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$299,000
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Property Description
Exciting Investment Opportunity in Woodlawn | 2-Flat Brick Building Located on the east side of Cottage Grove in the heart of Woodlawn, this classic 2-flat brick building presents an exceptional opportunity for investors, developers, or owner-occupants ready to bring a vision to life. The property is in need of a full gut renovation, making it a true blank canvas with tremendous upside in a rapidly improving area. The second-floor unit offers a generous layout featuring four bedrooms, a spacious living room, a separate dining room, a full-size bathroom, and a kitchen with a pantry. Original hardwood floors are in place and ready for restoration, and select electrical upgrades have already been completed. A skylight above the second-floor staircase floods the interior with natural light, adding character and architectural charm. The first-floor unit includes two bedrooms, one full bath, and a large kitchen, offering flexible living arrangements or strong rental potential. The full-height basement features approximately 7-foot ceilings with ingress and egress, making it ideal for an impressive in-law suite, duplex-down, or additional living space. The building will require a new roof and rear porch, allowing the next owner to design and build to modern standards With its solid brick construction, generous room sizes, and endless configuration possibilities, this property is perfectly positioned for a value-add renovation. Whether you envision a duplex-down, an owner's unit with rental income, or a fully rehabbed income-producing asset, the potential here is truly limitless.
Full Property Details
Full Property Details for 6351 S Drexel Ave
General
- Price: $299,000
- Taxes: $1,184 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12541042
- Updated: 1/12/2026
- Added to Site: 9 day(s) ago
Interior
- Basement: Partially
Rooms
Bathrooms
- Total Bathrooms: 2
- Upper - Full Baths: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Detached, Garage
Location
- Area: CHI - Woodlawn
- County: Cook
- Township: South Chicago
- Driving Directions: 63RD TO DREXEL SOUTH TO PROPERTY
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Brownstone
- Architectural Style: Brownstone
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Partially Finished, Full
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 29 x 125
- Zoning: MULTI
Financial Considerations
- Tax Amount: $1,184.39
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 20231040130000
Listed by EXIT Strategy Realty
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Schools
Schools serving 6351 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 6351 S Drexel Ave
Date
Details
Price
Change
Source
1/06/2026
Listed
$299,000
382.26%
MLS
9/03/2010
Sold
$62,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6351 S Drexel Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,298
3%
$15,576
—
2022
$3,204
-11%
$15,576
-13%
2021
$3,588
-1%
$17,843
9%
2020
$3,639
-1%
$16,336
-11%
2019
$3,688
-9%
$18,355
-10%
2018
$4,050
295%
$20,501
331%
2017
$1,025
7%
$4,761
—
2016
$954
-71%
$4,761
-73%
2015
$3,241
75%
$17,688
77%
2014
$1,855
2%
$10,000
—
2013
$1,819
-26%
$10,000
-27%
2012
$2,450
—
$13,655
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6351 S Drexel Ave
6351 S Drexel Avenue, Chicago, IL 60637 (MLS# 12541042) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 6351 S Drexel Avenue is currently listed for $299,000 and was received on January 06, 2026. Want to learn more about 6351 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.

