1839 S Drake Avenue Chicago, IL $ 479,900
1839 S Drake Avenue
$ 479,900
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1839 S Drake Avenue

Chicago, IL, 60623
$ 479,900
Bedrooms9 Baths3.0

Monthly Estimate*

$ 2,994

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1839 S Drake Avenue, Chicago, IL 60623 - Image 10

Multi-Family Home for sale in Chicago, IL

for $479,900 with 9 bedrooms and 3 full baths. This home was built in 1903.

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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Multi-Family Pending

Price

$ 479,900

Bedrooms

9

Full Bath

3

Property Type

Multi-Family

Taxes

$ 5,293

Style

Year Built

1903

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12457520

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1903
Township West Chicago
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status Pending
Directions From Roosevelt Rd head south on Kedzie Ave then west on 15th St to Drake Ave property located just north of 19th St.
City Chicago
High School District 299
MLS Area CHI - North Lawndale
Tax Annual Amount 5293
Standard Status Pending
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full
Total Bedrooms 9
Total Baths 3
Bedrooms Possible 9
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes
Water Source Public
Total Parking 2
Lot Dimensions 3125
Waterfront Y/N N
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* Excluded Features
List By
A Progeny Global Llc

Broker

alonzo@aprogenyglobal.com

Email

Affordability Calculator

$3,435
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,994
Monthly Property Taxes
$441
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$479,900 -2.04% Price Down
9/23/2025$489,900 -2.00% Price Down
9/18/2025$499,900 -0.02% Price Down
8/28/2025$500,000 Listed Price

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1839 S Drake Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $479,900. 1839 S Drake Avenue has 9 bedrooms, 3.0 baths, and was built in 1903. The property's zip code is 60623 which is in Chicago, IL