Commercial > Multi-family / Apartments
Active
2 weeks ago
List Price
$299,000$35/ft²
8620 Drexel Ave
Chicago, IL 60619
- 18Beds
- 6Baths
- 8,544ft²Living Area
- 6,098ft²Lot Size
- -Pool
- 3Car
- 1932Year Built
- 16DOM
- 2Permits
8620 Drexel Ave, Chicago, IL 60619 is a 18 bed, 6 bath, 8,544 ft² multi-family/apartments property built in 1932 on a 0.140 acre lot with 2 construction permits. This multi-family/apartments is currently on the market for $299,000, and it was last sold in 2021 for $250,000.
MLS Description
The listing agent's description. Original Listing
Discover an extraordinary investment opportunity in the heart of Chatham with this classic Chicago-style brick six-unit building. Each unit features 2 bedrooms and 1 bathroom, offering a versatile layout perfect for a variety of tenants. This property is brimming with potential, awaiting your vision to restore it to its former glory. Key Features: Prime Location: Situated in the vibrant Chatham neighborhood, known for its strong community and rich history. Spacious Units: Six well-designed 2-bedroom, 1-bathroom units. Investment Potential: Ideal for renovation and value-add strategies, offering substantial ROI. AFTER REHAB VALUE $500K+ Vacant Units Available for Viewing: Two units are currently vacant and available for showing. Please respect tenant privacy in occupied units. Important Details: Buyer Responsibility: The buyer is responsible for addressing city code violations. As-Is Sale: The property is being sold in as-is, where-is condition. Additional Information: For more details, please refer to the "Additional Information" tab in the MLS. This is a rare opportunity for serious investors to acquire a property with significant upside potential. Bring your ideas and expertise to transform this distressed asset into a prized income-producing property.
Listing Agents
The listing agent for 8620 Drexel Ave is Sanina Ellison.
SE
Sanina Ellison
Re-CHRG Inc
Phone: (772) 495-2144
Permits
8620 Drexel Ave has 2 permit records of total value of $18,000.
Permit History
2
Permits
$18,000
Total Permit Value
June 30, 2021
Description: Replace flooring and tile, replace garage door & northside garage opening, drywall on ceiling & walls, skimcoat, paint trimJob Value: $10,000Status: issuedType: Easy permit processBusiness Name: Square T LLCApplicant: Fabian BaezFees: $175Effective Date: 2021-06-30Permit Number: 100929163
December 24, 2007
Description: Repair/replace porch as needed per plansJob Value: $8,000Status: issuedType: Renovation/alterationBusiness Name: Frackiel Builders Incorporate; Mate Edward R; S&C ConstructionApplicant: Carol Anne BowmanFees: $165Effective Date: 2007-12-24Permit Number: 100217171
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$4,826.19From latest Total Assessed Value20.11%Total Assessed Value$24,000=Land+
Assessed Value$7,875Additions
Assessed Value$16,125
In 2021, taxes billed for 8620 Drexel Ave were $4,826.19, which is 20.11% from latest Total Assessed Value of $24,000.
Property History
8620 Drexel Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 8620 Drexel Ave
Hazard Risks
Tornado221Hail135Wind133Particulates131Weather108Ozone106Carb Mono101Air Pollution101Nat'l Avg100Lead56Earthquake42Hurricane16
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 8620 Drexel Ave.
Walkability Index
14 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
8620 Drexel Ave has a walkability score of 14 out of 20, which means that it is in a somewhat walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
20°F
High
34°F
Summer
Average
Low
62°F
High
81°F
In the winter at 8620 Drexel Ave, temperatures range from 19.89°F to 34.2°F with an average of 27.05°F. In the summer, the temperature ranges from 62.38°F to 81.22°F with and average of 71.8°F.
School Information
Public/private schools serving 8620 Drexel Ave
Public Schools
Harlan Community Academy High School
Grades: 9-12
1.62 mi
F
Ashe Elementary School
Grades: PK-8
0.17 mi
D-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 8620 Drexel Ave have ratings undefined, and undefined.
Neighborhood
This property is located in Chatham, Chicago, IL 60619.
Seasonal Housing units 60619
1%of housing is for seasonal rent.
Daytime Population for 60619
-19%of people during work hours.
Boundary map of Chatham.
Crime Index for 60619
147
147
The crime index in 60619 is 147, which is 1.5 times higher than national average.
Market Trends
Historical market data near 8620 Drexel Ave over selected time period.
Nearby Properties on Drexel Ave
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