Income-Generating Multi-Family Property in Chicago

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!