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$ 380,000
Est. payment /mo
New
1842 S Drake AVE Chicago, IL 60623
6 Beds
3 Baths
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12339041
Bedrooms 6
Year Built 1906
Annual Tax Amount $2,540
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 25X125
Property Sub-Type Two to Four Units
Property Description
Discover this wonderful brick 3-flat situated in the heart of Chicago's vibrant North Lawndale neighborhood. Located less than a block from the renowned Farm on Ogden, a year-round indoor market offering fresh produce and community programs, and just minutes from the historic Douglass Park Field House-a 173-acre park featuring lagoons, playgrounds, soccer fields, and cultural events. Each of the three spacious units is currently occupied, providing immediate rental income-a true turn-key investment opportunity. Whether you're an investor seeking a cash-flowing asset or a homeowner looking to reside in one unit while renting the others, this property offers flexibility and potential. Commuters will appreciate the proximity to the Pink Line, just a short 3-minute walk away, ensuring easy access to downtown Chicago and beyond. The area is also well-served by major expressways and local amenities, enhancing its appeal to tenants and residents alike. Don't miss out on this exceptional opportunity to own a piece of Chicago's thriving real estate market. Seller is a licensed real estate broker.
Location
State IL
County Cook
Area Chi - North Lawndale
Rooms
Basement Finished, Full, Walk-Out Access
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jonathan Gil • Equity Realty
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