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$ 745,000

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6347 S Drexel AVE Chicago, IL 60637

8 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12464172

Style Greystone

Bedrooms 8

Year Built 1892

Annual Tax Amount $4,658

Tax Year 2023

Lot Dimensions 25' X 125'

Property Sub-Type Two to Four Units

Property Description

$15,000 seller credit and a low interest rate! A Greystone rebuilt with permits in vibrant Woodlawn. This 2023 gut-rehab blends historic elegance with modern upgrades. Potential rental income of up to $6,000/month. With the seller's credits you can reduce your mortgage payment to around $4,000, offering up to a potential $2,000 in monthly profit. The property features tall ceilings, hardwood floors, and condo-quality finishes like quartz countertops, shaker cabinets, and stainless steel appliances. Each unit has in-unit laundry and oversized decks. The first-floor includes a 2 bed/1 bath setup and is duplexed down with $60K in structural basement enhancements, providing future living space potential. Updates include new electrical, plumbing, main water line, main sewer line, and a 2-car garage. Located steps from the 63rd Green Line, near the University of Chicago, and close to the Obama Presidential Center, Hyde Park, and the lakefront. A unique opportunity to own a turnkey multi-unit in one of Chicago's most dynamic neighborhoods.

Location

State IL

County Cook

Area Chi - Woodlawn

Zoning MULTI

Rooms

Basement Unfinished, Bath/Stubbed, Full, Walk-Out Access

Interior

Heating Natural Gas, Forced Air

Equipment Security System, CO Detectors, Ceiling Fan(s), Sump Pump

Fireplace N

Exterior

Exterior Feature Balcony

Garage Spaces 2.0

Community Features Park, Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt,Rubber

Building

Dwelling Type Two to Four Units

Building Description Brick,Stone, Yes

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick,Stone

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition List Broker Must Accompany

Virtual Tour https://tour.vht.com/434464301/6347-s-drexel-ave-unit-3-chicago-il-60637/idx

Listed by Phillip Dixon • Compass

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