7900 S Drexel Ave

For Sale

7900 South Drexel Avenue, Chicago, IL 60619

This Chicago property for sale is located at 7900 South Drexel Avenue. The current listed sale price for 7900 S Drexel Ave is $799,000.

Contacts

broker
Anthony Hardy

Keller Williams ONEChicago

broker
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 Dec 20, 2024

Property Highlights

Type: Mixed-Use (Retail and Residential)

Location: 7900 S Drexel Ave, Chicago, IL 60619

List Price: $799,000

Cap Rate: 12.26%

 

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.

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Getting around

  • 85/100

    Walk Score ®

  • 64/100

    Transit Score ®

  • 54/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood East Chatham
  • Zip Code 60619
  • Market Chicago

Points of Interest

  • Stony Island

    1.29 miles

  • 63rd Street

    2.06 miles

  • South Shore

    2.15 miles

  • Windsor Park

    2.30 miles

  • 95th/Dan Ryan

    2.32 miles

  • Gresham

    2.38 miles

  • 83rd Street

    2.68 miles

  • Halsted

    2.88 miles

  • 87th Street

    2.95 miles

  • 55th-56th-57th Street

    2.98 miles

  • Falcon Fuel

    0.04 miles

  • Amstar

    0.27 miles

  • 2001

    0.63 miles

  • Marathon

    0.64 miles

  • BP

    0.67 miles

  • Citgo

    0.81 miles

  • ChargePoint

    2.33 miles

  • Tesla Supercharger

    3.98 miles

  • eVgo

    8.15 miles

  • Blink

    8.15 miles

  • Campus South Parking

    2.32 miles

  • Kimbark South Parking Garage

    2.37 miles

  • Chapin Hall Parking Lot

    2.42 miles

  • Dorchester Parking Lot

    2.43 miles

  • Trailer Parking

    2.45 miles

  • Parking/Materials Management

    2.56 miles

  • Lexington Parking Lot

    2.61 miles

  • Medical Campus Parking Garage A

    2.64 miles

  • 83rd Street Metra Park & Ride

    2.68 miles

  • Medical Campus Parking Garage B

    2.81 miles

  • East of the Ryan

    0.05 miles

  • Empire Motel

    0.36 miles

  • South Shore Motel

    0.96 miles

  • Admiral Motel

    1.56 miles

  • Best Motel

    1.79 miles

  • Skyway Motel

    1.80 miles

  • Stony Island Motel

    1.90 miles

  • The Study at the University of Chicago

    2.42 miles

  • Royal Motel

    3.27 miles

  • Beverly Motel & Suites

    3.28 miles

  • ALDI

    0.78 miles

  • M & H Market

    0.88 miles

  • Jewel-Osco

    0.93 miles

  • Zees Supermarket Plus

    1.10 miles

  • Save-A-Lot

    1.15 miles

  • Forman Mills

    1.31 miles

  • Pete's Produce

    1.31 miles

  • Shop-N-Save

    1.33 miles

  • Food 4 Less

    1.61 miles

  • dd's Discounts

    1.74 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.

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