1510 S Drake Avenue
Chicago, IL 60623

Status: Sold
Multi Family
11 beds
0 baths
0 sq.ft
Listing Price: $500,000
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About this home

Welcome to your next investment opportunity in North Lawndale! This historic greystone has undergone a complete renovation, offering a blend of classic charm and modern comfort. Each of the three units boasts generous living space, with two units featuring 4 bedrooms and 1 bath with a whirpool tub, while the garden unit offers 3 bedrooms and 1 bathroom with a shower/tub combo. You'll find a mix of hardwood floors and plush new carpeting in select bedrooms, creating a cozy atmosphere throughout. The spacious kitchens come complete with an abundance of cabinets and soon-to-be-installed stainless steel appliances, adding both style and functionality. Outside, enjoy the convenience of 3 exterior parking spots and unwind on the small decks attached to the rear of the first and second floors. Whether you're an investor seeking a new property for your portfolio or a house hacker looking for a place to call home, this property is move-in ready and brimming with potential.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1904
Parking Total 3
Exterior Building Type Stone
Exterior Property Features Deck
Parking Features Off Alley, Alley Access
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2024
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - North Lawndale
Corporate Limits Chicago
Directions 16th St to Drake, North to property
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Finished
Basement Full
Bedrooms Count 11
Bedrooms Possible 11
Baths Count 3
Full Baths in Building Count 3
Total Rooms 21
Units
unit 1
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator, Microwave
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number G
unit 2
Beds Total 4
Baths Total 1
Appliances And Features Stove, Refrigerator, Microwave
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 8
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 3
Beds Total 4
Baths Total 1
Appliances And Features Stove, Refrigerator, Microwave
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 8
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Lot Dimensions 25 X 125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing VA
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16232220220000
Special Assessments N
Taxes $1,816
Tax Year 2021
$500,000 Listing Price:
MLS # 11982070
Investment Profile Residential Income
Listing Market Time 63 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 02/26/2024
Year Built 1904
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