1632 S Drake Avenue Chicago, IL ^$ 579,900

1632 S Drake Avenue

^$ 579,900

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1632 S Drake Avenue

Chicago, IL, 60623

^$ 579,900

Bedrooms8 Baths2.0

Monthly Estimate*

^$ 4,005

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Multi-Family Home for sale in Chicago, IL

for $579,900 with 8 bedrooms and 2 full baths. This home was built in 1910.

Beautifully rehabbed 2-unit Greystone that blends classic Chicago character with modern updates! Each unit offers 4 bedrooms and 1 bath, with gleaming hardwood floors, high ceilings, oversized original trim, and abundant natural light. Updated kitchens feature white shaker cabinetry, granite countertops, subway tile backsplash, and stainless steel appliances, and both units have central air for year-round comfort. The finished basement added space that can be used as an in-law arrangement. 2-car garage completes the package. With units currently leased at $1,975 and $1,950, for rental income from day 1. Conveniently located near the Pink Line, shopping, and dining. A move-in ready Greystone with solid rental income. Don't miss it!

Multi-Family Active

Price

^$ 579,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,002

Style

Year Built

1910

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12793050

Features

General

Sewer Public Sewer

Heating Gas Steam

Possession Closing

Garage Spaces 2

Construction Materials Stone

Year Built 1910

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 E/W On Ogden Ave to Drake Ave go N to 1632

City Chicago

High School District 299

MLS Area CHI - North Lawndale

Tax Annual Amount 5002.56

Additional Parcels Y/N N

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Unfinished Full

Total Bedrooms 8

Total Baths 2

Bedrooms Possible 8

Full Baths Building 2

Half Baths Building 0

Total Number of Units 2

Exterior

Parking Features Yes Garage Owned Detached Garage

Water Source Lake Michigan

Total Parking 2

Lot Dimensions 60 X 125

Waterfront Y/N N

* Excluded Features

List By

Realty Of America, Llc

Broker

luis.perez@realtyofamerica.com; homesbyluisperez@gmail.com

Affordability Calculator

$4,422

Per Month

Monthly Principal & Interest: $4,005
Monthly Property Taxes: $417
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$646,197

Percent of Sale Price 11%

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
10/23/2026	$579,900		Listed Price

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1632 S Drake Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $579,900. 1632 S Drake Avenue has 8 bedrooms, 2.0 baths, and was built in 1910. 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 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.

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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Data is updated as of 10/24/2026.

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1632 S Drake Avenue

Multi-Family Home for sale in Chicago, IL

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