Rehabilitated Two-Unit
2655 S Drake Avenue, Chicago, IL 60623
For Sale
$375,000
Pending
Updated income property with two residential units, contemporary finishes, in-unit laundry, and one garage space per unit.
Property SizeContact for details
Days on Market59
Property Features for 2655 S Drake Avenue
General Information
Standard status
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
open floorplan
modern kitchens and bathrooms
quartz counters
stainless steel appliances
in-unit laundry
wood floors throughout
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Fulton Grace Realty
Listed By:
Lawrence Dunning · License #MRD878540
(312) 286-0427
Source:
Harkinsandassociates
Added: Sep 10
Changed: Nov 7
Last Checked: Nov 6 at 5:43PM
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
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Investment Insights
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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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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
Properties on Market for Duplexes in Chicago
Vacancy Rate% for Multifamily in Midwest region
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
