Multi Family House

Multi Family House

$1,490,000

7626 S Drexel Ave , Chicago, IL 60619

Description

Unique opportunity to acquire a cash-flowing asset that realizes an 8.6 % cap rate with offered chance to use the existing managing company. Full occupancy! Long-term tenants. Desired 13 units brick building with Nine 2B/1Ba, Three 3B/1Ba, and One 5Bd/1Ba extra-spacious apartment! The building underwent a complete renovation in 2017. Hardwood floors throughout, spacious rooms, new windows, updated kitchens with granite countertops, and modern baths. Separate heat for every unit. Updated electric, 100% copper plumbing, and threaded and sealed newer rear porch system. Everything is up to the New Code. Exterior safety camera. Washers and dryers in the basement are free for tenants. Excellent location in Chicago's Grand Crossing neighborhood is next to expressway I-90 highway, Red Line train station, Grand Crossing Park, and shopping!