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  • $507,500

    1031 N Drake Ave, Chicago, IL 60651

    5beds
    --sqft
    Multi Family
    Built in 1907
    -- sqft lot
    $537,600 Zestimate®
    $--/sqft
    $1,751 Estimated rent

    Home value

    $537,600

    $484,000 - $602,000

    $1,751/mo

    Zestimate® history
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    What's special

    Brick buildingLuxury quartz countertopsHistoric charmNew kitchensOversized backyardOversized lotGold fixtures
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Thomas Shallcross 773-655-4397,

    GC Realty and Development

    Bought with:

    Erik Corral

    You Properties LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12362020MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 3
    Rooms
    • Room types: Utility Room-Lower Level
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: Partially Finished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2
    Lot
    • Size: 3,750 Square Feet
    • Dimensions: 30X125
    Details
    • Additional structures: Garage(s)
    • Parcel number: 16024050100000
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1907
    • Major remodel year: 2025

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan, Public

    Community & HOA

    Location
    • Region: Chicago

    Financial & listing details

    • Tax assessed value: $320,010
    • Annual tax amount: $5,012
    • Date on market: 5/12/2025
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    6/13/2025Sold$507,500+4.6%
    Source: MRED as distributed by MLS GRID #12362020 Report a problem
    5/16/2025Contingent$485,000
    Source: MRED as distributed by MLS GRID #12362020 Report a problem
    5/12/2025Listed for sale$485,000+106.4%
    Source: MRED as distributed by MLS GRID #12362020 Report a problem
    1/23/2025Sold$235,000-25.6%
    Source: Public Record Report a problem
    10/28/2021Listing removed--
    Source: MRED as distributed by MLS GRID #11199439 Report a problem
    10/7/2021Contingent$316,000
    Source: MRED as distributed by MLS GRID #11199439 Report a problem
    9/24/2021Listed for sale$316,000+10.9%
    Source: MRED as distributed by MLS GRID #11199439 Report a problem
    12/25/2019Listing removed$284,900
    Source: Keller Williams NW Indiana #463362 Report a problem
    9/24/2019Listed for sale$284,900
    Source: Keller Williams NW Indiana #463362 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $32,001 +18.5%
    2023$5,012 +3.3%$27,000
    2022$4,850 +1.9%$27,000
    2021$4,760 +38.4%$27,000 +45.6%
    2020$3,439 -4.3%$18,538 -13%
    2019$3,592 +1.7%$21,308
    2018$3,530 -9.6%$21,308 -1%
    2017$3,905 +2.5%$21,516
    2016$3,809 +10%$21,516
    2015$3,462 +12.7%$21,516 +12.5%
    2014$3,071 +2.4%$19,121
    2013$2,999 +0.5%$19,121
    2012$2,983 -11.9%$19,121 -23.3%
    2011$3,386 +3.6%$24,932
    2010$3,268 +10.3%$24,932
    2009$2,962 +6.3%$24,932 -4.6%
    2008$2,787 +2.5%$26,141 -7.6%
    2007$2,719 +40.2%$28,286
    2006$1,940 +25%$28,286 +75.7%
    2005$1,551 +1.9%$16,102
    2004$1,522 +4.5%$16,102
    2003$1,457 -5.4%$16,102 +54.8%
    2002$1,541 -14.4%$10,399
    2001$1,801 +10%$10,399
    2000$1,637 +31.1%$10,399 +22%
    1999$1,249 $8,522
    Find assessor info on the county website

    Neighborhood: Humboldt Park

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $537,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $537,600