Property profile

6538 Drexel Ave 1 Chicago, IL 60637

OFF-MARKET
Residential income homes
Property ID
US28-5205534
4,117 SF 0.07 ac lot Built 1905
Individually Owned 7-yr Hold
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1905
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,117 SF
Lot 0.07 ac (3,150 SF)
APN 20-23-113-029
UPID US28-5205534

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6538 Drexel Ave, Unit 1 Chicago, IL 60637-6187
Chicago metro Census 420800 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$646k
Blend (final) Blend
$325k

Owner & transaction history

since 2019
7 recorded transactions
2019
$215,000
2014
$165,000
2014
$70,000
2014
$35,000
2008
$146,500
2007
Price N/A
2005
$280,000

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $985,000 +106.4%
Retail stores $600,000 +25.7%
Office building $555,000 +16.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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