8212-8220 S Drexel Ave | Chicago, IL 60619
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8212-8220 S Drexel Ave
Chicago, IL 60619
7956 S Dobson Ave and 8212-20 S Drexel · Multifamily Property For Sale
Executive Summary
7956 S Dobson-This is the armchair investment property you've been looking for! Almost everything has been done, so you can sit back and collect rent.
Solid brick 12-flat on a corner lot with eleven large 2 Bed/1 Bath units and one 1 Bed/1 Bath unit, all rehabbed. Each unit has its own HVAC. The building is in great condition with a newer roof and windows and is extremely well-maintained.
Fully rented building with good tenants generates a substantial annual net operating income of $115,200.
Highlights:
Annual Net Operating Income: $115,200
Well-Maintained: Newer roof & windows, solid brick construction
Unit Composition: 11 large 2 Bed/1 Bath units, 1 Bed/1 Bath unit
Tenant Quality: Good tenants in place
HVAC: Each unit equipped with its own system
8212 S Drexel-Don't miss out on this excellent investment opportunity to secure a stable and profitable asset! This is an incredible opportunity to own a beautiful building in Chatham! Building is in near perfect condition and has gone through extensive rehab, very little to do but sit back and collect rents! 26 units in total (Current unit mix is Nineteen 2 Bed/1 Bath, Five 1 Bed/1 Bath, and 2 legal garden units). Fully rented building with good tenants brings in over $26K per month! Around 70% of the units are rehabbed to condo quality. Roof and building mechanicals less then 10 years old. Walking distance to the 79th Street Metra station. Don't miss out on this incredible investment opportunity!
Solid brick 12-flat on a corner lot with eleven large 2 Bed/1 Bath units and one 1 Bed/1 Bath unit, all rehabbed. Each unit has its own HVAC. The building is in great condition with a newer roof and windows and is extremely well-maintained.
Fully rented building with good tenants generates a substantial annual net operating income of $115,200.
Highlights:
Annual Net Operating Income: $115,200
Well-Maintained: Newer roof & windows, solid brick construction
Unit Composition: 11 large 2 Bed/1 Bath units, 1 Bed/1 Bath unit
Tenant Quality: Good tenants in place
HVAC: Each unit equipped with its own system
8212 S Drexel-Don't miss out on this excellent investment opportunity to secure a stable and profitable asset! This is an incredible opportunity to own a beautiful building in Chatham! Building is in near perfect condition and has gone through extensive rehab, very little to do but sit back and collect rents! 26 units in total (Current unit mix is Nineteen 2 Bed/1 Bath, Five 1 Bed/1 Bath, and 2 legal garden units). Fully rented building with good tenants brings in over $26K per month! Around 70% of the units are rehabbed to condo quality. Roof and building mechanicals less then 10 years old. Walking distance to the 79th Street Metra station. Don't miss out on this incredible investment opportunity!
PROPERTY FACTS
| Price / SF | $80.96 / SF | Number of Properties | 2 |
| Cap Rate | 9.20% | Individually For Sale | 2 |
| Sale Type | Investment | Total Building Size | 40,140 SF |
| Status | Active | Total Land Area | 0.45 AC |
| Price / SF | $80.96 / SF |
| Cap Rate | 9.20% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 40,140 SF |
| Total Land Area | 0.45 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 8212-8220 S Drexel Ave, Chicago, IL 60619 | Multifamily | 28,140 SF | 1928 | $1,999,900 |
| 7956 S Dobson Ave, Chicago, IL 60619 | Multifamily | 12,000 SF | 1926 | $1,250,000 |
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