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About the Listing 87642 - 896717
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 Highlights for 1839 S Drake Ave
Status
Active
Days on Site
19
Property Type
Multi-Family
MLS ®
12457520
Year Built
1903
Total Square Footage
0
Lot/Acreage
3125
Interior Details
- Bedrooms: 9
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 3125
- Zoning: MULTI
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Site
Financial Details
- Tax Amount: $5,293
- Taxes w/Assessments: N/A
- Tax/Property ID: 16234080140000
- Tax Year: 2023
Payment Calculator
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Listing Location
Questions About..
1839 S Drake Ave Chicago, IL 60623
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