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8021 S Drexel Ave 6 Unit Apartment Building Offered at $450,000 at a 12.20% Cap Rate Chicago, IL 60619
Investment Highlights
- Professional Offering Memorandum Available Upon Request
- Significant Rental Upside: Rents are +55% Below Market
- Spacious Layouts: All Units Have a Dining Room, Large Living Room, Sun Room, and a Back Porch
- Favorable Mix of Entirely 2 Bedroom Units
- 6 Garage Parking Spaces
- Located 4 Blocks From Metra ME Line 79th St Stop
Executive Summary
Nara Realty Advisors is pleased to exclusively present for purchase 8021 S Drexel Ave, a 6-unit apartment building located in Chicago's Chatham neighborhood.
Property Facts
| Price | $450,000 | Property Type | Multifamily |
| Price Per Unit | $75,000 | Building Size | 5,400 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 12.20% | Year Built | 1926 |
| No. Units | 6 |
| Price | $450,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 12.20% |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 5,400 SF |
| No. Stories | 3 |
| Year Built | 1926 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
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8021 S Drexel Ave
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