2435 S Drake Avenue Chicago, IL $ 499,000
2435 S Drake Avenue
$ 499,000
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2435 S Drake Avenue

Chicago, IL, 60623
$ 499,000
Bedrooms8 Baths3.0

Monthly Estimate*

$ 3,446

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Multi-Family Home for sale in Chicago, IL

for $499,000 with 8 bedrooms and 3 full baths. This home was built in 1902 on a lot size of 0.08.

Excellent opportunity to own a legal 3-unit building in Chicago's dynamic Little Village neighborhood! This spacious multifamily property offers a total of 8 bedrooms and 3 bathrooms, featuring two 3-bedroom, 1-bathroom apartments and a 2-bedroom, 1-bathroom garden unit. All three apartments feature updated kitchens and bathrooms with modern finishes, including contemporary cabinetry, stainless steel appliances, attractive countertops, and subway tile backsplashes. The interiors blend classic Chicago charm with modern conveniences, showcasing beautiful hardwood floors, original wood trim, large windows, recessed lighting, and generously sized living spaces. Additional highlights include abundant natural light, spacious bedrooms, and a fenced backyard. Conveniently located near shopping, restaurants, public transportation, and major roadways. With three legal units, desirable bedroom configurations, and extensive updates already completed, this property is an excellent opportunity for investors seeking rental income or owner-occupants looking to live in one unit while generating income from the others.

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Multi-Family Active

Price

$ 499,000

Bedrooms

8

Full Bath

3

Property Type

Multi-Family

Taxes

$ 5,626

Style

Lot Size

0.08

Year Built

1902

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12781833

Features
General
Sewer Public Sewer
Heating Steam Space Heater
Possession Negotiable Tenant's Rights
Zoning MULTI
Garage Spaces 3
Construction Materials Brick
Year Built 1902
Township West Chicago
Tax Year 2025
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 19
Status New
Directions 22nd St to Drake Ave South to Property
City Chicago
High School District 299
MLS Area CHI - South Lawndale
Tax Annual Amount 5626.99
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 8
Total Baths 3
Bedrooms Possible 8
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 3
Lot Dimensions 25X125
Lot Size Acres 0.08
Waterfront Y/N N
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* Excluded Features
List By
Forte Properties, Inc.

Broker

fortesaleschicago@gmail.com

Email

Affordability Calculator

$3,915
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,446
Monthly Property Taxes
$469
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
10/9/2026$499,000 Listed Price

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2435 S Drake Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $499,000 with a lot size of 0.08. 2435 S Drake Avenue has 8 bedrooms, 3.0 baths, and was built in 1902. The property's zip code is 60623 which is in Chicago, IL