1842 S Drake Avenue Chicago, IL $ 380,000
1842 S Drake Avenue
$ 380,000
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1842 S Drake Avenue

Chicago, IL, 60623
$ 380,000
Bedrooms10 Baths3.0

Monthly Estimate*

$ 2,371

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Multi-Family Home for sale in Chicago, IL

for $380,000 with 10 bedrooms and 3 full baths. This home was built in 1906 on a lot size of 0.07.

Discover this wonderful brick 3-flat situated in the heart of Chicago's vibrant North Lawndale neighborhood. Located less than a block from the renowned Farm on Ogden, a year-round indoor market offering fresh produce and community programs, and just minutes from the historic Douglass Park Field House-a 173-acre park featuring lagoons, playgrounds, soccer fields, and cultural events. Each of the three spacious units is currently occupied, providing immediate rental income-a true turn-key investment opportunity. Whether you're an investor seeking a cash-flowing asset or a homeowner looking to reside in one unit while renting the others, this property offers flexibility and potential. Commuters will appreciate the proximity to the Pink Line, just a short 3-minute walk away, ensuring easy access to downtown Chicago and beyond. The area is also well-served by major expressways and local amenities, enhancing its appeal to tenants and residents alike. Don't miss out on this exceptional opportunity to own a piece of Chicago's thriving real estate market. Seller is a licensed real estate broker.

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Multi-Family Active

Price

$ 380,000

Bedrooms

10

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,540

Style

Lot Size

0.07

Year Built

1906

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12509735

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing Tenant's Rights
Garage Spaces 2
Construction Materials Brick
Year Built 1906
Township West Chicago
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 14
Status Active
Directions Ogden Ave to Drake to home
City Chicago
High School District 299
MLS Area CHI - North Lawndale
Tax Annual Amount 2540
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full Walk-Out Access
Total Bedrooms 10
Total Baths 3
Bedrooms Possible 10
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes Garage Owned Detached Garage
Water Source Lake Michigan
Total Parking 2
Lot Dimensions 25X125
Lot Size Acres 0.07
Waterfront Y/N N
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* Excluded Features
List By
Equity Realty

Broker

JOHN543@MSN.COM

Email

Affordability Calculator

$2,582
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,371
Monthly Property Taxes
$212
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
11/3/2025$380,000 Listed Price

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1842 S Drake Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $380,000 with a lot size of 0.07. 1842 S Drake Avenue has 10 bedrooms, 3.0 baths, and was built in 1906. The property's zip code is 60623 which is in Chicago, IL