IL
Cook
Chicago
60624
545 N Drake Avenue
545 N Drake Avenue, Chicago, IL 60624
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Listing Type
Multi Family
Listing Status
active
36
$575,000

Home Details for 545 N Drake Avenue

Price
$575,000
Type
Residential Income
Bedrooms
10
Bathrooms
5.0
Square feet
NaN
Year built
1890
Lot size acres
0.07
County
Cook
Total rooms
31
Garage
Basement
Finished, Exterior Entry, Full, Walk-Out Access
Days on site
4
MLS Listing#
12475423
Property Description

Turnkey 3-unit in Humboldt Park perfect for house-hacking or a savvy investor: the renovated garden 3BD/1BA rents for $1,700/mo via CHA, the 1st-floor 4BD/2BA (excellent condition) is a long-term CHA tenant at $2,281/mo, and the refreshed top-floor "penthouse" with a balcony is vacant and ready for an owner-occupant-let your tenants' $3,981/mo total income help offset your payment. At the current tax basis, well-qualified buyers may see PITI just under $4,000/mo (buyer to verify), making this building nearly pay for itself. Private on-site parking offers added revenue potential, and the coin- & card-operated laundry creates steady ancillary income. All this in a thriving location steps from the namesake 219-acre park and lagoon, close to the 606 Trail, California/Armitage dining, Division Street's cultural corridor, cafes, nightlife, and transit-surrounded by new construction and quality rehabs. A rare opportunity to live on the top floor, build equity, and enjoy one of Chicago's most exciting neighborhoods!

Property Features
  • Basement
    • Finished
    • Exterior Entry
    • Full
    • Walk-Out Access
  • Heating Information
    • Natural Gas
    • Forced Air
  • Water Features
    • Public
  • Parking
    • On Site
Listing Courtesy: Straight-A Realty, LLC - 630-288-2446
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-09-20 03:30:17. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-20 03:30:17
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EXIT GRACE REALTY
2945 N. Milwaukee Ave. Ste B, Chicago, IL 60618
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