6347 S Drexel Ave Chicago, IL 60637
Woodlawn NeighborhoodEstimated payment $4,358/month
Highlights
- Property is near a park
- Balcony
- Forced Air Heating System
- Greystone Architecture
- Home Security System
- 4-minute walk to Prairie Wolf Park
About This Home
$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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,658
Year Built
- Built in 1892 | Remodeled in 2023
Lot Details
- Lot Dimensions are 25' x 125'
- Fenced
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
- Parking Included in Price
Home Design
- Greystone Architecture
- Brick Exterior Construction
- Brick Foundation
- Asphalt Roof
- Rubber Roof
- Stone Siding
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 3 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Home Security
- Home Security System
- Carbon Monoxide Detectors
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Ceiling Fan
- Balcony
- Property is near a park
Community Details
- 3 Units
- Gross Income $6,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | For Sale | $745,000 | +81.7% | -- |
| 01/25/2022 01/25/22 | Sold | $410,000 | -3.5% | -- |
| 10/19/2021 10/19/21 | Pending | -- | -- | -- |
| 04/22/2021 04/22/21 | For Sale | $425,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12464172
APN: 20-23-104-011-0000
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