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$475,000
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Property Description
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.
Full Property Details
Full Property Details for 1839 S Drake Ave
General
- Sold For: $475,000
- Taxes: $5,293 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12457520
- Added to Site: 190 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Parking
- Total Spaces: 2
- Parking Features: Yes
Location
- Area: CHI - North Lawndale
- County: Cook
- Driving Directions: From Roosevelt Rd, head south on Kedzie Ave, then west on 15th St to Drake Ave, property located just north of 19th St.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Full
- Year Built: 1903
- Built Before 1978: Yes
- Remodeled/Updated: 2024
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: .50 to .99 Acre
- Lot Dimensions: 3125
- Zoning: MULTI
Financial Considerations
- Assessment Year: 1903
- Tax Amount: $5,293
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16234080140000
Listed by A Progeny Global LLC
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Schools
Schools serving 1839 S Drake Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Crown Elementary Community Acd Fine Arts Center 2128 South Saint Louis Avenue, Chicago, IL 60623 | PK-8 | 0.2 mi |
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623 | 9-11 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1839 S Drake Ave
Date
Details
Price
Change
Source
2/09/2026
Sold
$475,000
-1.02%
MLS
11/20/2025
Price Reduced
$479,900
-2.04%
MLS
9/23/2025
Price Reduced
$489,900
-2%
MLS
9/18/2025
Price Reduced
$499,900
-0.02%
MLS
8/28/2025
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1839 S Drake Avenue, Chicago, IL 60623 (MLS# 12457520) is a Multi-Family property that was sold at $475,000 on February 09, 2026. Want to learn more about 1839 S Drake Avenue? Do you have questions about finding other Multi-Family real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.


