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$727,500
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Property Description
$15,000 seller credit and a low interest rate! A Greystone rebuilt with permits 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.
Full Property Details
Full Property Details for 6347 S Drexel Ave
General
- Sold For: $727,500
- Taxes: $4,658 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12464172
- Added to Site: 132 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 8
Additional Information
- Equipment: Security System, Carbon Monoxide Detectors, Ceiling Fan(s), Sump Pump
- Other Features: School Bus Service, Commuter Bus, Commuter Train, Interstate Access
Exterior
- Exterior Features: Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Parking On-Site: Yes
Location
- Area: CHI - Woodlawn
- County: Cook
- Driving Directions: Travel West on E 63rd St turn Left to S. Maryland Ave. turn Left to E. 64th St. Turn left to S Drexel Ave to property.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan, Public
Structural Information
- Architectural Style: Greystone
- Construction: Brick, Stone
- Exterior Const.: Brick, Stone
- Basement Desc.: Unfinished, Bath/Stubbed, Full, Walk-Out Access
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Asphalt, Rubber
- Year Built: 1892
- Built Before 1978: Yes
- Remodeled/Updated: 2023
Unit Information
- Units in Building: 3
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25' x 125'
- Fence: Yes
- Zoning: MULTI
- Fencing (Description): Fenced
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1892
- Tax Amount: $4,658.19
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 20231040110000
Listed by Compass
Sold by Keller Williams Preferred Rlty
Get Pre-Approved Today
Schools
Schools serving 6347 S Drexel Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Wadsworth PreK-8th STEM School 6650 South Ellis Avenue, Chicago, IL 60637 | PK-8 | 0.3 mi |
Hyde Park Academy High School 6220 South Stony Island Avenue, Chicago, IL 60637 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6347 S Drexel Ave
Date
Details
Price
Change
Source
10/14/2025
Sold
$727,500
-2.35%
MLS
9/05/2025
Listed
$745,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6347 S Drexel Avenue, Chicago, IL 60637 (MLS# 12464172) is a Multi-Family property that was sold at $727,500 on October 14, 2025. Want to learn more about 6347 S Drexel Avenue? Do you have questions about finding other Multi-Family real estate for sale in Woodlawn? You can browse all Woodlawn real estate or contact a Coldwell Banker agent to request more information.

