$489,900
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:
$489,900
MLS #:
MRD12457520
Status:
Active
Beds:
9
Baths:
3
Type:
Multi Family
Neighborhood:
chinorthlawndale
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
Map
Current real estate data for Multi Family in Chicago as of Sep 24, 2025
1,521
Multi Family Listed
81
Avg DOM
$499,221
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 $489,900 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.
1839 S Drake Avenue
Chicago, IL
