Kiser Group is pleased to exclusively offer for purchase the sale of 8015 S. Drexel, pristinely-rehabbed seven (7) unit walk up located in the Chatham neighborhood of Chicago’s South Side. The building sits on an incredibly quiet, tree lined street and is located just blocks from Chatham’s 79th Street commercial corridor.

8015 S. Drexel has an incredibly desirable unit mix. Currently, six (6) of the building’s units are 4bd/1ba units with each apartment boasting roughly 1,400 square feet of living space. The building’s garden unit is currently laid out as a 2bd/1ba unit. Furthermore, each unit is equipped with updated kitchens consisting of stainless steel appliances and new cabinetry, along with updated bathrooms. Additionally, the units feature original hardwood flooring throughout. Recent capital improvements to the building consist of, but not limited to, an 800 amp electrical service (2020), hot water heaters and storage tanks (2018), a newer roof, individual furnaces, and an updated and code compliant exterior porch.

8015 S. Drexel presents a new or seasoned investor the opportunity to acquire a positive and strong, cash flowing building in Chicago’s Chatham neighborhood. In addition to its current cash flow, the building also presents an investor the opportunity to significantly add value. Rents currently range from $1,100 to $1,450, and solely by stabilizing the buildings current rent roll at a consistent rate, there is an opportunity to drastically increase returns.