Amazing cash flow potential from this all-brick 4-unit building in Chatham boasting excellent maintenance and a fully fenced-in lot. The units feature hardwood flooring and fresh paint, and each has its own furnace. The property presents a great investment opportunity, with projected rents of $1,000+ for the two-bedroom units and $1,200+ for the three-bedroom units. It is being sold AS-IS and requires a conventional loan or cash payment. Some units need rehab. This property is also being offered as a portfolio sale along with 321 W 59th PL (MLS# 11771786), and 8122 S Evans (MLS# 11771960).
Closed
$250,000
7841 S Drexel Ave, Chicago, IL 60619
9beds
--sqft
Multi Family
Built in 1907
-- sqft lot
$398,000 Zestimate®
$--/sqft
$1,533 Estimated rent
Home value
$398,000
$346,000 - $462,000
$1,533/mo
Zestimate® history
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$1,853/mo
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Zillow last checked:
Listing updated:
Listing courtesy of:
Tim Lorimer 773-482-1917,
Compass,
Michael Mandile 847-322-8827,
Compass
Bought with:
Carla Taylor
Baird & Warner
Source: MRED as distributed by MLS GRID,MLS#: 11857179
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Windows: Screens
- Basement: Unfinished,Full
Property
Features
- Patio & porch: Porch
Lot
- Size: 5,227 sqft
- Dimensions: 44X125
Details
- Parcel number: 20263190150000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Tar/Gravel
Condition
- New construction: No
- Year built: 1907
- Major remodel year: 2016
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Community
- Community features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2024 | Listing removed | $465,000 |
Source:  MRED as distributed by MLS GRID #12153405 Report a problem | ||
| 9/4/2024 | Listed for sale | $465,000+86% |
Source: MRED as distributed by MLS GRID #12153405 Report a problem | ||
| 10/31/2023 | Sold | $250,000 |
Source: MRED as distributed by MLS GRID #11857179 Report a problem | ||
| 9/7/2023 | Contingent | $250,000 |
Source: MRED as distributed by MLS GRID #11857179 Report a problem | ||
| 8/10/2023 | Listed for sale | $250,000-16.7% |
Source: MRED as distributed by MLS GRID #11857179 Report a problem | ||
| 8/10/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11771983 Report a problem | ||
| 5/1/2023 | Listed for sale | $300,000+33.3% |
Source: MRED as distributed by MLS GRID #11771983 Report a problem | ||
| 12/13/2021 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11258970 Report a problem | ||
| 10/29/2021 | Listed for sale | $225,000 |
Source: MRED as distributed by MLS GRID #11258970 Report a problem | ||
| 3/24/2017 | Listing removed | $1,175 |
Source: Go Section8 Report a problem | ||
| 3/23/2017 | Price change | $1,175+20.5% |
Source: Go Section8 Report a problem | ||
| 3/19/2017 | Listed for rent | $975 |
Source: Go Section8 Report a problem | ||
| 8/17/2016 | Listing removed | $975+44.4% |
Source: Go Section8 Report a problem | ||
| 5/10/2011 | Listing removed | $675 |
Source: Keller Williams Realty Report a problem | ||
| 4/27/2011 | Listed for rent | $675 |
Source: Keller Williams Realty Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Grand Crossing
Nearby schools
GreatSchools rating
- 3/10Tanner Elementary SchoolGrades: PK-8Distance: 0.7 mi
- 1/10Hirsch Metropolitan High SchoolGrades: 9-12Distance: 0.1 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$398,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$398,000
- Illinois
- Cook County
- Chicago
- 60619
- Grand Crossing
- 7841 S Drexel Ave
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