6351 South Drexel, Chicago IL 60637
$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.

Features & Information

Key Details

  • List Price $299,000
  • Property Taxes $1,184.39
  • Price/ Sq. Ft. Unavailable
  • Year Built U
  • Parking Type Garage
  • Status New

Rooms

  • Total Rooms 9
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2

Building Information

  • Number of Units 2
  • Age of Building Unknown
  • Exterior Construction Brick
  • Heating & Cooling Gas
  • Units

  • Unit 1 None
  • Unit 2 None

Location

  • County Cook
  • Township South Chicago
  • Corporate Limits Chicago
  • Directions to Property 63rd To Drexel South To Property
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 1184.39
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 20231040130000

Utilities

  • Sewer Sewer-Publ

Listed by: EXIT Strategy Realty | Phone: 312.554.5478
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 1/8/2026 10:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Woodlawn

This south side Chicago neighborhood is home to an idyllic golf course, two yacht clubs and a lovely public beach. Woodlawn's residents enjoy a community conveniently located near recreational parks, the scenic lakefront, and the bustling University of Chicago campus. The area has all types of real estate where folks from all walks of life happily make their home. Affordable detached houses with private yards and their own garage give families enough room to grow, and condominiums are great properties for students, couples and young families just starting out. A number of schools and academies are situated in Woodlawn, giving homeowners plenty of options for their children's education, without straying too far from home.

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