2435 S Drake Avenue, Chicago IL 60623
Property Description
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.
Features & Information
Key Details
- List Price $499,000
- Property Taxes $5,627
- Year Built 1902
- Status Active
- List Market Time 7
Units
-
Unit 1
- Floor 1
- Rooms 7
- Beds 3
- Baths 1
- Appliances None
- Rent $0/mo
- Tenant Pays All
- Lease Expires N/A
-
Unit 2
- Floor 2
- Rooms 7
- Beds 3
- Baths 1
- Appliances None
- Rent $0/mo
- Tenant Pays All
- Lease Expires 0
-
Unit 3
- Floor 3
- Rooms 5
- Beds 2
- Baths 1
- Appliances None
- Rent $1,200/mo
- Tenant Pays All
- Lease Expires 04/27
Exterior Features
-
Parking
- # of Cars: 3
Building Information
- Number of Units 3
- Age of Building 100+ Years
Location
- County Cook
- Township West Chicago
- Corporate Limits Chicago
- Directions to Property 22nd St To Drake Ave, South To Property
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 5626.99
- Tax Year 2025
- Parcel Identification Number 16262170420000
Listed by John Warren for Forte Properties, Inc. | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/24/2026 1:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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