1839 S Drake Avenue, Chicago, IL 60623
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
1839 S Drake Avenue,Chicago, IL 60623
$500,000
- 9 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:alonzo abron jr
Office:a progeny global llc.
MLS#:12457520
Source:MLSNI
Price summary
- Price:$500,000
About this home
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.
Contact an agent
Home facts
- Year built:1903
- Listing ID #:12457520
- Added:1 day(s) ago
- Updated:August 28, 2025 at 02:40 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:3
- Full bathrooms:3
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1903
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$500,000
- Tax amount:$5,293 (2023)
New listings near 1839 S Drake Avenue
- New$249,900Active1 beds 1 baths800 sq. ft.
1340 N Dearborn Parkway #6d, Chicago, IL 60610
MLS# 12452081Listed by: KALE REALTY - New$425,000Active1 beds 2 baths1,000 sq. ft.
1515 N Wells Street #5C, Chicago, IL 60610
MLS# 12455345Listed by: JAMESON SOTHEBY'S INTL REALTY - New$315,000Active2 beds 2 baths1,250 sq. ft.
3930 N Pine Grove Avenue #801, Chicago, IL 60613
MLS# 12456500Listed by: AMERICAN INTERNATIONAL REALTY - New$2,900Active6 beds 2 baths
2639 N Whipple Street, Chicago, IL 60647
MLS# 12456922Listed by: KOMAR - New$250,000Active4 beds 2 baths1,766 sq. ft.
2319 W 71st Street, Chicago, IL 60636
MLS# 12457657Listed by: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE - New$265,000Active5 beds 2 baths1,755 sq. ft.
6619 S Hamilton Avenue, Chicago, IL 60636
MLS# 12457945Listed by: EXP REALTY - New$265,000Active1 beds 1 baths650 sq. ft.
4144 N Sheridan Road #407, Chicago, IL 60613
MLS# 12457960Listed by: REALTY EXECUTIVES ELITE - New$219,900Active4 beds 1 baths1,500 sq. ft.
9152 S Woodlawn Avenue, Chicago, IL 60619
MLS# 12458633Listed by: 360 REALTY & DEVELOPMENT, LLC - New$425,000Active4 beds 2 baths1,200 sq. ft.
10606 S Ridgeway Avenue, Chicago, IL 60655
MLS# 12450344Listed by: HEALY REAL ESTATE - New$329,999Active3 beds 3 baths1,527 sq. ft.
7129 S Michigan Avenue, Chicago, IL 60619
MLS# 12458579Listed by: KELLER WILLIAMS ONECHICAGO