Great Investment opportunity for a Greystone in up-and-coming North Lawndale Community. Separate forced air heating. Separate water heating. Finished basement with additional living space Needs some updating, Property was rehabbed in 2012. Sold AS-IS. Buyer will be responsible for evicting tenants. Second floor is vacant. Must see to appreciate.
Closed
$265,000
1540 S Drake Ave, Chicago, IL 60623
6beds
--sqft
Multi Family
Built in 1903
-- sqft lot
$271,000 Zestimate®
$--/sqft
$1,678 Estimated rent
Home value
$271,000
$244,000 - $301,000
$1,678/mo
Zestimate® history
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List your homeWhat's special
Finished basementSeparate water heatingAdditional living space
Zillow last checked:
Listing updated:
Listing courtesy of:
Clyde McMullen clientcare@starckre.com,
Berkshire Hathaway HomeServices Starck Real Estate
Bought with:
Darlene Morris
Worth Clark Realty
Source: MRED as distributed by MLS GRID,MLS#: 12454319
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
Features
- Basement: Finished,Full,Walk-Out Access
Property
Parking
- Total spaces: 2
- Parking features: Off Alley, Yes, Owned
Features
- Fencing: Fenced
Lot
- Size: 3,750 sqft
- Dimensions: 30X125
Details
- Parcel number: 16232220320000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Greystone
- Property subtype: Multi Family
Materials
- Brick, Stone
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- New construction: No
- Year built: 1903
Details
- Builder model: GREYSTONE
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/30/2026 | Sold | $265,000 |
Source: Public Record Report a problem | ||
| 11/26/2025 | Sold | $265,000+3.9% |
Source:  MRED as distributed by MLS GRID #12454319 Report a problem | ||
| 10/10/2025 | Contingent | $255,000 |
Source: MRED as distributed by MLS GRID #12454319 Report a problem | ||
| 10/4/2025 | Listed for sale | $255,000+109% |
Source: MRED as distributed by MLS GRID #12454319 Report a problem | ||
| 3/30/2012 | Sold | $122,000+258.8% |
Source: MRED as distributed by MLS GRID #07736572 Report a problem | ||
| 4/1/2010 | Sold | $34,000-86.9% |
Source: Public Record Report a problem | ||
| 8/23/2008 | Listing removed | $259,900 |
Source: Listhub #06758647 Report a problem | ||
| 6/10/2008 | Listed for sale | $259,900+73.3% |
Source: Listhub #06758647 Report a problem | ||
| 4/21/2006 | Sold | $150,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $22,000 +29.4% |
| 2023 | $2,897 +3.4% | $16,999 |
| 2022 | $2,802 +1.6% | $16,999 |
| 2021 | $2,758 +41.2% | $16,999 +43.6% |
| 2020 | $1,953 -4.8% | $11,839 -13% |
| 2019 | $2,052 +1.8% | $13,608 |
| 2018 | $2,016 -46% | $13,608 -34.1% |
| 2017 | $3,731 +2.6% | $20,647 |
| 2016 | $3,635 +10.1% | $20,647 |
| 2015 | $3,303 +8.6% | $20,647 +8.9% |
| 2014 | $3,041 +2.4% | $18,957 |
| 2013 | $2,970 +0.5% | $18,957 |
| 2012 | $2,954 +186.2% | $18,957 +197.6% |
| 2011 | $1,032 -73.9% | $6,370 -73.8% |
| 2010 | $3,959 +4.4% | $24,328 |
| 2009 | $3,794 +17.2% | $24,328 +7.8% |
| 2008 | $3,238 +1% | $22,571 |
| 2007 | $3,206 -1.1% | $22,571 |
| 2006 | $3,240 +214.5% | $22,571 +83.5% |
| 2005 | $1,030 +1.9% | $12,301 |
| 2004 | $1,011 +243.8% | $12,301 |
| 2003 | $294 -78.2% | $12,301 +63.6% |
| 2002 | $1,351 +42% | $7,517 |
| 2001 | $951 -6.7% | $7,517 |
| 2000 | $1,020 +0% | $7,517 +41.6% |
| 1999 | $1,020 | $5,308 |
Find assessor info on the county website
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.
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Estimated market value
$271,000
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
$271,000
- Illinois
- Cook County
- Chicago
- 60623
- Lawndale
- 1540 S Drake Ave
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