1842 S Drake Avenue Chicago IL 60623 MLS #MRD12339041

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 Details

Price:
$380,000
MLS #:
MRD12339041
Status:
Active
Beds:
10
Baths:
3
Address:
1842 S Drake Avenue
Type:
Multi Family
Neighborhood:
chinorthlawndale
City:
Chicago
Listed Date:
Apr 15, 2025
State:
IL
ZIP:
60623
Year Built:
1906

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Brick
Parking Features
On Site, Garage Owned, Detached, Garage
Parking Spots
2

Financial

Tax Year
2023
Taxes
$2,540

Listing Agent & Office

Jonathan Gil
Equity Realty

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