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957 N Drake Avenue Chicago, IL $ 325,000
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$ 325,000 Get more info
957 N Drake Avenue
$ 325,000
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New Construction
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957 N Drake Avenue

Chicago, IL, 60651
$ 325,000
Bedrooms-- Baths-- Sq 3,360

Monthly Estimate*

$ 2,028

957 N Drake Avenue, Chicago, IL 60651 - Image 1
957 N Drake Avenue, Chicago, IL 60651 - Image 2
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Commercial Property for sale in Chicago, IL

for $325,000. This 3,360 square foot building was built in 1900 on a lot size of 0.097567.

Opportunity abounds! Unique commercial building at the corner of Augusta and Drake with three bathrooms, a garage space, and an underutilized fenced patio area. A potential for 3 units - must verify with zoning expert. One unit is currently rented to a convenience store tenant for $3000/mo, set to increase to $3500/mo in January 2026. Lease term through May 2027. The zoning is RS-3 and has a zoning variance for the store - there is an active business license. As long as this business license doesn't lapse for 6 months, it can be renewed. The other spaces are currently used for owner storage. Lots of new construction and development in the area - 6 unit building across the street is under contract and will be renovated. Just blocks from Alexander Von Humboldt Park. Vintage Coca Cola sign is excluded.

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Commercial Active

Price

$ 325,000

Property Type

Commercial

Taxes

$ 12,822

Style

Commercial,Legal Non Conforming

Lot Size

0.097567

Year Built

1900

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12451066
Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available
Possession Closing
Construction Materials Brick
Year Built 1900
Electric Service - 101 to 200 Amps
Stories Count 1
Township West Chicago
Property Subtype Retail
Tax Year 2023
Current Use Commercial Legal Non Conforming
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 36000
Property Type Commercial Sale Retail/Stores
Status Active
Directions Take Augusta Blvd to Drake. Subject property is on the South East corner of Drake and Augusta.
City Chicago
Number Of Units Total 3
MLS Area CHI - Humboldt Park
Lot Size Square Feet 4250
Tax Annual Amount 12822.3
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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Interior
Flooring Tile
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Exterior
Water Source Municipal Water
Building Area Total 3360
Lot Dimensions 34x125
Frontage Type City Street Public Road
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* Excluded Features
List By
Compass

Broker

vanessa.smith@compass.com

Email

Affordability Calculator

$3,096
Per Month
65%
35%
0%
Monthly Principal & Interest
$2,028
Monthly Property Taxes
$1,069
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
11/22/2025$325,000 -7.14% Price Down
8/20/2025$350,000 Listed Price

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957 N Drake Avenue, Chicago, IL, 60651 is a Commercial Property for sale at $325,000 with 3,360 sqft and a lot size of 0.097567. 957 N Drake Avenue was built in 1900. The property's zip code is 60651 which is in Chicago, IL

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