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  • $475,000

    1839 S Drake Ave, Chicago, IL 60623

    9beds
    --sqft
    Multi Family
    Built in 1903
    -- sqft lot
    $485,000 Zestimate®
    $--/sqft
    $2,007 Estimated rent

    Home value

    $485,000

    $437,000 - $538,000

    $2,007/mo

    Zestimate® history
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    What's special

    Finished non-conforming garden unitSpacious layoutsUpgraded bathrooms
    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.

    Zillow last checked:

    Listing updated:

    Listing courtesy of:

    Alonzo Abron Jr 708-829-0511,

    A Progeny Global LLC

    Bought with:

    Bianca Morrison

    Coldwell Banker Realty

    Source: MRED as distributed by MLS GRID,MLS#: 12457520MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas
    Features
    • Basement: Finished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: Yes
    Lot
    • Size: 3,125 sqft
    Details
    • Parcel number: 16234080140000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1903
    • Major remodel year: 2024

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: FHA
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    2/9/2026Sold$475,000-1%
    Source: MRED as distributed by MLS GRID #12457520 Report a problem
    12/10/2025Pending sale$479,900
    Source: MRED as distributed by MLS GRID #12457520 Report a problem
    11/20/2025Price change$479,900-2%
    Source: MRED as distributed by MLS GRID #12457520 Report a problem
    9/23/2025Price change$489,900-2%
    Source: MRED as distributed by MLS GRID #12457520 Report a problem
    9/18/2025Price change$499,9000%
    Source: MRED as distributed by MLS GRID #12457520 Report a problem
    8/28/2025Listed for sale$500,000+1349.3%
    Source: MRED as distributed by MLS GRID #12457520 Report a problem
    11/28/2013Listing removed$950
    Source: Postlets Report a problem
    11/18/2013Listed for rent$950
    Source: Postlets Report a problem
    6/22/2012Sold$34,500+11.7%
    Source: MRED as distributed by MLS GRID #08042873 Report a problem
    4/16/2012Price change$30,900-62.8%
    Source: Homepath #08042873 Report a problem
    4/13/2012Listed for sale--
    Source: Homepath #08042873 Report a problem
    1/4/2012Listing removed--
    Source: Homepath Report a problem
    12/23/2011Listed for sale--
    Source: Homepath Report a problem
    11/15/1999Sold$83,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $27,000 +8%
    2023$5,293 +18.8%$24,999
    2022$4,454 +1.9%$24,999
    2021$4,372 +87.5%$24,999 +84.8%
    2020$2,331 -4.6%$13,531 -13%
    2019$2,444 +1.8%$15,553
    2018$2,401 -1.8%$15,553 +5.8%
    2017$2,446 +0.1%$14,699
    2016$2,444 +10.4%$14,699
    2015$2,213 -9.3%$14,699 -6.4%
    2014$2,439 +2.5%$15,712
    2013$2,379 +0.3%$15,712
    2012$2,372 -15%$15,712 -26.1%
    2011$2,789 +4.5%$21,253
    2010$2,669 +11.8%$21,253
    2009$2,389 +8.2%$21,253 -3.8%
    2008$2,207 -29.7%$22,102
    2007$3,139 -1.1%$22,102
    2006$3,173 +68.3%$22,102 +91.6%
    2005$1,885 +1%$11,536
    2004$1,866 +2.2%$11,536
    2003$1,825 +45.6%$11,536 +65.3%
    2002$1,254 +3.7%$6,978
    2001$1,208 +28.7%$6,978
    2000$939 +72%$6,978 +42.8%
    1999$546 $4,886

    Find assessor info on the county website

    Neighborhood: Lawndale

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $485,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $485,000