Jeff Coros Real Estate Team

8212 South Drexel Avenue East
CHICAGO, IL 60619

Active

$1,275,000

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  • 1927 Year Built

  • 7/10/2017 List Date

This is the best large multi-unit building on the market in hot Chatham. Its fully stabilized and STILL represents a great upside by converting some of the one bdrm units to two bdrm units and by converting the tenant base to CHA-vouchered tenants over time. (Only one section 8 tenant currently.) Current owner has polished this gem and made it shine. Professionally managed and maintained. Roof, hot water tank, furnace and more all updated. In turn-key shape. Taxes have been successfully appealed. Currently grossing over $203K and $218K is easily achieved.
MLS#
09684762
Property Type
Commercial
original price
$1,350,000
price change
$75,000 ( 5.6%)

Additional Details

Exterior

Multi Family Details

This listing 8212 South Drexel Avenue East Chicago, Il 60619 is a multi family 5+ listing on a lot of 12,400 sqft (or 100' x 124'). 8212 South Drexel Avenue East was built in 1927. 8212 South Drexel Avenue East is located in Chicago and in ZIP Code 60619. It has been listed on our site since 7/10/17.

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Jeff Coros

  • Direct 630.718.2334
  • Cell 630.853.0691

Listing Office

@properties Commercial

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