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Multifamily Property
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Pending

2237 S Drake Ave, Chicago, IL 60623

Situated in Chicago’s Little Village, a neighborhood centered on the active 26th Street corridor.

Property SizeContact for details
Days on Market148

Property Features for 2237 S Drake Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Essex Realty Group
Listed By: Christian Van Dinther · License #475.210506
Source: Crexi
Added: Apr 12 Changed: Sep 5 Last Checked: Sep 5 at 12:17PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Essex Realty Group

Investment Insights

Based on property information with market context.

This multifamily property is located at 2237 S Drake Ave in Chicago’s Little Village, also known as La Villita. The West Side neighborhood is recognized for its Mexican-American cultural identity and a mix of families, creative professionals, and small business owners.

The 26th Street corridor extends for 2 miles through the neighborhood and includes cafes, bodegas, restaurants, and art. A prominent arch at 26th Street welcomes visitors and reflects the area’s community heritage. Little Village also hosts Mexican Independence Day and Dia de los Muertos celebrations, contributing to its established cultural character.

Key Highlights

  • Multifamily property at 2237 S Drake Ave, Chicago, IL 60623
  • Located in Little Village, also known as La Villita
  • 2‑mile‑long 26th Street corridor includes cafes, bodegas, restaurants, and art

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Law Firm (Bike/Boat/Book/etc) Store Hotel & Motel HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,131
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Situated in Chicago’s Little Village, a neighborhood centered on the active 26th Street corridor.
Where is this multifamily property located?
The property is located at 2237 S Drake Ave Chicago, IL.
What are key features of this property?
This property features: Multifamily property at 2237 S Drake Ave, Chicago, IL 60623; Located in Little Village, also known as La Villita; 2‑mile‑long 26th Street corridor includes cafes, bodegas, restaurants, and art
More about this property
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