1606 South Drake Avenue

Chicago IL 60623

Land

Last sold for $17,000

Tabren Smith, last sold this property on 27 January 2026 after 89 days on market.

Overview

Discover an incredible opportunity in the heart of North Lawndale! This RT-4 zoned land lot offers the perfect canvas for your next residential or multi-unit development. Ideally situated just off a major street, the property provides excellent visibility and accessibility while maintaining a sense of neighborhood charm. A rear alley offers convenient access for parking or future garage construction. Whether you're an experienced developer, a first-time builder, or someone with a vision for creating something special, this parcel is ready for your ideas. Conveniently located near public transportation, parks, and schools-and just minutes from downtown Chicago-this location perfectly combines convenience and opportunity.

Features

Land

Estimated Value

Based on this property and similar land plots sold in Chicago over the last 12 months, the estimated median property value of 1606 South Drake Avenue is $40k.

Median value

$40k

Estimated value range

$5k - $180k

Median days on market

110

Estimated value trend

60%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1606 South Drake Avenue

2026

Sold

$17,000

27 Jan 2026 by Tabren Smith, of Exit Strategy Realty

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.