8346 S Drexel Ave Chicago, IL 60619
Grand Crossing NeighborhoodEstimated payment $2,498/month
About This Home
TURNKEY 6-UNIT CASH-FLOWING INVESTMENT | SOLID BRICK | CHATHAM Welcome to 8346-48 S Drexel Ave, a rare 6-unit, income-producing brick building in one of Chicago's most consistently performing rental corridors. This is a true multifamily asset designed for immediate cash flow with long-term upside. This well-maintained building features six spacious units with strong rental demand, making it ideal for investors seeking stability, scale, and portfolio growth in a single acquisition. With multiple income streams under one roof, this property provides built-in risk diversification and consistent occupancy potential. Constructed with classic Chicago brick, the building offers durability, low operating maintenance, and long-term structural integrity - exactly what serious investors prioritize in a buy-and-hold asset. Photos have had personal items removed. This property is priced to sell AS-IS, WHERE-IS. Serious buyers only.
Listing Agent
Keyed Realty Collective LLC License #471021409 Listed on: 05/02/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,153
Year Built
- Built in 1928
Additional Features
- 3-Story Property
- Radiator
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $1,814
- Fuel Expense $5,443
- Insurance Expense $3,024
- Maintenance Expense $5,443
- Other Expense $2,419
- Trash Expense $1,210
- Water Sewer Expense $4,234
- Operating Expense $5,566
- Gross Income $86,400
- Net Operating Income $56,160
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 | $4,153 | $31,001 | $4,688 | $26,313 |
| 2024 | $4,153 | $31,001 | $4,688 | $26,313 |
| 2023 | $4,027 | $23,001 | $7,813 | $15,188 |
| 2022 | $4,027 | $23,001 | $7,813 | $15,188 |
| 2021 | $3,955 | $22,999 | $7,812 | $15,187 |
| 2020 | $3,405 | $18,386 | $5,625 | $12,761 |
| 2019 | $3,509 | $20,894 | $5,625 | $15,269 |
| 2018 | $3,449 | $20,894 | $5,625 | $15,269 |
| 2017 | $4,785 | $25,605 | $5,000 | $20,605 |
| 2016 | $4,628 | $25,605 | $5,000 | $20,605 |
| 2015 | $4,211 | $25,605 | $5,000 | $20,605 |
| 2014 | $4,939 | $26,618 | $4,375 | $22,243 |
| 2013 | $4,021 | $26,618 | $4,375 | $22,243 |
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/25/2026 06/25/26 | Pending | -- | -- | -- |
| 06/23/2026 06/23/26 | For Sale | $395,000 | 0.0% | -- |
| 06/05/2026 06/05/26 | Pending | -- | -- | -- |
| 05/29/2026 05/29/26 | For Sale | $395,000 | 0.0% | -- |
| 05/09/2026 05/09/26 | Pending | -- | -- | -- |
| 05/02/2026 05/02/26 | For Sale | $395,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12636350
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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.
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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