
8425 S Drexel Ave Chicago, IL 60619
Grand Crossing NeighborhoodEstimated payment $2,868/month
About This Home
Discover an exceptional opportunity in vibrant Chatham! This brick legal residential 6-flat, is an amazing opportunity for investment. The fully occupied building has three 1 bedroom and three 2 bedrooms. Ample living rooms, dining rooms, kitchens and closet spaces. Double lot. Radiator heat. Lots of light and hardwood floors under carpet. The building needs some cosmetic work. Five car brick garage could produce additional income. Strictly As-Is and 100 percentage tax proration. Easy access to buses, stores, restaurants and I94 highway. A tremendous opportunity, big potential for an investor. Don't miss seeing this one.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,853
Year Built
- Built in 1928
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 3-Story Property
- Exterior Basement Entry
Utilities
- Radiator
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $172
- Fuel Expense $8,405
- Insurance Expense $5,980
- Maintenance Expense $2,075
- Manager Expense $11,994
- Other Expense $1,069
- Trash Expense $5,423
- Water Sewer Expense $2,671
- Operating Expense $43,348
- Gross Income $56,796
- Net Operating Income $13,448
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/04/2025 08/04/25 | For Sale | $450,000 | -- | -- |
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Source: Midwest Real Estate Data (MRED)
MLS Number: 12437189

APN: 20353060060000
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