Log In/Sign Up
Your email has been sent.
1842 S Drake Ave
Chicago, IL 60623
1842 S Drake Ave, Chicago, IL · Multifamily Property For Sale
·
3 Units
Investment Highlights
- Value-add opportunity, currently underpriced rents
- Nearby public transportation.
- Renovated units. Separate utilities.
Executive Summary
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.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $1,451 CAD | 1,100 |
| 4+1.5 | 3 | $1,486 CAD | 1,100 |
| 3+1 | 1 | - | 1,100 |
Property Taxes
| Parcel Number | 16-23-400-084-0000 | Improvements Assessment | $31,589 CAD |
| Land Assessment | $6,256 CAD | Total Assessment | $37,845 CAD |
Property Taxes
Parcel Number
16-23-400-084-0000
Land Assessment
$6,256 CAD
Improvements Assessment
$31,589 CAD
Total Assessment
$37,845 CAD
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
