8226 S Drexel Ave Chicago, IL 60619
Grand Crossing NeighborhoodEstimated payment $4,329/month
About This Home
PROPERTY SHOWCASE 2/15 AT 1-3PM. Unlock the potential of this well maintained 6-unit multifamily building located on a desirable block of South Drexel. This solid income-producing building features long-term tenants providing immediate and consistent cash flow, plus two vacant units-a rare opportunity to set market rents and significantly increase NOI from day one. The building offers generously sized units throughout, providing comfortable living space and strong tenant appeal. This property presents a solid option for investors seeking a stabilized asset with built in upside potential. Conveniently located near transportation, shopping, and neighborhood amenities. Run the numbers, schedule your showing, and bring your offer.
Listing Agent
Keller Williams Preferred Realty License #475201798 Listed on: 02/13/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,332
Year Built
- Built in 1924
Lot Details
- Lot Dimensions are 50x125
- Additional Parcels
Additional Features
- 3-Story Property
- 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 |
|---|---|---|---|---|---|
| 02/13/2026 02/13/26 | 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: 12568155
APN: 20-35-121-026-1001
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