Gut Rehab Down to the Studs (2017) - Gross Income (w/ 5% vacancy): $161,127 - NOI: $117,491 BLUE DOOR DAVE REAL ESTATE is pleased to present for purchase 7626 S. Drexel, a thirteen (13) unit, gut-renovated walk up building in Chicago's Grand crossing neighborhood. The entire property has been completely renovated (down to the brick), and has been updated with high end fixtures and appliances, with a phenomenal tenant base with exceptionally low turnover. 7626 S. Drexel has an incredibly desirable unit mix which is comprised of nine (9)2Bd/1Ba, three (3) 3bd/1Ba, and one (1) 5Bd/1Ba, exceptionalspacious, units. The building underwent a complete and extensive renovation and was completely renovated in 2017. In addition to all of the structural and foundational components of the building, this included new kitchens with granite countertops, new bathrooms with modern finishes, and installing high efficiency individual furnaces in each of the units. An example of the structural modifications to the building consist of, but certainly not limited to, new electric, new porches, new windows, and 100% copper plumbing. 7626 S. Drexel provides an investor with the unique opportunity to acquire a true turn key asset. If you are an armchair Investor this asset is perfect for you, as top tier management is already in place.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
