7900 S Drexel Ave

7900 South Drexel Avenue, Chicago, IL 60619

  • For Sale $839,000
  • Property Type Other
  • Units 0
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1940
  • Year Renovated 2022
  • Date Updated Sep 15, 2024

Property Highlights

Type: Mixed-Use (Retail and Residential)

Location: 7900 S Drexel Ave, Chicago, IL 60619

List Price: $839,000

Cap Rate: 11.68%

 

Property Description

This newly remodeled mixed-use building presents a unique investment opportunity with 14 income-producing units, comprising 6 residential apartments and 8 retail/office storefronts.

Residential Units:

  • Total: 6 units
  • Configuration: Five 1 bed/1 bath units and one 2 bed/1 bath unit

Retail/Office Storefronts:

  • Total: 8 units
  • Features: Gas, forced heat, and central air

 

Location & Accessibility

The property is conveniently located close to:

  • Metra 79th St Station
  • Interstate highway

 

Investment Potential

Opportunity Zone:

Situated in an Opportunity Zone, this property qualifies for various city grants, providing additional financial incentives for investors.

Community and Amenities:

With its prime location, ample amenities, and a strong sense of community, this property is poised for consistent occupancy and income generation.

 

Building Condition:

  • The building violations with the City of Chicago have been mostly cleared, with the exception of four violations that the owner is actively working on resolving.

 

7900 S Drexel Ave is a strategically located, newly remodeled mixed-use asset offering significant income potential and long-term growth. Its residential and commercial units, combined with the benefits of being in an Opportunity Zone, make it an excellent investment for those seeking robust returns in the Chicago real estate market. Don't miss the chance to capitalize on this prime investment opportunity.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker

Tony Hardy

Keller Williams ONEChicago

broker

Travis Montgomery

Keller Williams ONEChicago

Location

Getting Around

  • Walk Score ®

    85/100 Very Walkable

  • Transit Score ®

    64/100 Good Transit

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood East Chatham
  • Zip Code 60619
  • Market Chicago

Points of Interest

  • Stony Island

    1.29 miles

  • King Drive

    2.11 miles

  • South Shore

    2.15 miles

  • 95th/Dan Ryan

    2.32 miles

  • Gresham

    2.38 miles

  • 83rd Street

    2.68 miles

  • Halsted

    2.88 miles

  • 87th Street

    2.95 miles

  • 55th-56th-57th Street

    2.98 miles

  • Garfield

    3.13 miles

  • Amstar

    0.27 miles

  • Amstar

    0.43 miles

  • Falcoln

    0.53 miles

  • 2001

    0.63 miles

  • Marathon

    0.64 miles

  • BP

    0.67 miles

  • BP

    1.00 miles

  • Shell

    1.09 miles

  • BP

    1.16 miles

  • Clark

    1.18 miles

  • Campus South Parking

    2.31 miles

  • Dorchester Parking Lot

    2.43 miles

  • Parkiing / Mat Mgmt

    2.56 miles

  • Lexington Parking Lot

    2.61 miles

  • Medical Campus Parking Garage A

    2.64 miles

  • Medical Campus Parking Garage B

    2.83 miles

  • Campus North Parking Garage

    2.99 miles

  • Garfield Park & Ride

    3.18 miles

  • City of Chicago Auto Pound

    3.35 miles

  • 93rd (South Chicago)

    3.40 miles

  • Empire Motel

    0.36 miles

  • South Shore Motel

    0.96 miles

  • Admiral Motel

    1.56 miles

  • Best Motel

    1.79 miles

  • Skyway Motel

    1.80 miles

  • The Study at the University of Chicago

    2.41 miles

  • Royal Motel

    3.27 miles

  • Beverly Motel & Suites

    3.28 miles

  • New Budget Motel

    3.36 miles

  • Sophy Hotel

    3.38 miles

  • The Woodlawn

    0.41 miles

  • City Life

    0.54 miles

  • Pepe's Mexican Restaurant

    0.54 miles

  • Burger King

    0.58 miles

  • McDonald's

    0.65 miles

  • KFC

    0.79 miles

  • Chuckies Grill

    0.81 miles

  • Dunkin'

    0.83 miles

  • White Castle

    0.84 miles

  • Taco Bell

    0.85 miles

  • Global Enterprises School of Law Enforcement

    0.16 miles

  • Saint Francis School

    0.17 miles

  • Hirsch Metropolitan High School

    0.20 miles

  • Tanksons Martial Arts Academy

    0.39 miles

  • Cornell School

    0.42 miles

  • Saint Dorothy School

    0.54 miles

  • Topsy Turby Nursery and Kindergarten

    0.54 miles

  • Nu-Tek School of Beauty Culture

    0.61 miles

  • Harriet C Harris Private School

    0.62 miles

  • Avalon Park Elementary School

    0.63 miles

  • DJ Brooks Child Development Center

    1.54 miles

  • Kenyatta's Day Care and Learning Center

    1.92 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    2.15 miles

  • UChicago Child Development Center - Drexel

    2.87 miles

  • Shining Star Child Development

    3.13 miles

  • Mari's Bumble Bee Academy

    3.53 miles

  • Daycare

    3.58 miles

  • Restoring the Seed Childcare

    3.85 miles

  • Me & You Learning Academy

    4.70 miles

  • Shining Star Child Development

    4.81 miles

Frequently Asked Questions

How much does 7900 S Drexel Ave cost?

The space currently listed for sale at 7900 S Drexel Ave asks for $839,000.

What is the total square footage of 7900 S Drexel Ave?

7900 S Drexel Ave totals 9,952 square feet.

When was this property built?

7900 S Drexel Ave was built in 1940.

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