6347 S Drexel Avenue

Welcome to 6347 S. Drexel Ave - a beautifully rebuilt greystone three-flat that has been completely redone with more than $353,000 worth of work and upgrades. Located in the heart of rapidly developing Woodlawn. Fully gut-rehabbed in 2022 with a 203k loan, this property offers the perfect combination of timeless architecture and modern finishes, ideal for both investors and owner-occupants looking for a smart house hack opportunity using FHA, Conventional, or Va loan programs. Each of the three large 3-bedroom, 1-bath units features tall ceilings, hardwood floors, and sleek condo-quality upgrades. Kitchens include quartz countertops, shaker cabinetry, built-in microwaves, and slide-in ranges with overhead stainless steel vented hoods. Every unit also includes large front-load HE laundry machines and access to new oversized rear decks for easy indoor-outdoor living. The first-floor unit features 2 br 1 ba and is duplexed down to the basement. The basement features new roughed-in underground plumbing, drain tile drainage system, a back-flow valve, and a sump pump offering an opportunity for additional living space and thoughtful enhancements for the future owner. The first floor unit also features a walk-in closet and a sliding glass door that leads to the back deck off of the eat-in kitchen. The basement alone was over $60,000 worth of upgrades. Major system upgrades include new electrical, new plumbing, a new sewer line, new and upgraded main water supply for improved water pressure throughout the property, basement waterproofing, and professional spot tuckpointing around the entire building. New exterior improvements feature brand-new back porches and decks, new concrete work, a new back fence, refreshed landscaping, and a two-car garage. Ideally located just one block from the 63rd Green Line where the city has recently allocated $45 million dollars in structural and civil improvements. Within sight of the University of Chicago from the front of the property. Minutes from the future Obama Presidential Center, and close to Hyde Park's renowned dining, shopping, and lakefront attractions-this is a rare opportunity to own a fully updated multi-unit that was built to last in one of Chicago's most promising neighborhoods. The previous transaction successfully appraised, but the buyer got cold feet.