7900 S Drexel Ave

Description:

Property Highlights

Type: Mixed-Use (Retail and Residential)

Location: 7900 S Drexel Ave, Chicago, IL 60619

List Price: $839,000

Cap Rate: 11.68%

 

Property Description

This newly remodeled mixed-use building presents a unique investment opportunity with 14 income-producing units, comprising 6 residential apartments and 8 retail/office storefronts.

Residential Units:


Total: 6 units
Configuration: Five 1 bed/1 bath units and one 2 bed/1 bath unit


Retail/Office Storefronts:


Total: 8 units
Features: Gas, forced heat, and central air


 

Location & Accessibility

The property is conveniently located close to:


Metra 79th St Station
Interstate highway


 

Investment Potential

Opportunity Zone:

Situated in an Opportunity Zone, this property qualifies for various city grants, providing additional financial incentives for investors.

Community and Amenities:

With its prime location, ample amenities, and a strong sense of community, this property is poised for consistent occupancy and income generation.

 

Building Condition:


The building violations with the City of Chicago have been mostly cleared, with the exception of four violations that the owner is actively working on resolving.


 

7900 S Drexel Ave is a strategically located, newly remodeled mixed-use asset offering significant income potential and long-term growth. Its residential and commercial units, combined with the benefits of being in an Opportunity Zone, make it an excellent investment for those seeking robust returns in the Chicago real estate market. Don't miss the chance to capitalize on this prime investment opportunity.