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Six-Unit Apartment Building
For Sale
$374,900

8620 South Drexel Avenue, Chicago, IL 60619

Three-level property with varied floor plans in Chicago’s Chatham neighborhood.

Property Size6,300 SF
Price / SF$59.51
Days on Market142

Property Features for 8620 South Drexel Avenue

General Information

Standard status Active
Size 6,300 SF
Property subtype Multi Family 5+ / Multi Family 5+-Garden Complex
Zoning MULTI

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $6,208

Building Details

Year Built 1932
Stories 3
Listing Agency: Goldtree Realty
Listed By: Julian · License #475184338
Source: Compass
Added: Apr 11 Changed: Aug 29 Last Checked: May 8 at 8:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goldtree Realty

Investment Insights

Based on property information with market context.

This contemporary apartment property contains six units arranged across three levels, with varied floor plans designed for different residential layouts. The exterior is maintained and includes an inviting entry and landscaped grounds.

Located at 8620 S. Drexel Ave in Chicago’s Chatham neighborhood, the property is near restaurants, shopping centers, parks, and recreational facilities. Major transportation arteries provide access throughout the city.

Key Highlights

  • Six‑unit apartment property
  • Units arranged across three levels
  • Varied floor plans across the property

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Skin Care Clinic HVAC Service Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

1,063
Businesses Nearby

Demographics for 60619, IL

63,303
Population
33,547
Households
1.9
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
6.1 sq mi
ZIP Area
10,378
Density / Sq Mi
$43,403
Median Household Income
$35,672
Median Earnings
$1,054
Median Rent
$213,000
Median Home Value

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 - Three-level property with varied floor plans in Chicago’s Chatham neighborhood.
Where is this apartment building located?
The property is located at 8620 South Drexel Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Six‑unit apartment property; Units arranged across three levels; Varied floor plans across the property
More about this property
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