8237 South Drexel Avenue

Chicago, IL 60619

$400,000
Price
8
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing 5-unit property in the Chatham neighborhood! This fully occupied professionally managed building is in great condition and very well-maintained. This property consists of 2bed/1bath and 1bed/bath units with 4 of the units renovated within the last 1-2 years. The units feature luxury vinyl plank flooring and are all equipped with a refrigerator and stove. Major work completed on the property include a new roof installed, new rear porches installed, and extensive masonry work all completed...Amazing 5-unit property in the Chatham neighborhood! This fully occupied professionally managed building is in great condition and very well-maintained. This property consists of 2bed/1bath and 1bed/bath units with 4 of the units renovated within the last 1-2 years. The units feature luxury vinyl plank flooring and are all equipped with a refrigerator and stove. Major work completed on the property include a new roof installed, new rear porches installed, and extensive masonry work all completed in 2018. This property is perfect for the savvy investor to start collecting rent immediately as the property is occupied with great tenants in place!
  1. Listed by Jeremy Lenon • Paragon Property Management

Property Details for 8237 South Drexel Avenue

Area
CHI - Chatham
Township
Hyde Park
Num of Interior Fireplaces
0
LISTING UPDATED: 01/10/2025 04:47 PM

Property Details for 8237 South Drexel Avenue

StatusNew
MLS #12268665
Days on Market5
Taxes$3,205 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Other
Year Built1964
Lot Size0.09 AC / 4,125 SF
CountyCook County

Building Information for 8237 South Drexel Avenue

Stories3Residences5Year Built1964Building Size-Lot Size0.09 AC / 4,125 SF

Property Information for 8237 South Drexel Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • # Of Washers: 0
  • Basement Description: Unfinished
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 5
  • Washer/Dryer Lsd: No
  • # Of Dryers: 0
  • # Of Dishwashers: 0
  • Num of Baths: 5.0
Property/Lot Information
  • Tenant Pays: Electricity, Heat, Sewer
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Other
  • Lot Dimensions: 4125
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Building Area Total: 3649
  • Lot Size Source: County Records
  • # Of Ranges: 5
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 36
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $481.00
  • Fuel Expense: $964.00
  • Gross Income: $56,880.00
  • Gross Scheduled Income: $62,100.00
  • Insurance Expense: $4,372.00
  • Maintenance Expense: $1,194.00
  • Janitor Expense: 1345
  • Total Monthly Income: 5175
  • Net Operating Income: $46,598.00
  • Operating Expense: $15,502.00
  • Other Expense: $.00
  • Trash Expense: $2,379.00
  • Water Sewer Expense: $1,767.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 8237 South Drexel Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8237 South Drexel Avenue

Taxable ValueLand$5,156Additions$10,035Total$15,191
Tax Record2022$3,125 ($260 / month)
Home Facts
Baths4Total Finished SqFt3,649 SqFtAbove Grade Finished SqFt3,649 SqFtStories2Lot Size4,125 SqFtStyleMulti-Family Res (5+ Units)Year Built1965CountyCOOKAPN20-35-122-010

Schools near 8237 South Drexel Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 9 to 12
Rating
School
Distance
Ashe Elementary School
PublicPK to 8

Hirsch Metropolitan High School
Public9 to 12

CICS Avalon
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8237 South Drexel Avenue is a multi-family home for sale in Chicago, IL 60619. This property was listed for sale on January 10, 2025 by Paragon Property Management, it's currently listed at $400,000. It has been on the market for a total of 5 days and was last sold on December 28, 2017. This listing's school district is Chicago Public Schools. Nearby schools include Ashe Elementary School, Hirsch Metropolitan High School and CICS Avalon. 8237 South Drexel Avenue is a 8-bed, 5-bath, multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Paragon Property Management

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 01/10/2025 04:47 PM. 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.