8139 Drexel Ave, Chicago, IL 60619
This classic Chicago six-flat apartment building, located at 8139 S Drexel Ave in the Chatham neighborhood of Chicago, Illinois (zip code 60619), presents a compelling investment opportunity. Currently 100% vacant and secured, the property is primed for a complete rehabilitation. All six units are identical, featuring five rooms, two bedrooms, and one bathroom each. Kitchens and bathrooms have been fully demoed, simplifying the renovation process. Rear parking is available for residents. The property's size is not specified. The 2020 property taxes, payable in 2021, totaled $7,842.12. The first installment of 2021 taxes, payable in 2022, amounted to $4,313.17. This multifamily property is offered at an asking price of $300,000 and represents a significant potential for value appreciation upon completion of renovations. The property's Cook County location offers convenient access to various amenities and transportation options. This is an excellent opportunity for investors seeking a hands-on project with substantial upside potential in a well-established Chicago neighborhood. Serious inquiries only.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.