8226 S Drexel Ave - Multi-Family FOR SALE


Chicago, IL 60619- Chatham
$700,000 USD
773-293-5032
8226 S Drexel Ave, Chicago, IL for Sale
$700,000 USD
Multi-Family - FOR SALE
1/5
null | 11.34% Cap Rate

8226 S Drexel Ave
Chicago, IL 60619
Chatham


HIGHLIGHTS

  • Four (4) 3Bd/1.5Ba & Two (2) 4Bd/2.5Ba Duplex Units
  • Incredibly Spacious Floorplans
  • Updated Kitchens & Baths
  • Individual HVAC & Hot Water Heaters
  • 400 Amp Electric Service w/ In-Unit Breakers

OVERVIEW

Kiser Group is pleased to exclusively present for purchase 8226 S. Drexel, a six (6) unit building located in Chicago’s Chatham neighborhood. The property is tucked away on a quiet, tree-lined street and is within walking distance to Grand Crossing Park. Additionally, the property sits just a few blocks away from the 79th and Chatham Metra station providing tenants quick and easy access to downtown Chicago via train. 8226 S. Drexel is comprised of four (4) 3Bd/1.5Ba and two (2) 4Bd/2.5Ba duplex units, all of which feature an incredibly spacious floorplan with hardwood flooring throughout and are equipped with individual HVAC and hot water heaters. Recent improvements to the building include, but are not limited to, updated 400 amp electric service with in-unit breaker boxes, five (5) car garage, and copper plumbing. 8226 S. Drexel presents an investor with the opportunity to acquire a stabilized, cash-flowing asset in Chicago’s Chatham neighborhood. From day one, an investor will realize an 11.34% cap rate and a 22.62% cash return. By increasing rent already achieved in the area, an investor can achieve a cap rate of 12.93% and a 28.96% cash return.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

6

PRICE/UNIT

$116,667

CAP RATE

11.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Aaron SklarKiser GroupMore Info
773-293-5032

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Aaron SklarKiser GroupMore Info
773-293-5032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.