Essex Realty Group is pleased to announce the sale of 8001-8005 S Drexel Ave, a walk-up 19-unit corner building in the Chatham neighborhood of Chicago

Located in the southeast corner of Chicago, Chatham is one of the city’s 77 community areas and has a population of over 33,00
residents. The subject property sits between the Chatham and Greater Grand Crossing neighborhoods of Chicago, in a submarket named East Chatham. From the subject property are the Metra Electric commuter rail line 0.2 miles [5 min walk] and a CTA Red Line station at 79th Street 1.2 miles [20 min walk] making it an ideal location for commuters traveling to surrounding neighborhoods and downtown to the LOOP. Major highways also pass through the area including the Dan Ryan Expressway and the Chicago Skyway Toll Road.

Grocery Stores, Pharmacies, and Schools surround the subject property and continue down the retail corridor of 79th street. The ease of transit, access to multiple route, and accessibility to shops and markets make this an ideal neighborhood to reside in.

• 9.2% Cap Rate
• Meticulously Maintained Building Since Acquiring
• Large Layouts; Most Units Feature Living & Dining Rooms
• Current Rents Hovering Below Market
• Coin Operated Laundry Facility In Building