1842 S Drake Ave

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Jonathan Gil • Equity Realty
    P: (773)-469-1677 C: (773)-469-1677 JOHN543@MSN.COM
  2. Listed by Natalia Gil • Equity Realty
    P: (630)-990-2133 C: (773)-314-6788 AUMNATALIAGIL@GMAIL.COM

Property Details for 1842 South Drake Avenue

Area
CHI - North Lawndale
Township
West Chicago
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Parking Spaces
2.0
Heat/Fuel
Natural Gas
LISTING UPDATED: 12/25/2025 12:07 AM

Property Details for 1842 South Drake Avenue

StatusActive
MLS #12509735
Days on Market92
Taxes$2,540 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1906
Lot Size0.07 AC / 3,049 SF
CountyCook County

Location

Listing Courtesy of Equity Realty
Add your commute

Building Information for 1842 South Drake Avenue

Stories-Residences3Year Built1906Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$2,064 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,852

Property Taxes

$212

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1842 South Drake Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Parking Details: Yes, Garage Owned, Detached, Garage
Property Information
Interior Features
  • Num Of Rooms: 14
  • Bedrooms Total: 10
  • Bedrooms (Below Grade): 0
  • Basement Type: Finished, Full, Walk-Out Access
  • Bedrooms Possible: 10
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2015
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Construction: Brick
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 0
  • South Coordinate: 1800
  • East Coordinate: 0
  • West Coordinate: 3400
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 47
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: Image360+realtor
  • Virtual Tour YN: Yes
Multi Family
Unit 1
  • Unit Type Actual Rent: $1,050.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MTM
Unit 2
  • Unit Type Actual Rent: $1,075.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MTM
Unit 3
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
  • Lease Expiration Date: VAC

Property History for 1842 South Drake Avenue

DateEvent & SourcePriceAppreciation
Dec 19, 2025

Listed (Active)

MRED #12509735

$380,000
Dec 17, 2025

Contingent

MRED #12509735

Nov 3, 2025

Listed (Active)

MRED #12509735

$380,000
Oct 15, 2025

Expired

MRED #12339041

$380,000
Apr 15, 2025

Listed (Active)

MRED #12339041

$380,000
Oct 31, 2023

Cancelled

MRED #11780313

$350,000
Sep 25, 2023

Temporarily Off Market

MRED #11780313

$350,000
May 10, 2023

Listed (Active)

MRED #11780313

$350,000
May 2, 2023

Expired

MRED #11665982

$350,000
Nov 3, 2022

Temporarily Off Market

MRED #11665982

$350,000
Nov 2, 2022

Listed (Active)

MRED #11665982

$350,000
Jan 23, 2014

Sold

MRED #08371815

$80,000
Jul 30, 2013

Listed (Active)

MRED #08371815

$89,000
Jul 29, 2013

Pending

MRED #08371815

Jun 17, 2013

Listed (Active)

MRED #08371815

$89,000
Jun 13, 2013

Cancelled

MRED #08207285

$79,900
Oct 24, 2012

Listed (Active)

MRED #08207285

$199,900
DateEvent & SourcePrice
12/19/2025

Listed (Active)

MRED #12509735

$380,000
12/17/2025

Contingent

MRED #12509735

11/03/2025

Listed (Active)

MRED #12509735

$380,000
10/15/2025

Expired

MRED #12339041

$380,000
04/15/2025

Listed (Active)

MRED #12339041

$380,000
10/31/2023

Cancelled

MRED #11780313

$350,000
09/25/2023

Temporarily Off Market

MRED #11780313

$350,000
05/10/2023

Listed (Active)

MRED #11780313

$350,000
05/02/2023

Expired

MRED #11665982

$350,000
11/03/2022

Temporarily Off Market

MRED #11665982

$350,000
11/02/2022

Listed (Active)

MRED #11665982

$350,000
01/23/2014

Sold

MRED #08371815

$80,000
07/30/2013

Listed (Active)

MRED #08371815

$89,000
07/29/2013

Pending

MRED #08371815

06/17/2013

Listed (Active)

MRED #08371815

$89,000
06/13/2013

Cancelled

MRED #08207285

$79,900
10/24/2012

Listed (Active)

MRED #08207285

$199,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1842 South Drake Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Dvorak Technology Acad Elementary School
PublicPK to 8

Farragut Career Academy High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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1842 South Drake Avenue is a multi-family home for sale in Chicago, IL 60623. This property was listed for sale on November 3, 2025 by Equity Realty, it's currently listed at $380,000. It has been on the market for a total of 92 days and was last sold on January 23, 2014. This listing's school district is Chicago Public Schools. Nearby schools include Dvorak Technology Acad Elementary School, Farragut Career Academy High School and Pathways in Education - Humboldt Park High School. 1842 South Drake Avenue is a 10-bed, 3-bath, multi-family home built in 1906.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/25/2025 12:07 AM. 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.