Chicago, IL 60623,1839 S Drake AVE
Chicago, IL 60623,1839 S Drake AVE
Chicago, IL 60623,1839 S Drake AVE
Chicago, IL 60623,1839 S Drake AVE
Chicago, IL 60623,1839 S Drake AVE
Chicago, IL 60623,1839 S Drake AVE
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$ 500,000
Est. payment | /mo

9 Beds

3 Baths


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$ 500,000
Est. payment | /mo
Save

9 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12457520

Bedrooms 9

Year Built 1903

Annual Tax Amount $5,293

Tax Year 2023

Lot Dimensions 3125

Property Sub-Type Two to Four Units

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.

Location

State IL

County Cook

Area Chi - North Lawndale

Zoning MULTI

Rooms

Basement Finished, Full

Interior

Heating Natural Gas

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) IDX
Listed by Alonzo Abron Jr • A Progeny Global LLC
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+1(630) 878-9868

melissagarcia@legacypropertiesil.com

217 Capitol Dr, Sugar Grove, IL, 60554, USA

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1839 S Drake AVE