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$499,000

2435 Drake Ave

Chicago, IL
Active
8
Bedrooms
0.08
Lot Size (acres)
1902
Year Built
24
Days On Market

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.

Listing Information

Listing Updated
18 days ago
Listed By
John Warren · Forte Properties, Inc., 7083157310
MLS#
12781833
Source
Midwest Real Estate Data (MRED)
Status
Active

Facts & Features

Location

Community Information

Address
2435 S Drake Ave, Chicago, IL 60623
City
Chicago
County
Cook
Zip Code
60623

Architecture

Bedrooms
8
Year Built
1902
Construction Materials
Brick
Garage
Yes
Garage Spaces
3
Parking Features
Garage, Detached

Features & Amenities

Heating
Space Heater, Steam

Property Features

Lot Size
0.08 Acres
Sewer
Public Sewer

Tax & Financial Information

List Price
$499,000
Annual Taxes
$5,626

Schools

100/100
Cardenas Elementary School
Elementary · Grades PK–08 · 0.1 mi
City
Chicago
Students
1,153
Student body
95% Hispanic / Latino · 5% Black · 0% White
Free/reduced lunch
97%
Phone
(773) 534-1465
100/100
McCormick Elementary School
Elementary · Grades PK–05 · 0.5 mi
City
Chicago
Students
774
Student body
99% Hispanic / Latino · 0% White · 0% Black
Free/reduced lunch
99%
Phone
(773) 535-7252
99/100
Gary Elementary School
Middle · Grades 03–08 · 0.7 mi
City
Chicago
Students
1,138
Student body
98% Hispanic / Latino · 1% White · 1% American Indian / Alaska Native
Free/reduced lunch
98%
Phone
(773) 534-1455
99/100
Maria Saucedo Magnet Academy
Elementary · Grades PK–08 · 0.8 mi
City
Chicago
Students
1,185
Student body
96% Hispanic / Latino · 3% Black · 1% Two or More Races
Free/reduced lunch
95%
Phone
(773) 534-1770
71/100
Spry Community Links High School
High · Grades 09–12 · 0.7 mi
City
Chicago
Students
131
Parent reviews
5.0★ avg · 2 reviews
Student body
98% Hispanic / Latino · 1% White · 1% Black
Free/reduced lunch
96%
Phone
(773) 534-1997
68/100
Ortiz De Dominguez Elementary School
Elementary · Grades PK–02 · 0.6 mi
City
Chicago
Students
404
Student–teacher
12.6
Student body
97% Hispanic / Latino · 2% White · 1% Black
Free/reduced lunch
87%
Phone
(773) 534-1600
55/100
Farragut Career Academy High School
High · Grades 09–12 · 0.3 mi
City
Chicago
Students
529
Parent reviews
3.0★ avg · 2 reviews
Student body
85% Hispanic / Latino · 14% Black · 1% White
Free/reduced lunch
94%
Phone
(773) 534-1300
54/100
Whitney Elementary School
Elementary · Grades PK–08 · 0.8 mi
City
Chicago
Students
1,034
Student body
99% Hispanic / Latino · 1% White · 0% Black
Free/reduced lunch
98%
Phone
(773) 534-1560

School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.

Historical Data

Price History

DateEventPrice
10/09/2026Listed for sale$499,000

Listed by John Warren · Forte Properties, Inc. · 7083157310

Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: October 15, 2026 at 5:09 AM | Source: Midwest Real Estate Data (MRED) | MLS#: 12781833

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