2800 S Drake Avenue Chicago, IL $ 495,900
2800 S Drake Avenue
$ 495,900
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2800 S Drake Avenue

Chicago, IL, 60623
$ 495,900
Bedrooms-- Baths--
2800 S Drake Avenue, Chicago, IL 60623 - Image 1
2800 S Drake Avenue, Chicago, IL 60623 - Image 2
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Property for Rent in Chicago, IL

for $495,900. This property was built in 1915 on a lot size of 0.150046.

La Villita/Little Village South Lawndale Neighborhood, Rare opportunity Mix-Use Store front with 3 additional units and a Vacant Side Lot (2804 S Drake) with separate PIN. Property has been in the family for over 40 years. Be your own Boss and operate your own business. Building Offers street level storefront currently mom & pop grocery store. The residential portion consists of 1st Floor 4 Room 2 Bedroom, 1 Bath; 2nd Floor Front unit 6 Rooms 3 Bedrooms & 1 Bath; 2nd Floor Rear Unit 4 Rooms 2 Bedrooms & 1 Bath. Full Unfinished Basement for additional Storage plus 2 Car Detached Garage. All utilities are separate, radiators & wall space heaters in units. The current rental income is below market value due to long term tenants. Property has tons of Vintage Charm with original mill work, built ins but being sold "AS IS" with tons of potential just need your renovation ideas for today's needs for market rental income. Roof approx. 2017 Located near El Arco de La Villita/26th Street Commercial Corridor-one of the highest-grossing shopping neighborhoods in the city, filled with Restaurants, Shopping, Banks, Street Vendors, Murals-Minutes from I-55 & I-290 Expressways, Public Transportation, Midway Airport, 26th Street/Blue Island Avenue for a quick drive to Downtown Chicago and all that the City has to offer.

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Rental Contingent

Price

$ 495,900

Taxes

$ 1,500

Style

Lot Size

0.150046

Year Built

1915

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12788001

Features
General
Cooling Window Unit(s)
Possession Closing Tenant's Rights
Zoning MULTI
Construction Materials Brick
Year Built 1915
Electric Circuit Breakers
Tenant Pays Electricity Heat
Stories Count 2
Township West Chicago
Tax Year 2025
Gross Income 2800
Additional Parcels Description 16264160230000
County Cook
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Contingency Attorney/Inspection
Possible Use Retail
Status Contingent
Directions North or South on Kedzie Avenue (3200) to 28th Street West to Drake Avenue. Property on Corner
City Chicago
Number Of Units Total 4
MLS Area CHI - South Lawndale
Lot Size Square Feet 6536
Tax Annual Amount 1500.31
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Lease Type N/A
Standard Status Active Under Contract
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Exterior
Lot Dimensions 50 x 125
Frontage Type City Street
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* Excluded Features
List By
Acevedo Realty Group

Broker

jovitaacevedo@aol.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/23/2026$495,900 Listed Price

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2800 S Drake Avenue, Chicago, IL, 60623 is a Property for Rent at $495,900 with a lot size of 0.150046. 2800 S Drake Avenue was built in 1915. The property's zip code is 60623 which is in Chicago, IL