ClosedPrice Reduced

$479,900

$500,000
1839 Drake Avenue, Chicago, IL 60623
9 Beds3 Baths99 days
1839 Drake Avenue·Chicago, IL 60623
9Bedrooms
3Bathrooms
1903Year Built
About This Home

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.

MLS# 12457520Listed August 28, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms9
Total Bathrooms3
Total Rooms15

Size & Structure

Year Built1903
Lot Size3125

Location

CountyCook
TownshipWest Chicago
Zip Code60623

Financial

List Price$479,900
Original Price$500,000
Annual Taxes (2023)$5,293
Monthly Tax Est.$441
Parcel #16234080140000
Interior Features

Heating

Natural Gas

Basement

FinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

Yes
Tax & Financial
Annual Taxes
$5,293
Tax Year 2023
Monthly Tax Est.
$441
per month
Price Reduced by $20,100
Original list price: $500,000
Property Location

1839 Drake Avenue, Chicago, IL 60623 — Cook County

$479,900
1839 Drake Avenue
9 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
99 days on market
3125
$5,293/yr taxes
Price reduced $20,100
$2,963
estimated monthly payment
Principal & Interest
$2,522/mo
Property Tax
$441/mo
$479,900
20% — $95,980
3%50%
6.875%
3%12%
Loan Amount
$383,920
Down Payment
$95,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
A Progeny Global LLC
Agent: Alonzo Abron Jr
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