1842 South Drake Avenue, Chicago, IL, 60623
$380,000
10
Beds
3
Baths
0.07
Acres
About 1842 South Drake Avenue
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.
Additional Information: This property is located in the CHI - North Lawndale neighborhood, IL. This 10 bedrooms two to four units property is priced at $380,000.
Facts & Features
| MLS® # | 12509735 |
|---|---|
| Price | $380,000 |
| Bedrooms | 10 |
| Bathrooms | 3.00 |
| Taxes | $2,540 |
| Acres | 0.07 |
| Year Built | 1906 |
| Type | Residential Income |
| Sub-Type | Two to Four Units |
| Status | New |
Community Information
| Address | 1842 South Drake Avenue |
|---|---|
| Area | CHI - North Lawndale |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60623 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Yes, Garage Owned, Detached, Garage |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Fireplace | No |
| Has Basement | Yes |
| Basement | Finished, Full, Walk-Out Access |
Exterior
| Exterior | Brick |
|---|
School Information
| District | 299 |
|---|
Additional Information
| Days on Market | 4 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $2,540 |
Listing Details
| Office | Equity Realty |
|---|---|
| Contact Info | 630-990-2133 |
Listing Map
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