For Sale
$300,000

8139 Drexel Ave Chicago, IL 60619

Vacant Jumbo Six-Flat, Rehab Ready

Overview

Added:
Dec 11, 2024
Days on market:
127
This classic Chicago six-flat apartment building, located at 8139 S Drexel Ave in the Chatham neighborhood of Chicago, Illinois (zip code 60619), presents a compelling investment opportunity. Currently 100% vacant and secured, the property is primed for a complete rehabilitation. All six units are identical, featuring five rooms, two bedrooms, and one bathroom each. Kitchens and bathrooms have been fully demoed, simplifying the renovation process. Rear parking is available for residents. The property's size is not specified. The 2020 property taxes, payable in 2021, totaled $7,842.12. The first installment of 2021 taxes, payable in 2022, amounted to $4,313.17. This multifamily property is offered at an asking price of $300,000 and represents a significant potential for value appreciation upon completion of renovations. The property's Cook County location offers convenient access to various amenities and transportation options. This is an excellent opportunity for investors seeking a hands-on project with substantial upside potential in a well-established Chicago neighborhood. Serious inquiries only.

Highlights

  • $300,000 asking price.
  • Multifamily apartment building in Chicago, IL.
  • Located at 8139 S Drexel Ave, Chicago, IL 60619.
  • Six-unit building, currently vacant.
  • Ready for complete rehabilitation; all kitchens and bathrooms demoed.
  • Each unit features two bedrooms and one bathroom.

Property Details for 8139 Drexel Ave

Property type
Apartment buildings
Square Feet
1 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.7464523
Longitude
-87.6022649
8139 Drexel Ave, Chicago, Illinois

FAQs

What type of property is this?
Apartment building - Vacant Jumbo Six-Flat, Rehab Ready
Where is the apartment building located?
The property is located at 8139 Drexel Ave Chicago, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: $300,000 asking price.; Multifamily apartment building in Chicago, IL.; Located at 8139 S Drexel Ave, Chicago, IL 60619.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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8139 Drexel Ave
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