Rehabilitated Two-Unit
For Sale
$375,000
2655 S Drake Avenue, Chicago, IL 60623
Updated income property with two residential units, contemporary finishes, in-unit laundry, and one garage space per unit.
Property SizeContact for details
Days on Market8
Property Features for 2655 S Drake Avenue
General Information
Standard status
Active
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$4,376
Amenities
open floorplan
modern kitchens and bathrooms
quartz counters
stainless steel appliances
in-unit laundry
wood floors throughout
Building Details
Year Built
1901
Buildings
1
Tenancy
Multi
Listing Agency:
Fulton Grace Realty
Listed By:
Lawrence Dunning · License #MRD878540
(773) 799-8042
Source:
Harkinsandassociates
Added: Sep 10
Changed: Sep 17
Last Checked: Sep 16 at 10:45PM
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 Fulton Grace Realty
Investment Insights
Based on property information with market context.
This rehabilitated two-unit residential property includes a two-bedroom lower unit and an upper three-bedroom duplex. Both residences feature open living layouts, updated kitchens and bathrooms, quartz countertops, stainless steel appliances, in-unit laundry, and wood flooring. Each unit is accompanied by one garage space.
The lower residence is leased through the end of October, with nonrenewal already communicated to the tenant. The upper duplex is leased through summer 2027. Built in 1901, the property is located at 2655 S Drake Avenue in Chicago’s Little Village neighborhood.
The lower residence is leased through the end of October, with nonrenewal already communicated to the tenant. The upper duplex is leased through summer 2027. Built in 1901, the property is located at 2655 S Drake Avenue in Chicago’s Little Village neighborhood.
Key Highlights
- Two‑unit duplex with a 2‑bedroom lower residence and 3‑bedroom upper duplex
- Updated kitchens and bathrooms with quartz counters and stainless steel appliances
- Open floorplans, wood flooring, and in‑unit laundry in both units
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,752
Businesses Nearby
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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?
Duplex - Updated income property with two residential units, contemporary finishes, in-unit laundry, and one garage space per unit.
Where is this duplex located?
The property is located at 2655 S Drake Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom lower residence and 3‑bedroom upper duplex; Updated kitchens and bathrooms with quartz counters and stainless steel appliances; Open floorplans, wood flooring, and in‑unit laundry in both units
