1606 S Drake Avenue Chicago, IL ^$ 18,000

1606 S Drake Avenue

^$ 18,000

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1606 S Drake Avenue

Chicago, IL, 60623

^$ 18,000

Studio Baths0.0

Monthly Estimate*

^$ 112

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Studio

Lots and Land for sale in Chicago, IL

for $18,000.

Discover an incredible opportunity in the heart of North Lawndale! This RT-4 zoned land lot offers the perfect canvas for your next residential or multi-unit development. Ideally situated just off a major street, the property provides excellent visibility and accessibility while maintaining a sense of neighborhood charm. A rear alley offers convenient access for parking or future garage construction. Whether you're an experienced developer, a first-time builder, or someone with a vision for creating something special, this parcel is ready for your ideas. Conveniently located near public transportation, parks, and schools-and just minutes from downtown Chicago-this location perfectly combines convenience and opportunity.

Lots and Land Contingent

Price

^$ 18,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 903

Style

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12505730

Features

General

Utilities Unknown (verify)

Possession Closing

Township West Chicago

Tax Year 2023

Ownership Fee Simple

County Cook

Property Type Land Land

Contingency Attorney/Inspection

Status Contingent

Directions Turn left on 16th ST

City Chicago

High School District 299

MLS Area CHI - North Lawndale

Tax Annual Amount 903.34

Standard Status Active Under Contract

Middle/Junior School District 299

Elementary School District 299

Exterior

Total Parking 0

Lot Dimensions 125x25

Road Surface Type None

Frontage Length 25

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Exit Strategy Realty

Broker

tabren@thenextgengroup.co

Affordability Calculator

$188

Per Month

Monthly Principal & Interest: $112
Monthly Property Taxes: $75
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Lots and land listings in Chicago, IL

Average List Price ^$345,301

Percent of Sale Price 1,818%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/30/2025	$18,000		Listed Price

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1606 S Drake Avenue, Chicago, IL, 60623 is a Lots and Land for sale at $18,000. 1606 S Drake Avenue is a studio with 0.0 baths. The property's zip code is 60623 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/8/2025.

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1606 S Drake Avenue

Lots and Land for sale in Chicago, IL

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