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.
Active
Price cut: $10K (9/23)
$489,900
1839 S Drake Ave, Chicago, IL 60623
9beds
--sqft
Est.:
Multi Family
Built in 1903
-- sqft lot
$490,700 Zestimate®
$--/sqft
$-- HOA
What's special
Finished non-conforming garden unitSpacious layoutsUpgraded bathrooms
- 70 days |
- 137 |
- 10 |
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