IL
Cook
Chicago
60623
1839 S Drake Avenue
1839 S Drake Avenue, Chicago, IL 60623
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Listing Type
Multi Family
Listing Status
active
10
$500,000

Home Details for 1839 S Drake Avenue

Price
$500,000
Type
Residential Income
Bedrooms
9
Bathrooms
3.0
Square feet
NaN
Year built
1903
County
Cook
Total rooms
15
Garage
Basement
Finished, Full
Days on site
27
MLS Listing#
12457520
Property Description

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 Features
  • Basement
    • Finished
    • Full
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Parking
    • On Site
Listing Courtesy: A Progeny Global LLC - 708-629-0935
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-09-03 19:53:00. 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.
Last Updated: 2025-09-03 19:53:00
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1621 W. Walnut St #100, Chicago, IL 60612
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312 834 4383
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