25-Unit Multifamily Building For
For Sale
Contact for pricing
Pending
8145 S Drexel Ave, Chicago, IL 60619
25 units, 1 bed/1 bath, built in 1928.
Property Size16,250 SF
Lot Size0.16 Acres
Days on Market189
Property Features for 8145 S Drexel Ave
General Information
Standard status
Pending
Size
16,250 SF
Lot size
0.16 Acres
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Renovated
2023
Units
25
Listing Agency:
Chicago-Coldwell Banker Commercial NRT
Listed By:
Michael Kang · License #IL 475163662
Source:
Crexi
Added: Feb 16
Changed: Aug 18
Last Checked: Aug 24 at 9:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chicago-Coldwell Banker Commercial NRT
Investment Insights
Based on property information with market context.
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%.
Key Highlights
- High 10% Cap Rate
- Significant Annual Gross Income: $300,000
- 25 Units: All 1 bedroom / 1 bathroom
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
Explore this area
Business Placement
Demographics for 60619, IL
63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
