8226 S Drexel Ave Chicago, IL 60619
Grand Crossing NeighborhoodEstimated payment $4,464/month
About This Home
Set on a solid South Side block, this well-maintained 6-Unit offers the kind of immediate income + value-add upside investors chase. Four units are occupied by long-term tenants for steady in-place cash flow, while two units are vacant, giving you the rare ability to renovate, set market rents, and drive NOI from day one. Units feature generous layouts that support strong tenant demand, and the location keeps you close to everyday conveniences and public transportation-making this a smart play for buyers looking for a stabilized asset with built-in rent-growth potential. Run your numbers, schedule your private tour, and bring your best offer!
Listing Agent
Keller Williams Preferred Realty License #475177288 Listed on: 03/24/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,332
Year Built
- Built in 1924
Additional Features
- 3-Story Property
- Lot Dimensions are 50x125
- Central Heating
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $360
- Insurance Expense $6,000
- Maintenance Expense $2,000
- Other Expense $1,200
- Trash Expense $1,320
- Water Sewer Expense $8,400
- Operating Expense $72,000
- Gross Income $130,800
- Net Operating Income $60,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,110 | $11,346 | $1,150 | $10,196 |
| 2024 | $2,110 | $11,346 | $1,150 | $10,196 |
| 2023 | $2,057 | $10,000 | $1,917 | $8,083 |
| 2022 | $2,057 | $10,000 | $1,917 | $8,083 |
| 2021 | $2,011 | $9,999 | $1,917 | $8,082 |
| 2020 | $2,951 | $13,247 | $1,380 | $11,867 |
| 2019 | $2,945 | $14,656 | $1,380 | $13,276 |
| 2018 | $2,895 | $14,656 | $1,380 | $13,276 |
| 2017 | $2,997 | $13,924 | $1,226 | $12,698 |
| 2016 | $2,789 | $13,924 | $1,226 | $12,698 |
| 2015 | $2,552 | $13,924 | $1,226 | $12,698 |
| 2014 | $3,618 | $19,502 | $1,150 | $18,352 |
| 2013 | $3,547 | $19,502 | $1,150 | $18,352 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/24/2026 03/24/26 | For Sale | $700,000 | +45.8% | -- | |
| 10/05/2020 10/05/20 | Sold | $480,000 | 0.0% | -- | View Prior Sale |
| 07/31/2020 07/31/20 | Off Market | $480,000 | -- | -- | |
| 07/09/2020 07/09/20 | Pending | -- | -- | -- | |
| 06/09/2020 06/09/20 | For Sale | $495,000 | 0.0% | -- | |
| 03/02/2020 03/02/20 | Pending | -- | -- | -- | |
| 02/13/2020 02/13/20 | For Sale | $495,000 | 0.0% | -- | |
| 01/28/2020 01/28/20 | Pending | -- | -- | -- | |
| 01/21/2020 01/21/20 | For Sale | $495,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $202,500 | Chicago Title | |
| Warranty Deed | $110,000 | Chicago Title | |
| Warranty Deed | $33,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $221,000 | Pntn |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $360,000 | Credit Line Revolving | |
| Previous Owner | $176,800 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12600954
APN: 20-35-121-026-1001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
- 8222 S Maryland Ave
- 8216 S Maryland Ave
- 8305 S Maryland Ave
- 8211 S Drexel Ave
- 854 E 82nd St Unit 2
- 8142 S Maryland Ave
- 8136 S Drexel Ave Unit 3
- 8223 S Ingleside Ave
- 8139 S Drexel Ave
- 740 E 82nd St
- 8133 S Ingleside Ave
- 7149 S Champlain Ave
- 937 E 84th Place
- 8021 S Maryland Ave
- 8204 S Champlain Ave
- 8005 S Maryland Ave
- 7411 S Saint Lawrence Ave
- 8036 S Dobson Ave
- 1121 E 82nd Place
- 8026 S Dobson Ave
- 8227 S Maryland Ave Unit 3S
- 8241 S Maryland Ave Unit 3
- 8237 S Drexel Ave
- 8222 S Maryland Ave Unit 3
- 8236 S Ellis Ave Unit 3
- 8328 S Ingleside Ave Unit 3
- 8209 S Ellis Ave
- 8100-8104 S Drexel Ave
- 8251 S Ellis Ave
- 8212 S Dobson Ave
- 8200 S Evans Ave
- 851 E 84th St Unit 2
- 8416 S Cottage Grove Ave
- 8043 S Maryland Ave Unit 8043 S. Maryland Ave chicago Il 60619
- 8043 S Maryland Ave
- 8035 S Maryland Ave Unit 3S
- 8038 S Maryland Ave Unit 3
- 653 E 82nd St Unit 1W
- 8434 S Drexel Ave Unit 3
- 8434 S Drexel Ave Unit 8434 s Drexel apt3
Ask me questions while you tour the home.