$325,000
957 N Drake Avenue
Chicago, IL, 60651
Opportunity abounds! Unique commercial building at the corner of Augusta and Drake with three bathrooms, a garage space, and an underutilized fenced patio area. A potential for 3 units – must verify with zoning expert. One unit is currently rented to a convenience store tenant for $3000/mo, set to increase to $3500/mo in January 2026. Lease term through May 2027. The zoning is RS-3 and has a zoning variance for the store – there is an active business license. As long as this business license doesn’t lapse for 6 months, it can be renewed. The other spaces are currently used for owner storage. Lots of new construction and development in the area – 6 unit building across the street is under contract and will be renovated. Just blocks from Alexander Von Humboldt Park. Vintage Coca Cola sign is excluded.
Property Details
Price:
$325,000
MLS #:
MRD12451066
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Retail
Neighborhood:
chihumboldtpark
Listed Date:
Aug 20, 2025
Total Sq Ft:
3,360
Year Built:
1900
Schools
Interior
Cooling
Central Air
Flooring
Tile
Exterior
Construction Materials
Brick
Financial
HOA Frequency
Not Applicable
Tax Year
2023
Taxes
$12,822
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
Map
Current real estate data for Commercial in Chicago as of Dec 14, 2025
1,045
Commercial Listed
184
Avg DOM
153
Avg $ / SqFt
$1,079,574
Avg List Price
Community
- Address957 N Drake Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60651
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Property Summary
- 957 N Drake Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60651. It is listed for $325,000 To schedule a showing of MLS#mrd12451066 at 957 N Drake Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
957 N Drake Avenue
Chicago, IL
