Stop renting and start owning - while tenants help alleviate your mortgage. This solid 3-unit property offers a rare opportunity to become a homeowner and investor at the same time. Featuring a total of 11 bedrooms and 3 full bathrooms, the spacious layouts provide comfort, privacy, and flexibility for today's lifestyle. Live in one unit and rent out the others to significantly reduce your monthly housing cost, making homeownership more achievable than ever. Whether you need space for family, guests, or a home office, this property allows you to create a home while building long-term wealth. Located on S Drake Ave in Chicago, you'll enjoy convenient access to public transportation, schools, parks, and everyday amenities. This is an ideal opportunity for first-time buyers, FHA buyers, or anyone ready to trade rent payments for equity. Why rent to someone else's when you can own a property that works for you? Build equity, generate income, and secure your future - all in one move
Active
$575,000
1510 S Drake Ave, Chicago, IL 60623
11beds
--sqft
Multi Family
Built in 1907
-- sqft lot
$569,000 Zestimate®
$--/sqft
$-- HOA
What's special
Spacious layoutsComfort privacy and flexibility
- 19 days |
- 81 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Melchor Domantay 708-979-0852,
Second City Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12674280
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 3
- Parking features: Yes
Lot
- Size: 3,125 Square Feet
- Dimensions: 25 x 125
Details
- Parcel number: 16232220220000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1907
- Major remodel year: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $260,000
- Annual tax amount: $5,243
- Date on market: 8/6/2026
- Ownership: Fee Simple
Estimated market value
$569,000
$541,000 - $597,000
$1,427/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Listed for sale | $575,000-2.5% |
Source: MRED as distributed by MLS GRID #12674280 Report a problem | ||
| 4/11/2026 | Listing removed | $589,900 |
Source:  MRED as distributed by MLS GRID #12554517 Report a problem | ||
| 4/2/2026 | Price change | $589,900-4.7% |
Source: MRED as distributed by MLS GRID #12554517 Report a problem | ||
| 3/10/2026 | Price change | $618,800-1.8% |
Source: MRED as distributed by MLS GRID #12554517 Report a problem | ||
| 2/28/2026 | Price change | $629,900-1.6% |
Source: MRED as distributed by MLS GRID #12554517 Report a problem | ||
| 2/11/2026 | Listed for sale | $640,000+28% |
Source: MRED as distributed by MLS GRID #12554517 Report a problem | ||
| 8/28/2024 | Sold | $500,000 |
Source: Public Record Report a problem | ||
| 4/29/2024 | Sold | $500,000 |
Source: MRED as distributed by MLS GRID #11982070 Report a problem | ||
| 3/20/2024 | Contingent | $500,000 |
Source: MRED as distributed by MLS GRID #11982070 Report a problem | ||
| 2/26/2024 | Listed for sale | $500,000+284.6% |
Source: MRED as distributed by MLS GRID #11982070 Report a problem | ||
| 12/22/2017 | Sold | $130,000-69.4% |
Source: Public Record Report a problem | ||
| 10/4/2006 | Sold | $425,000+86.4% |
Source: Public Record Report a problem | ||
| 5/19/2005 | Sold | $228,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,243 +175.1% | $26,000 +188.9% |
| 2023 | $1,906 +2.6% | $9,001 |
| 2022 | $1,858 +2.3% | $9,001 |
| 2021 | $1,816 -32.7% | $9,001 -25.4% |
| 2020 | $2,697 -3.5% | $12,066 -13% |
| 2019 | $2,796 +1.7% | $13,870 |
| 2018 | $2,749 -22.4% | $13,870 -29.9% |
| 2017 | $3,543 +2.4% | $19,777 |
| 2016 | $3,461 +10.1% | $19,777 |
| 2015 | $3,143 +2.5% | $19,777 +3.6% |
| 2014 | $3,065 +2.4% | $19,090 |
| 2013 | $2,994 +0.5% | $19,090 |
| 2012 | $2,978 -15% | $19,090 -25.6% |
| 2011 | $3,502 +3.5% | $25,648 |
| 2010 | $3,385 +10.1% | $25,648 |
| 2009 | $3,074 +23.4% | $25,648 +6.5% |
| 2008 | $2,491 +17.4% | $24,076 |
| 2007 | $2,121 +27% | $24,076 |
| 2006 | $1,670 -19% | $24,076 +90.8% |
| 2005 | $2,062 +92.4% | $12,620 |
| 2004 | $1,072 +4.5% | $12,620 |
| 2003 | $1,026 -5.4% | $12,620 +60.5% |
| 2002 | $1,085 +7.3% | $7,862 |
| 2001 | $1,011 +21.6% | $7,862 |
| 2000 | $831 +0.8% | $7,862 +24.3% |
| 1999 | $824 | $6,327 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Lawndale
Nearby schools
GreatSchools rating
- 3/10Dvorak Technology Acad Elementary SchoolGrades: PK-8Distance: 0.1 mi
- 1/10Farragut Career Academy High SchoolGrades: 9-12Distance: 0.8 mi
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.
- $--4 bd1 ba1.1k sqft1510 S Drake Ave #2, Chicago, IL 60623Off Market
- $195,4004 bd1 ba1.4k sqft1510 S Drake Ave #1, Chicago, IL 60623Off Market
- $374,2007 bd2 ba2.8k sqft1514 S Drake Ave, Chicago, IL 60623Off Market
- $335,9007 bd3 ba2.8k sqft1520 S Drake Ave, Chicago, IL 60623Off Market
- $366,7007 bd3 ba2.8k sqft1524 S Drake Ave, Chicago, IL 60623Off Market
- $253,1007 bd2 ba2.9k sqft1511 S Central Park Ave, Chicago, IL 60623Off Market
- $312,2005 bd3 ba3k sqft1515 S Central Park Ave, Chicago, IL 60623Off Market
- $285,9004 bd2 ba2.7k sqft1509 S Central Park Ave, Chicago, IL 60623Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $599,00012 bd4 ba-- sqft1301 S Christiana Ave, Chicago, IL 60623New
MLS ID #12740833, Sarita Scherpereel, Kale Realty. MRED as distributed by MLS GRID - $549,00012 bd3 ba-- sqft1431 S Tripp Ave, Chicago, IL 60623Active
MLS ID #12729885, Clemente Lopez, Chicagoland Brokers, Inc.. MRED as distributed by MLS GRID - $480,0008 bd3 ba-- sqft1622 S Karlov Ave, Chicago, IL 60623New
MLS ID #12741619, John Klick, Pearson Realty Group. MRED as distributed by MLS GRID - $574,9009 bd5 ba-- sqft1913 S Troy St, Chicago, IL 60623Price Change
MLS ID #12693758, Tamika Thomas, Village Realty, Inc.. MRED as distributed by MLS GRID - $499,0008 bd3 ba-- sqft1450 S Avers Ave, Chicago, IL 60623ActiveMLS ID #12714887, LaToya Moore, Baird & Warner. MRED as distributed by MLS GRID
- $364,9998 bd2 ba-- sqft1418 S Saint Louis Ave, Chicago, IL 60623ActiveMLS ID #12735939, Phillip Younan, Fulton Grace Realty. MRED as distributed by MLS GRID
- $599,90010 bd3 ba-- sqft2050 N Kenneth Ave, Chicago, IL 60639NewMLS ID #12739580, Matt Laricy, Americorp, Ltd. MRED as distributed by MLS GRID
- $424,00010 bd5 ba-- sqft1330 S Lawndale Ave, Chicago, IL 60623ActiveMLS ID #12712792, Michael Scanlon, eXp Realty. MRED as distributed by MLS GRID
- $549,0009 bd3 ba-- sqft1401 S Kedvale Ave, Chicago, IL 60623ActiveMLS ID #12579856, Olayiwola Akinwande, Block 22 Realty LLC. MRED as distributed by MLS GRID
- $650,00010 bd4 ba-- sqft3814 W Ohio St, Chicago, IL 60624ActiveMLS ID #12734913, Joanna Olszynska, Compass. MRED as distributed by MLS GRID
- $499,0009 bd3 ba-- sqft3402 W Lexington St, Chicago, IL 60624ActiveMLS ID #12728117, Jerry Morales, Golden City Realty, Inc.. MRED as distributed by MLS GRID
- $464,9009 bd4 ba-- sqft3031 S Central Park Ave, Chicago, IL 60623ActiveMLS ID #12710305, Xochil Wendy Escobar, Realty of America, LLC. MRED as distributed by MLS GRID
- $500,00010 bd7 ba-- sqft4430 W Congress Pkwy, Chicago, IL 60624ActiveMLS ID #12699057, Eric Garza, Coldwell Banker Realty. MRED as distributed by MLS GRID
- $399,5009 bd3 ba-- sqft3046 W Polk St, Chicago, IL 60612NewMLS ID #12741251, Lance Lukose, Compass. MRED as distributed by MLS GRID
- $399,99910 bd4 ba-- sqft2243 S Sawyer Ave, Chicago, IL 60623ActiveMLS ID #12648449, Luis Ortiz, RE/MAX Partners. MRED as distributed by MLS GRID
- $549,0009 bd4 ba-- sqft321 N Long Ave, Chicago, IL 60644ActiveMLS ID #12671706, Brandi Hampton, ABR,MRP,PSA,SFR, Baird & Warner. MRED as distributed by MLS GRID
- $598,0009 bd3 ba-- sqft6506 S Saint Lawrence Ave, Chicago, IL 60637NewMLS ID #12739136, Kevin Little, @properties Christie's International Real Estate. MRED as distributed by MLS GRID
- $625,0008 bd2 ba-- sqft823 S Carpenter St, Chicago, IL 60607NewMLS ID #12740513, William Lundy, Brookline Real Estate LLC. MRED as distributed by MLS GRID
- $599,90010 bd6 ba-- sqft5402 W 23rd St, Cicero, IL 60804ActiveMLS ID #12680447, Israel Hernandez, Epique Realty Inc. MRED as distributed by MLS GRID
- $650,00012 bd4 ba-- sqft318 N Lorel Ave, Chicago, IL 60644ActiveMLS ID #12732359, Sherry Apollo, xr realty. MRED as distributed by MLS GRID
