8226 S Drexel Ave Chicago, IL 60619
Grand Crossing NeighborhoodEstimated payment $4,462/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: 05/04/2026
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 |
|---|---|---|---|---|---|
| 05/26/2026 05/26/26 | Pending | -- | -- | -- | |
| 05/04/2026 05/04/26 | For Sale | $695,000 | +44.8% | -- | |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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: 12638032
APN: 20-35-121-026-1001
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.