$500,000
1839 S Drake Avenue
Chicago, IL, 60623
Beautifully updated brick 2-flat with a finished non-conforming garden unit located in the heart of Chicago’s North Lawndale neighborhood. Recent renovations include updated electrical and plumbing, newer HVAC, in-unit washer/dryer hookups, and refreshed interiors throughout. Each apartment features spacious layouts, modern kitchens with granite countertops, and upgraded bathrooms. Unit Mix: Unit 1: 3 bedrooms / 1 bathroom Unit 2: 4 bedrooms / 1 bathroom Garden Apartment (non-conforming): 2 bedrooms / 1 bathroom All units are currently occupied on month-to-month leases, providing immediate income with the flexibility to adjust rents to market levels. Market comps suggest 3- and 4-bedroom units in the area rent between $1,700-$1,900/month, while the garden apartment is conservatively valued at $1,300/month. Perfect for investors seeking strong cash flow, rental upside, and a fully modernized property in one of Chicago’s most actively revitalizing communities.
Property Details
Price:
$500,000
MLS #:
MRD12457520
Status:
Active
Beds:
9
Baths:
3
Type:
Multi Family
Neighborhood:
CHI – North Lawndale
Listed Date:
Aug 28, 2025
Year Built:
1903
Schools
School District:
299
Interior
Heating
Natural Gas
Exterior
Construction Materials
Brick
Parking Features
On Site
Parking Spots
2
Financial
Tax Year
2023
Taxes
$5,293
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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Current real estate data for Multi Family in Chicago as of Sep 02, 2025
1,491
Multi Family Listed
83
Avg DOM
$498,423
Avg List Price
Community
- Address1839 S Drake Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60623
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Property Summary
- 1839 S Drake Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60623. It is listed for $500,000 To schedule a showing of MLS#mrd12457520 at 1839 S Drake Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
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1839 S Drake Avenue
Chicago, IL
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