6347 S Drexel AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60637
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12378058
Style Greystone
Bedrooms 8
Year Built 1892
Annual Tax Amount $4,658
Tax Year 2023
Property Sub-Type Two to Four Units
Property Description
Major Price improvement plus up to $15,000 seller credit! A fully rebuilt Greystone 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
Interior
Heating Natural Gas,Forced Air
Equipment Security System,CO Detectors,Ceiling Fan(s),Sump Pump
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
Special Listing Condition List Broker Must Accompany