Welcome to 1546 Drake Ave, a fantastic turnkey investment opportunity in the heart of North Lawndale. This legal 3-unit multi-family Greystone has undergone recent updates, ensuring a hassle-free experience for both investors and tenants. The top floor unit offers a spacious layout, featuring three large bedrooms/ 1 bathroom, living/dining room, and eat-in kitchen that leads out to a spacious back deck. The first floor unit also has three bedrooms/ 1 bathroom with a separate living/dining room combination and kitchen complete with an island. Both Units 1 and 2 boast hardwood/vinyl floors, tall ceilings, and have been well maintained. The garden apartment provides a spacious layout with 2 nice sized bedrooms and 1 bathroom. All kitchens have been recently updated with new backsplash and cabinets, equipped with central heat, and tenants are responsible for their own utilities. Additional features include a large fenced in yard with and exterior parking pad and coin laundry in the basement, providing added convenience and income potential. Nearby Douglass Park, Cinespace Studios, Farm on Ogden, with easy access to 290 and Pink and Blue Line EL Stations this property enjoys a prime location with easy access to a range of amenities.
Closed
$315,000
1546 S Drake Ave, Chicago, IL 60623
8beds
--sqft
Multi Family
Built in 1903
-- sqft lot
$504,300 Zestimate®
$--/sqft
$1,584 Estimated rent
Home value
$504,300
$459,000 - $555,000
$1,584/mo
Zestimate® history
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$2,232/mo
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$2,232/mo
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Zillow last checked:
Listing updated:
Listing courtesy of:
Joseph Kotoch 773-482-1917,
Compass
Bought with:
Chris Vasilakopoulos
Dream Town Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 11840612
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Features
- Basement: Finished,Full
Property
Parking
- Total spaces: 2
- Parking features: Alley Access, On Site, Owned
Features
- Patio & porch: Deck
Lot
- Size: 3,049 sqft
- Dimensions: 25 X 125
Details
- Parcel number: 16232220340000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Greystone
- Property subtype: Multi Family
Materials
- Brick, Stone
Condition
- New construction: No
- Year built: 1903
- Major remodel year: 2019
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Community
- Community features: Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/8/2023 | Sold | $315,000-9.7% |
Source:  MRED as distributed by MLS GRID #11840612 Report a problem | ||
| 7/24/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11827467 Report a problem | ||
| 7/17/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/10/2023 | Listed for sale | $349,000-0.3% |
Source: MRED as distributed by MLS GRID #11827467 Report a problem | ||
| 5/8/2023 | Listed for rent | $1,075 |
Source: Zillow Rentals Report a problem | ||
| 12/3/2022 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11661219 Report a problem | ||
| 10/26/2022 | Listed for sale | $349,900-10.3% |
Source: MRED as distributed by MLS GRID #11661219 Report a problem | ||
| 6/13/2022 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11251820 Report a problem | ||
| 5/24/2022 | Price change | $389,900-2.5% |
Source: MRED as distributed by MLS GRID #11251820 Report a problem | ||
| 4/29/2022 | Listed for sale | $399,900 |
Source: MRED as distributed by MLS GRID #11251820 Report a problem | ||
| 4/1/2022 | Listing removed | $399,900 |
Source: MRED as distributed by MLS GRID #11251820 Report a problem | ||
| 3/31/2022 | Price change | $399,9000% |
Source: MRED as distributed by MLS GRID #11251820 Report a problem | ||
| 3/27/2022 | Pending sale | $400,000 |
Source: MRED as distributed by MLS GRID #11251820 Report a problem | ||
| 11/13/2021 | Price change | $400,000-5.9% |
Source: MRED as distributed by MLS GRID #11251820 Report a problem | ||
| 10/21/2021 | Listed for sale | $425,000+97.7% |
Source: MRED as distributed by MLS GRID #11251820 Report a problem | ||
| 4/30/2019 | Sold | $215,000 |
Source: MRED as distributed by MLS GRID #10271543 Report a problem | ||
| 4/10/2019 | Pending sale | $215,000 |
Source: Villarreal Real Estate Inc. #10271543 Report a problem | ||
| 3/21/2019 | Price change | $215,000-4.4% |
Source: Villarreal Real Estate Inc. #10271543 Report a problem | ||
| 2/13/2019 | Listed for sale | $225,000+164.7% |
Source: Villarreal Real Estate Inc. #10271543 Report a problem | ||
| 6/12/2008 | Sold | $85,000-75.7% |
Source: Public Record Report a problem | ||
| 8/26/2005 | Sold | $350,000+40% |
Source: Public Record Report a problem | ||
| 6/3/2004 | Sold | $250,000+100% |
Source: Public Record Report a problem | ||
| 4/1/2003 | Sold | $125,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $28,000 +86.7% |
| 2023 | $3,175 +2.6% | $14,999 |
| 2022 | $3,096 +2.3% | $14,999 |
| 2021 | $3,026 +1.7% | $14,999 +12.7% |
| 2020 | $2,974 -3.5% | $13,307 -13% |
| 2019 | $3,083 +1.7% | $15,296 |
| 2018 | $3,031 -21.3% | $15,296 -14.2% |
| 2017 | $3,853 +7.9% | $17,835 |
| 2016 | $3,572 +9.3% | $17,835 |
| 2015 | $3,268 -13.6% | $17,835 -12.5% |
| 2014 | $3,783 +2% | $20,392 |
| 2013 | $3,709 +1.4% | $20,392 |
| 2012 | $3,659 -8.3% | $20,392 -17.2% |
| 2011 | $3,992 -0.4% | $24,632 |
| 2010 | $4,008 +4.4% | $24,632 |
| 2009 | $3,841 +5.4% | $24,632 -3% |
| 2008 | $3,642 +1% | $25,392 |
| 2007 | $3,606 -1.1% | $25,392 |
| 2006 | $3,645 +70.4% | $25,392 +94% |
| 2005 | $2,139 +1% | $13,089 |
| 2004 | $2,117 +2.2% | $13,089 |
| 2003 | $2,071 +34% | $13,089 +52.1% |
| 2002 | $1,546 +3.8% | $8,605 |
| 2001 | $1,490 +40.3% | $8,605 |
| 2000 | $1,062 -0.7% | $8,605 +55.7% |
| 1999 | $1,069 | $5,528 |
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
- Elementary: Dvorak Elementary School Special
- Middle: Dvorak Elementary School Special
- High: Farragut Career Academy Senior H
- 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
$504,300
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
$504,300
- Illinois
- Cook County
- Chicago
- 60623
- Lawndale
- 1546 S Drake Ave
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