Contacts
Tony Hardy
Keller Williams ONEChicago
Travis Montgomery
Keller Williams ONEChicago
Property Details
- Property Type Other
- Units 0
- Additional Rent Contact for pricing
- Building Class C
- Year Built 1940
- Year Renovated 2022
- Date Updated Sep 17, 2024
Property Highlights
Type: Mixed-Use (Retail and Residential)
Location: 7900 S Drexel Ave, Chicago, IL 60619
List Price: $839,000
Cap Rate: 11.68%
Property Description
This newly remodeled mixed-use building presents a unique investment opportunity with 14 income-producing units, comprising 6 residential apartments and 8 retail/office storefronts.
Residential Units:
- Total: 6 units
- Configuration: Five 1 bed/1 bath units and one 2 bed/1 bath unit
Retail/Office Storefronts:
- Total: 8 units
- Features: Gas, forced heat, and central air
Location & Accessibility
The property is conveniently located close to:
- Metra 79th St Station
- Interstate highway
Investment Potential
Opportunity Zone:
Situated in an Opportunity Zone, this property qualifies for various city grants, providing additional financial incentives for investors.
Community and Amenities:
With its prime location, ample amenities, and a strong sense of community, this property is poised for consistent occupancy and income generation.
Building Condition:
- The building violations with the City of Chicago have been mostly cleared, with the exception of four violations that the owner is actively working on resolving.
7900 S Drexel Ave is a strategically located, newly remodeled mixed-use asset offering significant income potential and long-term growth. Its residential and commercial units, combined with the benefits of being in an Opportunity Zone, make it an excellent investment for those seeking robust returns in the Chicago real estate market. Don't miss the chance to capitalize on this prime investment opportunity.
Want more info on this listing?
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Getting around
-
85/100
Walk Score ®
-
64/100
Transit Score ®
-
54/100
Bike Score ®
Location
- City Chicago, IL
- Neighborhood East Chatham
- Zip Code 60619
- Market Chicago
Points of Interest
-
Stony Island
1.29 miles
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King Drive
2.11 miles
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South Shore
2.15 miles
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95th/Dan Ryan
2.32 miles
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Gresham
2.38 miles
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83rd Street
2.68 miles
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Halsted
2.88 miles
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87th Street
2.95 miles
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55th-56th-57th Street
2.98 miles
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Garfield
3.13 miles
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Amstar
0.27 miles
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Amstar
0.43 miles
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Falcoln
0.53 miles
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2001
0.63 miles
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Marathon
0.64 miles
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BP
0.67 miles
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BP
1.00 miles
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Shell
1.09 miles
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BP
1.16 miles
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Clark
1.18 miles
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Campus South Parking
2.31 miles
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Dorchester Parking Lot
2.43 miles
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Parkiing / Mat Mgmt
2.56 miles
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Lexington Parking Lot
2.61 miles
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Medical Campus Parking Garage A
2.64 miles
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Medical Campus Parking Garage B
2.83 miles
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Campus North Parking Garage
2.99 miles
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Garfield Park & Ride
3.18 miles
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City of Chicago Auto Pound
3.35 miles
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93rd (South Chicago)
3.40 miles
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Empire Motel
0.36 miles
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South Shore Motel
0.96 miles
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Admiral Motel
1.56 miles
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Best Motel
1.79 miles
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Skyway Motel
1.80 miles
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The Study at the University of Chicago
2.41 miles
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Royal Motel
3.27 miles
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Beverly Motel & Suites
3.28 miles
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New Budget Motel
3.36 miles
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Sophy Hotel
3.38 miles
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ALDI
0.78 miles
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M & H Market
0.88 miles
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Jewel-Osco
0.93 miles
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ALDI
1.08 miles
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Zees Supermarket Plus
1.09 miles
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Save-A-Lot
1.15 miles
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ALDI
1.28 miles
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Forman Mills
1.31 miles
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Pete's Produce
1.31 miles
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Shop-N-Save
1.33 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
