1542 S Drake Avenue Chicago, IL ^$ 459,000

1542 S Drake Avenue

^$ 459,000

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Recently Listed

Open House 9/12 1pm - 3pm

1542 S Drake Avenue

Chicago, IL, 60623

^$ 459,000

Bedrooms7 Baths3.0

Monthly Estimate*

^$ 2,898

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Multi-Family Home for sale in Chicago, IL

for $459,000 with 7 bedrooms and 3 full baths. This home was built in 1903.

Great opportunity to own a 3-unit property with investment or owner-occupant potential. The property offers flexibility for investors or buyers looking to live in one unit while generating rental income from the additional units. Located in a neighborhood with continued growth and potential.

Open House

9/12/2026 1:00 PM - 3:00 PM

9/13/2026 12:00 PM - 2:00 PM

1542 S Drake Avenue Chicago, IL

* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

^$ 459,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,269

Style

Year Built

1903

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12745760

Features

General

Sewer Public Sewer

Heating Natural Gas

Possession Closing

Garage Spaces 2

Construction Materials Brick

Year Built 1903

Township North Chicago

Tax Year 2022

Ownership Fee Simple

County Cook

New Construction N

Property Type Residential Income Two to Four Units

Total Rooms 15

Status New

Directions S Drake Ave between W 15th St and W 16th St

City Chicago

High School District 299

MLS Area CHI - North Lawndale

Tax Annual Amount 3269.59

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Interior

Basement Partially Finished Full

Total Bedrooms 7

Total Baths 3

Bedrooms Possible 7

Full Baths Building 3

Half Baths Building 0

Total Number of Units 3

Exterior

Parking Features Yes Garage Owned Detached Garage

Water Source Lake Michigan

Total Parking 2

Lot Dimensions 25x125

Waterfront Y/N N

* Excluded Features

List By

Baird & Warner

Broker

brandi@thehamptoncollective.com;info@thehamptoncollective.com

Affordability Calculator

$3,171

Per Month

Monthly Principal & Interest: $2,898
Monthly Property Taxes: $272
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$639,745

Percent of Sale Price 39%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/10/2026	$459,000		Listed Price

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1542 S Drake Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $459,000. 1542 S Drake Avenue has 7 bedrooms, 3.0 baths, and was built in 1903. The property's zip code is 60623 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 9/11/2026.

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1542 S Drake Avenue

Multi-Family Home for sale in Chicago, IL

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