1510 S Drake Avenue Chicago, IL $ 569,900
1510 S Drake Avenue
$ 569,900
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1510 S Drake Avenue

Chicago, IL, 60623
$ 569,900
Bedrooms11 Baths3.0

Monthly Estimate*

$ 3,936

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Multi-Family Home for sale in Chicago, IL

for $569,900 with 11 bedrooms and 3 full baths. This home was built in 1907.

Own Your Home While Building Your Investment Stop renting and start building equity with this exceptional 3-unit property on S. Drake Ave in Chicago. Offering a total of 11 bedrooms and 3 full bathrooms, this spacious multifamily property presents a unique opportunity for homeowners and investors alike. Live in one unit while renting out the remaining units to help offset your monthly housing expenses. This owner-occupant strategy can make homeownership more attainable while providing the potential to generate rental income and build long-term equity. Each unit offers generous living space, providing flexibility for families, guests, home offices, or additional living arrangements. Whether you're a first-time homebuyer, an FHA buyer, or an investor seeking a multifamily property, this versatile building offers multiple possibilities. Conveniently located on S. Drake Ave, the property provides access to public transportation, schools, parks, shopping, dining, and everyday amenities, making it a practical choice for both homeowners and tenants. Why continue paying rent when you can own a property that works for you? Take advantage of the opportunity to combine homeownership, rental income potential, and long-term wealth building in one property. Live in one. Rent the others. Build equity. Own your future.

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Multi-Family Active

Price

$ 569,900

Bedrooms

11

Full Bath

3

Property Type

Multi-Family

Taxes

$ 5,243

Style

Year Built

1907

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12769469

Features
General
Sewer Public Sewer
Heating Gas
Possession Closing
Construction Materials Brick
Year Built 1907
Township West Chicago
Tax Year 2024
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 21
Status New
Directions 16th St to Drake North to property
City Chicago
High School District 299
MLS Area CHI - North Lawndale
Tax Annual Amount 5243
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Full
Total Bedrooms 11
Total Baths 3
Bedrooms Possible 11
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Parking Features Yes Owned
Water Source Lake Michigan
Total Parking 3
Lot Dimensions 25 x 125
Waterfront Y/N N
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* Excluded Features
List By
Baird & Warner, Inc.

Broker

Aaron.Vanderbilt@bairdwarner.com;avanderbilt81@gmail.com

Email

Affordability Calculator

$4,373
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,936
Monthly Property Taxes
$437
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/28/2026$569,900 Listed Price

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1510 S Drake Avenue, Chicago, IL, 60623 is a Multi-Family Home for sale at $569,900. 1510 S Drake Avenue has 11 bedrooms, 3.0 baths, and was built in 1907. The property's zip code is 60623 which is in Chicago, IL