NOT LISTED FOR SALE

8251 S Drexel Ave Chicago, IL 60619

Grand Crossing Neighborhood
24 Beds
12 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold March 28, 2016

Last sale price $200,000

22 Days on Market

About This Home

As of March 2016

Excellent turnkey investment opportunity. This brick greystone features 6 fully occupied 2 bedroom / 1 bath units and a 5-car brick garage. Each apartment has a formal dining room, eat-in kitchen, enclosed porch and individually metered heating and electric. The property is in excellent condition and being sold as-is.

Last Agent to Sell the Property

Les Robinson

Baird & Warner License #475113684 Listed on: 12/28/2015

Baird & Warner

Last Buyer's Agent

Rachel Lavin

The Sokol Group License #475141025

Property Details

Home Type

  • Multi-Family

Year Built

  • 1925

Lot Details

  • 6,098

Home Design

  • Brick Exterior Construction

Utilities

  • Window Unit Cooling System

Additional Features

  • Unfinished Basement

Community Details

  • Fuel Expense $2,100
  • Insurance Expense $4,100

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Year Built

1925

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Limited Liability Corp
  • Potential Use: Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2015
  • Net Oper Income: 32342
  • Roof Structure: Flat
  • Scavenger Expense: 1776
  • Total Annual Exp: 14458
  • Total Annual Income: 46800
  • Total Monthly Income: 3900
  • Leased Washer Dryer: Yes
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 4
  • Number Of Stories: 6
  • Estimated Year Built: 1925
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 6
  • Year Built: 1925

Interior Features

  • Basement: Unfinished

Exterior Features

  • Exterior Building Type: Brick
  • Acreage: 0.14
  • Construction: Brick

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 5

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Central Heat/Indiv Controls, Separate Per Unit
  • Water Expense: 1380

Condo/Co-op/Association

  • Units in Building: 6

Fee Information

  • Electricity Expense: 480

Lot Info

  • Lot Dimensions: 50X125
  • Lot Sq Ft: 6250
  • Parcel Identification Number: 20351220130000

Rental Info

  • Gross Rental Income: 3900
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2015
  • Fuel Expense: 2100
  • Insurance Expense: 4100
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 4622

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2016 03/28/16 Sold $200,000 -20.0% --
01/19/2016 01/19/16 Pending -- -- --
12/28/2015 12/28/15 For Sale $250,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Les Robinson

    Baird Warner

    Section Image

  • R

    Buyer's Agent in 2016

    Rachel Lavin

    The Sokol Group

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09106401

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago 60619 Grand Crossing

8251 S Drexel Ave, Chicago, IL

This home is located at 8251 S Drexel Ave, Chicago, IL 60619 since 28 December 2015. This property was built in 1925. 8251 S Drexel Ave is a home located in Cook County with nearby schools including Ashe Elementary School, Emil G. Hirsch Metropolitan High School, and CICS Avalon.

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