Mixed-Use Building with
New
For Sale
$495,900
2800 S Drake Avenue, Chicago, IL 60623
Commercial Sale, Chicago, IL
Property SizeContact for details
Lot Size0.15 Acres
Days on Market2
Property Features for 2800 S Drake Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MULTI
Directions
North or South on Kedzie Avenue (3200) to 28th Street West to Drake Avenue. Property on Corner
Subdivision
CHI - South Lawndale
Standard status
Active
APN
16264160220000
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1500
Utilities
Cooling system
Window Unit(s)
Amenities
detached garage
unfinished basement
original mill work
built-ins
Building Details
Year built
1915
Floors in Building
2
Number of units
4
Building materials
Brick
Listing Agency:
Acevedo Realty Group
Listed By:
Jovita Acevedo
(312) 719-1100
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 12:06AM
MLS# 12788001
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1915 brick mixed-use property combines a street-facing commercial space with three apartments. The residential layout includes a first-floor two-bedroom unit, a second-floor front apartment with three bedrooms, and a second-floor rear apartment with two bedrooms; each has one bathroom. A full, unfinished basement provides storage, and a detached garage accommodates two cars. Separate utilities serve the units, which have radiators and wall-mounted space heaters. The property is offered in as-is condition, and the roof dates to approximately 2017.
The parcel measures 0.15 acres and includes a vacant side lot at 2804 S Drake with a separate PIN. The property is near the 26th Street commercial corridor, public transportation, and access to I-55 and I-290. Window unit(s) provide cooling.
The parcel measures 0.15 acres and includes a vacant side lot at 2804 S Drake with a separate PIN. The property is near the 26th Street commercial corridor, public transportation, and access to I-55 and I-290. Window unit(s) provide cooling.
Key Highlights
- Street‑level storefront with three residential units
- Three apartments: two 2‑bedroom units and one 3‑bedroom unit; all have 1 bath
- 0.15‑acre parcel with a vacant side lot at 2804 S Drake, held under a separate PIN
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,648
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments sit above or behind street-level retail, with separate utilities and a detached two-car garage.
Where is this mixed-use property located?
The property is located at 2800 S Drake Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $495,900.
What are key features of this property?
This property features: Street‑level storefront with three residential units; Three apartments: two 2‑bedroom units and one 3‑bedroom unit; all have 1 bath; 0.15‑acre parcel with a vacant side lot at 2804 S Drake, held under a separate PIN
