Best Rent Properties
Income-Generating Multi-Family Property in Chicago
$1,490,000
7626 S Drexel Ave , Chicago, IL 60619
Description
🏠 Key Features:
- 13-unit brick building with a mix of unit layouts:
- Nine 2-bedroom/1-bath units
- Three 3-bedroom/1-bath units
- One 5-bedroom/1-bath extra-spacious unit
- Full occupancy with long-term tenants, offering an impressive 8.6% cap rate.
💡 Additional Highlights:
- Fully renovated in 2017 with hardwood floors, new windows, and updated kitchens featuring granite countertops and modern bathrooms.
- Updated utilities include:
- New electric system
- 100% copper plumbing
- New threaded and sealed rear porch system
- Separate heating for each unit
- On-site amenities include washers and dryers in the basement, free for tenants.
- Equipped with an exterior safety camera for added security.
📍 Location Advantages:
- Situated in Chicago’s Grand Crossing neighborhood, offering convenient access to:
- I-90 expressway
- Red Line train station
- Grand Crossing Park
- Nearby shopping and dining
📞 Don’t miss this rare investment opportunity! Contact us today to schedule a viewing and make this cash-flowing property yours!
3 Bedrooms
2 Cars Garage
Appx SF:1546
Bathrooms: 2 Full / 0 Half
Appx SF:2052
Bathrooms: 3 Full / 0 Half
4 Bedrooms
3 Cars Garage
Bathrooms: 3 Full / 1 Half
Appx SF:3292
2 Bedrooms
2 Cars Exterior Space
Appx SF: 900
Bathrooms: 1 Full / 1 Half
