Updated Three-Unit Multifamily
New
For Sale
$499,000
2435 S Drake Avenue, Chicago, IL 60623
Three apartments offer updated kitchens and bathrooms, hardwood floors, and access to a fenced backyard.
Property SizeContact for details
Days on Market4
Property Features for 2435 S Drake Avenue
General Information
Standard status
Active
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,626
Amenities
fenced backyard
Building Details
Year Built
1902
Buildings
1
Listing Agency:
Forte Properties, Inc.
Listed By:
John Warren · License #471020680
(847) 894-2433
Source:
Dawnmckennagroup
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 11 at 2:39PM
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 Forte Properties, Inc.
Investment Insights
Based on property information with market context.
This three-unit multifamily property contains eight bedrooms and three bathrooms. The unit mix includes two three-bedroom, one-bathroom apartments and a garden-level two-bedroom, one-bathroom unit. Each apartment has an updated kitchen and bathroom, while hardwood floors, original wood trim, large windows, and recessed lighting add character throughout. The property also includes a fenced backyard and was built in 1902.
Set in Chicago’s Little Village neighborhood, the building is near shopping, restaurants, public transportation, and major roadways.
Set in Chicago’s Little Village neighborhood, the building is near shopping, restaurants, public transportation, and major roadways.
Key Highlights
- Three legal units with a total of 8 bedrooms and 3 bathrooms
- Two 3‑bedroom, 1‑bathroom apartments plus a 2‑bedroom, 1‑bathroom garden unit
- Updated kitchens and bathrooms in all three apartments
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,152
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer updated kitchens and bathrooms, hardwood floors, and access to a fenced backyard.
Where is this triplex located?
The property is located at 2435 S Drake Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Three legal units with a total of 8 bedrooms and 3 bathrooms; Two 3‑bedroom, 1‑bathroom apartments plus a 2‑bedroom, 1‑bathroom garden unit; Updated kitchens and bathrooms in all three apartments
