8620 S Drexel Avenue Chicago, IL 60619
Discover an extraordinary investment opportunity in the heart of Chatham with this classic Chicago-style brick six-unit building. Each unit features 2 bedrooms and 1 bathroom, offering a versatile layout perfect for a variety of tenants. This property is brimming with potential, awaiting your vision to restore it to its former glory. Key Features: Prime Location: Situated in the vibrant Chatham neighborhood, known for its strong community and rich history. Spacious Units: Six well-designed 2-bedroom, 1-bathroom units. Investment Potential: Ideal for renovation and value-add strategies, offering substantial ROI. AFTER REHAB VALUE $500K+ Vacant Units Available for Viewing: Two units are currently vacant and available for showing. Please respect tenant privacy in occupied units. Important Details: Buyer Responsibility: The buyer is responsible for addressing city code violations. As-Is Sale: The property is being sold in as-is, where-is condition. Additional Information: For more details, please refer to the "Additional Information" tab in the MLS. This is a rare opportunity for serious investors to acquire a property with significant upside potential. Bring your ideas and expertise to transform this distressed asset into a prized income-producing property.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyCook
- Taxes$4,826
- HOA/Condo/Coop Fees$0
- Days on Site15 Days
- MLS StatusActive
- MLS ID Number12059340
- Home Size Source N/A
- Year Built1932
- Lot Size0.14 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Electric Circuit Breakers
- Number of Stories 3
- Acreage 0.14
- Zoning MULTI
- Number Of Stories 3
Interior Features
- Cooling None
Exterior Features
- Construction Details Brick
Community Features
- Township Hyde Park
- MLS Area CHI - Chatham
- Association Fee Includes None