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Commercial > Multi-family / Apartments
Active
08/28/2025
List Price
$489,900

1839 Drake Ave
Chicago, IL 60623

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  • Malobo BannerMalobo Banner Square
    1839 Drake Ave, Chicago, IL 60623 is a 9 bed, 3 bath, 3,688 ft² multi-family/apartments property built in 1903 on a 0.072 acre lot with 2 construction permits. This multi-family/apartments is currently for sale for $489,900, and it was last sold in 2012 for $34,500.

    MLS Description

    The listing agent's description. Original Listing

    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 Agents

    The listing agent for 1839 Drake Ave is Alonzo Abron Jr.

    Permits

    1839 Drake Ave has 2 permit records.

    Permit History
    2
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    1839 Drake Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 1839 Drake Ave

    School Information

    Public/private schools serving 1839 Drake Ave

    Neighborhood

    This property is located in North Lawndale, Chicago, IL 60623.

    Market Trends

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    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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