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$380,000

  • For Sale
  • Active
  • Multi-Family
  • 10 Total Beds
  • 2 Car Garage
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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.

Full Property Details for 1842 S Drake Ave

General

  • Price: $380,000
  • Taxes: $2,540 (2023)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12509735
  • Updated: 12/25/2025
  • Added to Site: 75 day(s) ago

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 10

Additional Information

  • Other Features: Commuter Bus, Commuter Train, Interstate Access

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 2
  • Parking Features: Yes, Garage Owned, Detached, Garage

Location

  • Area: CHI - North Lawndale
  • County: Cook
  • Township: West Chicago
  • Driving Directions: Ogden Ave to Drake to home

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full, Walk-Out Access
  • Year Built: 1906
  • Built Before 1978: Yes
  • Remodeled/Updated: 2015

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 125

Financial Considerations

  • Assessment Year: 1906
  • Tax Amount: $2,540
  • Tax Year: 2023
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16234000840000

Listed by Equity Realty

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— 1842 S Drake Ave —

  • Equity Realty

  • Equity Realty

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1842 S Drake Ave

School District:Chicago Public School District 299
NameGradesDistance
Dvorak Technology Acad Elementary School
3615 West 16th Street, Chicago, IL 60623
K-80.2 mi
Farragut Career Academy High School
2345 South Christiana Avenue, Chicago, IL 60623
9-110.5 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 1842 S Drake Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/03/2025
Listed
$380,000
375%
MLS
1/22/2014
Sold
$80,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1842 S Drake Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,540
3%
$11,999
—
2022
$2,476
2%
$11,999
—
2021
$2,421
-16%
$11,999
-7%
2020
$2,892
-4%
$12,939
-13%
2019
$2,998
2%
$14,873
—
2018
$2,947
5%
$14,873
14%
2017
$2,808
8%
$13,000
—
2016
$2,604
-11%
$13,000
-19%
2015
$2,941
4%
$16,051
5%
2014
$2,834
-10%
$15,274
-12%
2013
$3,151
1%
$17,327
—
2012
$3,109
—
$17,327
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1842 S Drake Avenue, Chicago, IL 60623 (MLS# 12509735) is a Multi-Family property with 3 units containing 10 bedrooms and 0 full bathrooms. 1842 S Drake Avenue is currently listed for $380,000 and was received on November 03, 2025. Want to learn more about 1842 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.

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