8226 S Drexel Avenue Chicago, IL ^$ 700,000

8226 S Drexel Avenue

^$ 700,000

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Open House 2/22 2pm - 4pm

8226 S Drexel Avenue

Chicago, IL, 60619

^$ 700,000

Bedrooms20 Baths0.0

Monthly Estimate*

^$ 4,310

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Multi-Family Home for sale in Chicago, IL

for $700,000 with 20 bedrooms. This home was built in 1924.

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!

Open House

2/22/2026 2:00 PM - 4:00 PM

8226 S Drexel Avenue Chicago, IL

* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

^$ 700,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 8,331

Style

Year Built

1924

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12572172

Features

General

Year Built 1924

Stories Count 3

Tax Year 2024

Gross Income 130800

County Cook

Net Operating Income 60000

Operating Expense 72000

Insurance Expense 6000

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 2000

Status New

Directions East on 83rd Street then head south on Drexel

City Chicago

Number Of Units Total 6

MLS Area CHI - Chatham

Tax Annual Amount 8331.5

Electric Expense 360

Fuel Expense 0

Trash Expense 1320

Water Sewer Expense 8400

Additional Parcels Y/N Y

Standard Status Active

Exterior

Lot Dimensions 50X125

* Excluded Features

List By

Keller Williams Preferred Realty

Broker

iam@aarondmgaines.com

Affordability Calculator

$5,004

Per Month

Monthly Principal & Interest: $4,310
Monthly Property Taxes: $694
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$605,411

Percent of Sale Price 14%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/20/2026	$700,000		Listed Price

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8226 S Drexel Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $700,000. 8226 S Drexel Avenue has 20 bedrooms, 0.0 baths, and was built in 1924. The property's zip code is 60619 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 2/21/2026.

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8226 S Drexel Avenue

Multi-Family Home for sale in Chicago, IL

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