Excellent opportunity to own a legal 3-unit building in Chicago's dynamic Little Village neighborhood! This spacious multifamily property offers a total of 8 bedrooms and 3 bathrooms, featuring two 3-bedroom, 1-bathroom apartments and a 2-bedroom, 1-bathroom garden unit. All three apartments feature updated kitchens and bathrooms with modern finishes, including contemporary cabinetry, stainless steel appliances, attractive countertops, and subway tile backsplashes. The interiors blend classic Chicago charm with modern conveniences, showcasing beautiful hardwood floors, original wood trim, large windows, recessed lighting, and generously sized living spaces. Additional highlights include abundant natural light, spacious bedrooms, and a fenced backyard. Conveniently located near shopping, restaurants, public transportation, and major roadways. With three legal units, desirable bedroom configurations, and extensive updates already completed, this property is an excellent opportunity for investors seeking rental income or owner-occupants looking to live in one unit while generating income from the others.
Active
$499,000
2435 S Drake Ave, Chicago, IL 60623
8beds
--sqft
Multi Family
Built in 1902
-- sqft lot
$489,100 Zestimate®
$--/sqft
$-- HOA
What's special
Modern finishesContemporary cabinetryFenced backyardSpacious bedroomsRecessed lightingAbundant natural lightLarge windows
- 10 days
- 250
- 38
Zillow last checked:
Listing updated:
Listed by:
John Warren 847-894-2433,
Forte Properties, Inc.
Source: MRED as distributed by MLS GRID,MLS#: 12781833
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Steam, Space Heater
Features
- Basement: Finished,Full,Walk-Out Access
Property
Parking
- Total spaces: 3
- Parking features: Yes, Garage Owned, Detached, Garage
- Garage spaces: 3
Lot
- Size: 3,484 Square Feet
- Dimensions: 25X125
Details
- Parcel number: 16262170420000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1902
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $270,000
- Annual tax amount: $5,626
- Date on market: 10/9/2026
- Ownership: Fee Simple
Estimated market value
$489,100
$465,000 - $514,000
$1,537/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/9/2026 | Listed for sale | $499,000+95.7% |
Source:  MRED as distributed by MLS GRID #12781833 Report a problem | ||
| 11/2/2018 | Sold | $255,000-10.5% |
Source: MRED as distributed by MLS GRID #10056011 Report a problem | ||
| 9/26/2018 | Pending sale | $285,000 |
Source: RE/MAX American Dream #10056011 Report a problem | ||
| 8/18/2018 | Listed for sale | $285,000 |
Source: Re/Max American Dream #10056011 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,425 +22.4% | $27,000 +28.6% |
| 2023 | $4,431 +2.6% | $21,000 |
| 2022 | $4,319 +2.3% | $21,000 |
| 2021 | $4,223 +27.8% | $21,000 +41.5% |
| 2020 | $3,305 -4.6% | $14,837 -14% |
| 2019 | $3,466 +1.7% | $17,253 |
| 2018 | $3,408 +100% | $17,253 -14.1% |
| 2017 | $1,704 -19% | $20,076 |
| 2016 | $2,104 +4% | $20,076 |
| 2015 | $2,022 +0.9% | $20,076 +28.9% |
| 2014 | $2,005 -0.4% | $15,571 |
| 2013 | $2,012 -13.3% | $15,571 -9.5% |
| 2012 | $2,322 -14.3% | $17,215 -20.7% |
| 2011 | $2,708 -1.3% | $21,711 |
| 2010 | $2,744 +36.8% | $21,711 |
| 2009 | $2,006 +2.8% | $21,711 -19.9% |
| 2008 | $1,951 +3.2% | $27,109 |
| 2007 | $1,891 +0.8% | $27,109 |
| 2006 | $1,876 -5.1% | $27,109 +57% |
| 2005 | $1,978 +1.9% | $17,269 |
| 2004 | $1,941 +4.5% | $17,269 |
| 2003 | $1,859 -5.4% | $17,269 +35.3% |
| 2002 | $1,965 +5.7% | $12,759 |
| 2001 | $1,859 +5% | $12,759 |
| 2000 | $1,770 | $12,759 +13.8% |
| 1999 | $1,770 | $11,213 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Little Village
Nearby schools
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