Illinois
Chicago
1839 S Drake Avenue

$500,000

1839 S Drake Avenue, Chicago, IL 60623

9 beds |
3 baths

Multi-Family Home
Built in 1903
—— sqft lot
—— car garage
$——/sqft
Listed 11 days ago

Property Description

Beautifully updated brick 2-flat with a finished non-conforming garden unit located in the heart of Chicago's North Lawndale neighborhood. Recent renovations include updated electrical and plumbing, newer HVAC, in-unit washer/dryer hookups, and refreshed interiors throughout. Each apartment features spacious layouts, modern kitchens with granite countertops, and upgraded bathrooms. Unit Mix: Unit 1: 3 bedrooms / 1 bathroom Unit 2: 4 bedrooms / 1 bathroom Garden Apartment (non-conforming): 2 bedrooms / 1 bathroom All units are currently occupied on month-to-month leases, providing immediate income with the flexibility to adjust rents to market levels. Market comps suggest 3- and 4-bedroom units in the area rent between $1,700-$1,900/month, while the garden apartment is conservatively valued at $1,300/month. Perfect for investors seeking strong cash flow, rental upside, and a fully modernized property in one of Chicago's most actively revitalizing communities.

Listing Status:: Active
Listing Office:: A Progeny Global LLC : 708-829-0511
Listing Agent:: Alonzo Abron Jr : 708-829-0511
MLS ID:: 12457520

Basement: FinishedFull
Heating: Natural Gas

This listing courtesy of Alonzo Abron Jr, A Progeny Global LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Dvorak Technology Academy

3615 W 16th St, Chicago, IL, 60623

Grades KG-8

0.20 miles away

Dvorak Technology Academy

3615 W 16th St, Chicago, IL, 60623

Grades KG-8

0.20 miles away

North Lawndale Preparatory Charter - Christiana

1615 S Christiana Ave, Chicago, IL, 60623

Grades 9-12

0.31 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.