1842 S Drake Avenue, Chicago, IL

$380,000

Overview

  • 346987
  • Property ID
  • Updated On:
  • April 20, 2026
  • 10
  • Bedrooms
  • 3
  • Bathrooms
  • 0 ft2
  • Property Lot Size

Description

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.

Bedrooms
3
5+
Climate Control
Heating
Garden
Yes
Parking
Garage
Other Features
Brick
Detached
Garage Owned
Lake Michigan
Natural Gas
Public Sewer

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$1,948.34
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 1,473.34

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Information for the property at 1842 S Drake Avenue, Chicago, IL, 60623 (Property ID: 346987) is deemed reliable but not guaranteed. Property details, pricing, and availability are subject to change without notice. Buyers should independently verify all information before making any real estate decisions.

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Sunita Kakarlapudi