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$999,000 Contingent

  • For Sale
  • Contingent
  • Commercial
  • 8,553 Sq. Ft.
  • Updated 2 days ago
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Fully rehabbed, turnkey six-unit building in booming Chatham. 6 3-bed/2-bath units. Listed at an 11 CAP with long-term appreciation, low expenses, and strong cash flow

Full Property Details for 8139 S Drexel Ave

General

  • Price: $999,000
  • Taxes: $7,500 (2024)
  • Status: Contingent
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12574375
  • Updated: 2/23/2026
  • Added to Site: 4 day(s) ago

Interior

  • Basement: Unfinished
  • Interior Features: Laundry Room
  • Fireplace: Yes
  • Number of Fireplaces: 6

Additional Information

  • Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors

Location

  • Area: CHI - Chatham
  • County: Cook
  • Township: Hyde Park
  • Driving Directions: 79th East to Drexel, south on Drexel to 81st Street.

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Gas

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Stories/Levels: 3
  • Square Feet: 8,553
  • Current Bldg. Use: Multi-Family
  • Year Built: 1928
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6
  • # Dryers: 2

Lot Features

  • Lot Size (Acres): 0.29
  • Lot Size (Sq. Ft.): 6,250
  • Lot Dimensions: 12689
  • Frontage: City Street
  • Potential Use: Multi-Family
  • Zoning: MULTI

Financial Considerations

  • Operating Expenses: $30,000
  • Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors
  • Assessment Year: 1928
  • Tax Amount: $7,500
  • Tax Year: 2024
  • Tenant Pays: Air Conditioning, Electricity, Heat

Disclosures and Reports

  • Property ID: 20351160090000

Listed by Fulton Grace Realty

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Listing agent

— 8139 S Drexel Ave —

  • Fulton Grace Realty

lawrence@fultongrace.com

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 8139 S Drexel Ave

School District:Chicago Public School District 299
NameGradesDistance
Ashe Elementary School
8505 South Ingleside Avenue, Chicago, IL 60619
PK-80.5 mi
Hirsch Metropolitan High School
7740 South Ingleside Avenue, Chicago, IL 60619
9-120.5 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 8139 S Drexel Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/21/2026
Listed
$999,000
364.65%
MLS
8/30/2023
Sold
$215,000
—
Public Record
Get Price Alerts and Save Property
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 for 8139 S Drexel Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,165
3%
$14,999
—
2022
$3,085
2%
$14,999
—
2021
$3,016
-62%
$14,999
-57%
2020
$7,842
-2%
$35,203
-12%
2019
$8,037
2%
$40,004
—
2018
$7,902
179%
$40,004
56%
2017
$2,828
-45%
$25,672
—
2016
$5,142
9%
$25,672
—
2015
$4,704
-7%
$25,672
-6%
2014
$5,082
2%
$27,392
—
2013
$4,982
1%
$27,392
—
2012
$4,915
—
$27,392
—
View All
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 for 8139 S Drexel Ave

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Listed by Fulton Grace Realty

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8139 S Drexel Avenue, Chicago, IL 60619 (MLS# 12574375) is a Commercial property. 8139 S Drexel Avenue is currently listed for $999,000 and was received on February 21, 2026. Want to learn more about 8139 S Drexel Avenue? Do you have questions about finding other Commercial real estate for sale in Chatham? You can browse all Chatham real estate or contact a Coldwell Banker agent to request more information.

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