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6-Unit Apartment Building
New
For Sale
$899,555

6500 S Drexel Avenue, Chicago, IL 60637

Commercial Sale, Chicago, IL

Property SizeContact for details
Days on Market2

Property Features for 6500 S Drexel Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 18
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 10, Bedroom 5, Bathroom 6, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 9, Bedroom 1, Bathroom 4, Bedroom 8, Bedroom 17, Bedroom 18, Bedroom 6, Bedroom 15, Bedroom 16, Bedroom 11, Bedroom 14, Bedroom 12, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 7, Bathroom 5, Bedroom 13
Directions MARQUETTE RD TO DREXEL AVE ~ NORTH
Subdivision CHI - Woodlawn
Standard status Active
APN 20231130420000

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 12000

Utilities

Cooling system Window Unit(s)

Building Details

Year built 1894
Floors in Building 6
Number of units 6
Building materials Brick, Stone
Listing Agency: Sebastian Co. Real Estate
Listed By: Joanne DeMonte · License #475131538
Added: Oct 9 Last Checked: Oct 10 at 2:06AM
MLS# 12766326

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 6-unit apartment property dates to 1894 and is constructed of brick and stone. Each residence has three bedrooms; kitchens and bathrooms have been replaced, and the rooms feature high ceilings. All six apartments are tenant occupied. A partially finished basement provides additional storage, and the units have window air conditioning.

The building occupies the corner of Drexel Avenue and 65th Street in Chicago. Transit, the University of Chicago, the Obama Presidential Library, shopping, and restaurants are nearby.

Key Highlights

  • Six apartments, each with 3 bedrooms; all units are tenant occupied
  • Kitchens and bathrooms replaced in all six apartments
  • High ceilings and a partially finished basement with storage

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Kitchen & Bath Showroom Law Firm (Bike/Boat/Book/etc) Store HVAC Service Computer & Electronic Repair Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,127
Businesses Nearby

Demographics for 60637, IL

53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - All six apartments have three bedrooms and updated kitchens and bathrooms.
Where is this apartment building located?
The property is located at 6500 S Drexel Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $899,555.
What are key features of this property?
This property features: Six apartments, each with 3 bedrooms; all units are tenant occupied; Kitchens and bathrooms replaced in all six apartments; High ceilings and a partially finished basement with storage
More about this property
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