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8222 S. Drexel 8224 S Drexel Ave 6 Unit Apartment Building $445,000 ($74,167/Unit) 11.01% Cap Rate Chicago, IL 60619
EXECUTIVE SUMMARY
Boiler building
New windows
Large units
Mix of three 2bedroom 1bathroom and three 1bedroom 1bathroom units
4 car garage
Well Maintained property
Mix of CHA and market renters
New windows
Large units
Mix of three 2bedroom 1bathroom and three 1bedroom 1bathroom units
4 car garage
Well Maintained property
Mix of CHA and market renters
PROPERTY FACTS
| Price | $445,000 | Apartment Style | Low-Rise |
| Price Per Unit | $74,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 11.01% | Building Size | 8,004 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Zoning | RS-3 - Apartment Building With 2 To 6 Units | ||
| Price | $445,000 |
| Price Per Unit | $74,167 |
| Sale Type | Investment |
| Cap Rate | 11.01% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 8,004 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Parking Ratio | 0.5/1,000 SF |
| Zoning | RS-3 - Apartment Building With 2 To 6 Units |
AMENITIES
UNIT AMENITIES
- Fireplace
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
- Family Room
- Linen Closet
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $1,350 | - |
| 1+1 | 3 | $1,100 | - |
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Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 20-35-121-021-0000 | Improvements Assessment | $30,088 |
| Land Assessment | $4,313 | Total Assessment | $34,401 |
PROPERTY TAXES
Parcel Number
20-35-121-021-0000
Land Assessment
$4,313
Improvements Assessment
$30,088
Total Assessment
$34,401
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Presented by
The DevCo Group
8222 S. Drexel | 8224 S Drexel Ave
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