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8031-8035 S Drexel Ave
Chicago, IL 60619 Chatham

$875,000 USD

Apartments For Sale  •  8,400 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,400 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1926
  • Zoning RS-3
64 Transit Score
89 Walk Score

Highlights

Professional Offering Memorandum Available Upon Request
In Place HAP Contract - All Units are Subsidized via Project Based Voucher Until 2044
Completely Gut Renovated in 2014, $1.2 Million in Improvements
10.9% In-Place Cap Rate with Potential for Annual Rent Increases Through CHA
Guaranteed Occupancy, Leasing Handled by Center for Housing and Health
Rare Opportunity to Acquire Turnkey Property Below Replacement Cost

Public Transportation

Commuter RailDriveWalkDistance
83Rd Street (Avalon Park) Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 10 min 0.4 mi
79Th St. (Chatham) (Metra Electric - Metra) 2 min 9 min 0.5 mi
AirportDriveWalkDistance
Chicago Midway International 21 min - 10.9 mi
Chicago O'Hare International 43 min - 28.0 mi
Michael Anguiano 312-610-1703 Nara Realty Advisors
Michael Anguiano 312-610-1703 Nara Realty Advisors