1839 S Drake Avenue, Chicago, IL 60623
Local realty services provided by:Results Realty ERA Powered
1839 S Drake Avenue,Chicago, IL 60623
$499,900
- 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:$499,900
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.
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Home facts
- Year built:1903
- Listing ID #:12457520
- Added:28 day(s) ago
- Updated:September 25, 2025 at 07:28 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:$499,900
- Tax amount:$5,293 (2023)
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