$485,000
1031 N Drake Avenue
Chicago, IL, 60651
Freshly rehabbed 2-unit brick building with historic charm on an oversized lot. This beautiful building is ready for a new owner or pure investor as both units are vacant. First floor apartment boasts two large bedrooms, while the top floor is has a similar layout with three bedrooms – floor plans in pictures. New hardwood floors, new central A/C (top floor), new kitchens equipped with white shaker cabinets, luxury quartz countertops, subway tile backsplash, gold fixtures, and stainless steel appliances. Both bathrooms boast new vanity, floor and wall tile, tub, fixtures, toilet. Separate hot water tanks and gas forced air for each unit. The partially finished basement has been cleaned and painted, and hosts an operable full bathroom, two means of egress, and additional rooms for your creation. An oversized backyard and 2-car garage for additional income round out this property. Owner is a licensed real estate agent has a vested interest in the property. Neither seller nor agent represent legality of basement as a third unit.
Property Details
Price:
$485,000
MLS #:
MRD12362020
Status:
Active Under Contract
Beds:
5
Baths:
3
Address:
1031 N Drake Avenue
Type:
Multi Family
Neighborhood:
CHI – Humboldt Park
City:
Chicago
Listed Date:
May 12, 2025
State:
IL
ZIP:
60651
Year Built:
1907
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Construction Materials
Brick
Other Structures
Garage(s)
Parking Features
On Site, Garage Owned, Detached, Garage
Parking Spots
2
Roof
Flat
Financial
Tax Year
2023
Taxes
$5,012
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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1031 N Drake Avenue
Chicago, IL
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