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$700,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • Updated 17 hours ago
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Set on a solid South Side block, this well-maintained 6-Unit offers the kind of immediate income + value-add upside investors chase. Four units are occupied by long-term tenants for steady in-place cash flow, while two units are vacant, giving you the rare ability to renovate, set market rents, and drive NOI from day one. Units feature generous layouts that support strong tenant demand, and the location keeps you close to everyday conveniences and public transportation-making this a smart play for buyers looking for a stabilized asset with built-in rent-growth potential. Run your numbers, schedule your private tour, and bring your best offer!

Full Property Details for 8226 S Drexel Ave

General

  • Price: $700,000
  • HOA FEE: $2,000
  • Taxes: $8,331 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12572172
  • Updated: 2/26/2026
  • Added to Site: 6 day(s) ago

Location

  • Area: CHI - Chatham
  • County: Cook
  • Driving Directions: East on 83rd Street then head south on Drexel

Heating & Cooling

  • Heating Type: Central Heat/Individual Controls

Utilities

  • Trash: 1320

Structural Information

  • Stories/Levels: 3
  • Year Built: 1924
  • Built Before 1978: Yes

Lot Features

  • Lot Dimensions: 50 x 125

Financial Considerations

  • Maint. Fee: $2,000
  • Insurance Fee: $6,000
  • Operating Expenses: $72,000
  • Other Fee: $1,200
  • Assessment Year: 1924
  • Tax Amount: $8,331.5
  • Tax Year: 2024
  • Pays Electric: 360
  • Pays Trash: 1320

Disclosures and Reports

  • Property ID: 20351210261001

Listed by Keller Williams Preferred Realty

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— 8226 S Drexel Ave —

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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!

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NMLS#: 1598647

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

Schools serving 8226 S Drexel Ave

School District:Chicago Public School District 299
NameGradesDistance
Ashe Elementary School
8505 South Ingleside Avenue, Chicago, IL 60619
PK-80.4 mi
Hirsch Metropolitan High School
7740 South Ingleside Avenue, Chicago, IL 60619
9-120.6 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 8226 S Drexel Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/20/2026
Listed
$700,000
3233.33%
MLS
6/23/2009
Sold
$21,000
—
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 8226 S Drexel Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,266
3%
$5,999
—
2022
$1,234
2%
$5,999
—
2021
$1,206
-33%
$5,999
-26%
2020
$1,807
—
$8,113
-10%
2019
$1,803
2%
$8,975
—
2018
$1,773
-3%
$8,975
5%
2017
$1,836
7%
$8,527
—
2016
$1,708
9%
$8,527
—
2015
$1,563
-29%
$8,527
-29%
2014
$2,216
2%
$11,943
—
2013
$2,172
1%
$11,943
—
2012
$2,143
—
$11,943
—
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 8226 S Drexel Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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8226 S Drexel Avenue, Chicago, IL 60619 (MLS# 12572172) is a Commercial property. 8226 S Drexel Avenue is currently listed for $700,000 and was received on February 20, 2026. Want to learn more about 8226 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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