7626 S Drexel Avenue, Chicago-Greater Grand Crossing, IL 60619 | 11638894 | Berkshire Hathaway HomeServices Chicago

7626 S Drexel Avenue $1,350,000


    7626 S Drexel Avenue Chicago-Greater Grand Crossing, IL 60619

    • 0.14 Acres
    • Commercial
    • MLS# 11638894
    Favorite Share
    Views: 9 Days On Site: 134

    Go Tour This Listing

    Property Details

    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.

    • General Features
      • Additional Parcels Y/N No
      • Area CHI - Greater Grand Crossing
      • County Or Parish Cook
      • Electric Expense 1070
      • Fuel Expense 0
      • Gross Income 169608
      • Gross Scheduled Income 161128
      • Net Operating Income 117491
      • Number Of Units Total 13
      • Operating Expense 43636
      • Operating Expense1 1000
      • Tax Annual Amount 1466
      • Tax Year 2020
      • Year Built 1927
    • Building Features
      • Stories 3
    • Property Features
      • Lot Size Acres 0.14
      • Lot Size Dimensions 50 X 125
      • Parcel Number 20263090240000
      • Parking Total 0



    60619 (Chicago-Greater Grand Crossing) Demographics

    42 Median Age
    10,192 Population Density (per sq. mile)
    35% College Educated
    $40,762 Estimated Median Income
    12,181 Estimated Total Home Owners
    15,093 Estimated Total Renters
    45% / 55% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    61,372 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $134,950 Median Sales Price
    22 Homes Sold
    85 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,350,000
        10/5/2022 11:17:23 AM Status Changed Source: Multiple Listing Service New Value: Pending
        10/2/2022 12:18:00 AM Status Changed Source: Multiple Listing Service New Value: Active
        9/26/2022 8:48:00 PM New in Database Source: Multiple Listing Service New Value: $1,350,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * 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.
        The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Chicago are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. © 2023 Midwest Real Estate Data LLC. All rights reserved. Information Deemed Reliable but Not Guaranteed. Listing information from this property search is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Based on information submitted to the MRED as of 2/7/2023 10:21:50 PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
        The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.com.
        The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

        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.