2237 South Drake Avenue

2237 South Drake Avenue, Chicago, IL 60623

  • For Sale $540,000
  • Property Type Multi-Family
  • Property Size 4,926 SF
  • Units 5
  • Additional Rent Contact for pricing
  • Year Built 1905
  • Date Updated Aug 20, 2024
Little Village, or La Villita, is a culturally vibrant neighborhood west of Pilsen in Chicago's West Side. Renowned for its Mexican-American culture, it features a diverse mix of families, creative professionals, and small business owners. The bustling 2-mile-long 26th Street is the neighborhood's heart, lined with cafes, bodegas, restaurants, and art. The iconic arch at 26th Street, welcoming visitors to the "Mexico of the Midwest," symbolizes community pride and heritage. Little Village hosts numerous events, such as the Mexican Independence Day parade and Dia de los Muertos celebrations, reflecting its strong sense of community and tradition. With its rich history and lively atmosphere, Little Village is a unique and integral part of Chicago's cultural landscape.An excellent investment opportunity with this 5-unit brick building, situated on a large double lot 50x125 lot in the heart of Little Village. Four of the five units feature 1 bedroom 1 full bath plus a den/office space and a 2 bedroom 1 full bath. All units are equipped with individual furnaces, ensuring personalized heating controls for each tenant. The building has shared coin operated laundry on the first floor. Current rents are 10-15% below market rate, presenting an opportunity for future income growth. There is a plethora of street parking and a large front yard that is shared by all tenants. This property is a prime opportunity for investors looking to capitalize on steady income in Little Village. Do not miss out!

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Highlights

  • 5-unit brick building, located on a double lot
  • (4) 1 bed 1 bath plus den and (1) 2 bed 1 bath
  • Tuckpointed in July 2023, rear deck/porches refurbished in June 2024, vinyl windows
  • Sewer valve clean out/gutter system in August 2021
  • 2 units renovated in May 2019 and July 2023
  • Walking distance to Central Park Pink Line

Contacts

broker

Chris Van Dinther

Essex 312

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Transit Score ®

    63/100 Good Transit

  • Bike Score ®

    80/100 Very Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood Little Village
  • Zip Code 60623
  • Market Chicago

Points of Interest

  • Central Park

    0.25 miles

  • 54th/Cermak

    2.23 miles

  • Cicero

    2.26 miles

  • Racine

    3.28 miles

  • Halsted

    3.37 miles

  • Halsted Street

    3.46 miles

  • Western

    3.51 miles

  • Pulaski

    3.55 miles

  • UIC-Halsted (Morgan Street)

    3.61 miles

  • UIC-Halsted (Halsted Street)

    3.81 miles

  • Exxon

    0.40 miles

  • Amstar

    0.55 miles

  • Shell

    0.59 miles

  • Mobil

    0.82 miles

  • Mobil

    0.91 miles

  • BP

    1.04 miles

  • Citgo

    1.08 miles

  • GoLo

    1.11 miles

  • BP

    1.13 miles

  • Shell

    1.24 miles

  • Overflow Parking

    1.64 miles

  • Lot W5

    2.13 miles

  • Trailer Parking

    2.15 miles

  • 35th/Archer Park & Ride

    2.25 miles

  • Lot A4

    2.32 miles

  • Lot C4

    2.36 miles

  • Lot A3

    2.36 miles

  • Lot B4

    2.39 miles

  • Lot B2

    2.42 miles

  • Wood Street Parking Structure (WSPS)

    2.43 miles

  • Karavan Motel

    1.70 miles

  • Shamrock Motel

    1.93 miles

  • Cindy Lyn Motel

    1.99 miles

  • Hyatt Place Chicago - Medical / University District

    2.61 miles

  • Hyatt House Chicago - Medical / University District

    2.67 miles

  • Marriott at Medical District/UIC

    2.91 miles

  • Hotel Chicago West Loop

    3.01 miles

  • Carlton Inn Midway

    3.26 miles

  • Crossroads Hotel

    3.75 miles

  • Hyatt House

    3.75 miles

  • Dunkin'

    0.40 miles

  • Lou Malnati's Pizzeria

    0.46 miles

  • Doña Torta Restaurant

    0.49 miles

  • Manolo's. Tamales

    0.52 miles

  • Dunkin'

    0.57 miles

  • Subway

    0.58 miles

  • Burger King

    0.59 miles

  • McDonald's

    0.63 miles

  • Taqueria Los Comales

    0.64 miles

  • La Justica

    0.65 miles

  • Crown Community Academy

    0.14 miles

  • Paderewski Elementary School

    0.20 miles

  • Cardenas Elementary School

    0.20 miles

  • Farragut Career Academy

    0.30 miles

  • Carole Roberston Center for Learning

    0.30 miles

  • Rosario Castellanos Elementary School

    0.36 miles

  • Kanoon Magnet School

    0.45 miles

  • Blessed Agnes School

    0.52 miles

  • Legacy Charter School

    0.53 miles

  • Little Village Academy

    0.55 miles

  • Peter Cottontail Day Nursery

    1.17 miles

  • New Zion Childcare Academy

    2.22 miles

  • Brighton Park Early Learning Center

    2.48 miles

  • Adams Street Child Care Center

    2.71 miles

  • Taylor Tots

    2.92 miles

  • Happy Days Child Care Center

    3.54 miles

  • Sunny Days Kid's Academy

    3.61 miles

  • Little Folks Cottage Inc

    3.71 miles

  • Morningside Children's Academy

    3.71 miles

  • ABC Toon Town Day Care

    3.73 miles

Frequently Asked Questions

How much does 2237 South Drake Avenue cost?

The space currently listed for sale at 2237 South Drake Avenue asks for $540,000.

What is the total square footage of 2237 South Drake Avenue?

2237 South Drake Avenue totals 4,926 square feet.

When was this property built?

2237 South Drake Avenue was built in 1905.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Chris Van Dinther

Essex 312