545 N Drake Avenue, Chicago, IL, 60624

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$575,000
49 Days On Site

545 N Drake Avenue
Chicago, IL 60624

For Sale|Multi Family|Active Under Contract
10
Beds
5
Total Baths
1890
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Straight-A Realty, LLC
Call Now: 877 582 4399
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877 582 4399
545 N Drake Avenue545 N Drake Avenue545 N Drake Avenue545 N Drake Avenue
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Turnkey 3-unit in Humboldt Park perfect for house-hacking or a savvy investor: the renovated garden 3BD/1BA rents for $1,700/mo via CHA, the 1st-floor 4BD/2BA (excellent condition) is a long-term CHA tenant at $2,281/mo, and the refreshed top-floor "penthouse" with a balcony is vacant and ready for an owner-occupant-let your tenants' $3,981/mo total income help offset your payment. At the current tax basis, well-qualified buyers may see PITI just under $4,000/mo (buyer to verify), making this building nearly pay for itself. Private on-site parking offers added revenue potential, and the coin- & card-operated laundry creates steady ancillary income. All this in a thriving location steps from the namesake 219-acre park and lagoon, close to the 606 Trail, California/Armitage dining, Division Street's cultural corridor, cafes, nightlife, and transit-surrounded by new construction and quality rehabs. A rare opportunity to live on the top floor, build equity, and enjoy one of Chicago's most exciting neighborhoods!

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Listing Snapshot
Price 
$575,000
Days On Site 
49 Days
Bedrooms 
10
Inside Area (SqFt) 
N/A
Total Baths 
5
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.07 Acres
Year Built 
1890
MLS® Number 
12475423
Status 
Active Under Contract
Property Tax 
$2,963
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Active Under Contract
2 months agoListing first seen on site
General Features
Acres 
0.07
Parking 
On Site
Parking Spaces 
2
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Water Source 
Public
Zoning 
MULTI
Interior Features
Basement 
FinishedExterior EntryFullWalk-Out Access
Heating 
Natural GasForced Air
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Exterior Features
Construction Details 
Brick
Community Features
MLS Area 
CHI - Humboldt Park
School District 
299
Township 
West Chicago
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of Straight-A Realty, LLC



Based on information submitted to the MLS GRID as of 2025-11-07 10:22 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-11-07 10:22 AM UTC
MRED DMCA Copyright Information Copyright © 2025 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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