$745,000
6347 S Drexel Avenue
Chicago, IL, 60637
Major Price improvement plus up to $15,000 seller credit! A fully rebuilt Greystone in vibrant Woodlawn. This 2023 gut-rehab blends historic elegance with modern upgrades. Potential rental income of up to $6,000/month. With the seller’s credits you can reduce your mortgage payment to around $4,000, offering up to a potential $2,000 in monthly profit. The property features tall ceilings, hardwood floors, and condo-quality finishes like quartz countertops, shaker cabinets, and stainless steel appliances. Each unit has in-unit laundry and oversized decks. The first-floor includes a 2 bed/1 bath setup and is duplexed down with $60K in structural basement enhancements, providing future living space potential. Updates include new electrical, plumbing, main water line, main sewer line, and a 2-car garage. Located steps from the 63rd Green Line, near the University of Chicago, and close to the Obama Presidential Center, Hyde Park, and the lakefront. A unique opportunity to own a turnkey multi-unit in one of Chicago’s most dynamic neighborhoods.
Property Details
Price:
$745,000
MLS #:
MRD12378058
Status:
Active
Beds:
8
Baths:
3
Address:
6347 S Drexel Avenue
Type:
Multi Family
Neighborhood:
CHI – Woodlawn
City:
Chicago
Listed Date:
May 29, 2025
State:
IL
ZIP:
60637
Year Built:
1892
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Architectural Style
Greystone
Community Features
Park, Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick, Stone
Exterior Features
Balcony
Other Structures
Garage(s)
Parking Features
Garage Door Opener, On Site, Garage Owned, Detached, Garage
Parking Spots
2
Roof
Asphalt, Rubber
Financial
Tax Year
2023
Taxes
$4,658
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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6347 S Drexel Avenue
Chicago, IL
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