8145 S Drexel Ave, Chicago, IL 60619

Listing office Chicago-Coldwell Banker Commercial NRT

Listing date Feb 16, 2026

Source Crexi

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Overview

This is a 25-unit multifamily property featuring all 1-bedroom/1-bathroom units. Constructed in 1928, the Class C building has approximately 16,250 square feet across three stories. The lot size is 0.16 acres. Currently, 22 units are occupied. The property is zoned RS-3. Improvements to the property total approximately $160,825. The annual gross income is $300,000, with a total monthly rent of $1,000. Annual expenses include $3,247 for electric, $6,595 for gas, $6,382 for garbage, $2,200 for water and sewer, $10,000 for management fees, and $15,000 for insurance, totaling $39,024 in expenses per year. The capitalization rate is 10%.

Suggested Use

Law Firm Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Skin Care Clinic Tech Support Center Cafe & Coffee Shop Plumbing Service Nursing Home Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6021054

Latitude

41.7462738

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FAQs

What type of property is this?

Apartment building - 25 units, 1 bed/1 bath, built in 1928.

Where is this apartment building located?

The property is located at 8145 S Drexel Ave Chicago, IL.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: High 10% Cap Rate; Significant Annual Gross Income: $300,000; 25 Units: All 1 bedroom / 1 bathroom