 +45.8% --
10/05/2020 10/05/20 Sold $480,000 0.0% -- View Prior Sale
07/31/2020 07/31/20 Off Market $480,000 -- --
07/09/2020 07/09/20 Pending -- -- --
06/09/2020 06/09/20 For Sale $495,000 0.0% --
03/02/2020 03/02/20 Pending -- -- --
02/13/2020 02/13/20 For Sale $495,000 0.0% --
01/28/2020 01/28/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $495,000 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $202,500 Chicago Title
Warranty Deed $110,000 Chicago Title
Warranty Deed $33,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $221,000 Pntn
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $360,000 Credit Line Revolving
Previous Owner $176,800 New Conventional
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12568155

Midwest Real Estate Data (MRED)

APN: 20-35-121-026-1001