8346-48 S Drexel Avenue Chicago, IL $ 395,000
8346-48 S Drexel Avenue
$ 395,000
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8346-48 S Drexel Avenue

Chicago, IL, 60619
$ 395,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 2,432

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Multi-Family Home for sale in Chicago, IL

for $395,000 with 4 bedrooms. This home was built in 1928.

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; the images do not reflect actual current condition as the property is being cleaned out.

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Multi-Family Active

Price

$ 395,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 4,153

Style

Year Built

1928

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12636350

Features
General
Possession Closing
Zoning MULTI
Year Built 1928
Stories Count 3
Tax Year 2024
Gross Income 86400
County Cook
Net Operating Income 56160
Operating Expense 5566
Insurance Expense 3024
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 5443
Status New
Directions Take East 83rd Street to Drexel turn south onto Drexel to address
City Chicago
Number Of Units Total 6
MLS Area CHI - Chatham
Tax Annual Amount 4153
Electric Expense 1814
Fuel Expense 5443
Trash Expense 1210
Water Sewer Expense 4234
Additional Parcels Y/N N
Standard Status Active
Cap Rate 14.2
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Exterior
Lot Dimensions 6250
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* Excluded Features
List By
Keyed Realty Collective Llc

Broker

kmcclintonrealtor@gmail.com;kmcclintonlo@yahoo.com

Email

Affordability Calculator

$2,778
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,432
Monthly Property Taxes
$346
Monthly 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/2/2026$395,000 Listed Price

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8346-48 S Drexel Avenue, Chicago, IL, 60619 is a Multi-Family Home for sale at $395,000. 8346-48 S Drexel Avenue has 4 bedrooms, 0.0 baths, and was built in 1928. The property's zip code is 60619 which is in Chicago, IL