8139 S Drexel Ave - Apartments FOR SALE


Chicago, IL 60619- Chatham
$1,049,000 USD
312-847-3899
8139 S Drexel Ave, Chicago, IL for Sale
$1,049,000 USD
Apartments - FOR SALE
1/7
null | 9.43% Cap Rate

8139 S Drexel Ave
Chicago, IL 60619
Chatham


OVERVIEW

Investor opportunity in Chicago’s Chatham neighborhood. This solid 6-unit features (6) 3BD/2BA recently updated and actively leasing at market rates. Vintage 1924 masonry construction with updated systems and 6 off-street parking spaces. Ideal for seasoned investors seeking stable cash flow with upside—or new investors looking for a manageable entry into multifamily. Surrounded by strong rent comps and low submarket vacancy. Positioned for appreciation and income growth in a demand-driven rental corridor.

FOR SALE DETAILS

PRICE

$1,049,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

6

PRICE/UNIT

$174,833

CAP RATE

9.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RS-3

APN/PARCEL ID

20-35-116-009-0000

ASK ABOUT THIS PROPERTY

Jerome HarperThe CollectiveMore Info
312-847-3899

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Jerome HarperThe CollectiveMore Info
312-847-3899

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