1510 Drake Avenue, North Lawndale, Chicago, Illinois 60623
$640,000
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For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 11 |
| Baths: | 0 |
| Year Built: | 1907 |
| Property Taxes: | $5,243 |
| Days On Market: | 17 |
| Lot Size: | 0,00 |
Description
Stop renting and start owning - while tenants help alleviate your mortgage. This solid 3-unit property offers a rare opportunity to become a homeowner and investor at the same time. Featuring a total of 11 bedrooms and 3 full bathrooms, the spacious layouts provide comfort, privacy, and flexibility for today's lifestyle. Live in one unit and rent out the others to significantly reduce your monthly housing cost, making homeownership more achievable than ever. Whether you need space for family, guests, or a home office, this property allows you to create a home while building long-term wealth. Located on S Drake Ave in Chicago, you'll enjoy convenient access to public transportation, schools, parks, and everyday amenities. This is an ideal opportunity for first-time buyers, FHA buyers, or anyone ready to trade rent payments for equity. Why rent to someone else's when you can own a property that works for you? Build equity, generate income, and secure your future - all in one move
Property Specifics
| Multi-unit | |
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| 1907 | |
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| No | |
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| Cook | |
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| — / — | |
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| 12554517 | |
| 16232220220000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 29 Apr, 2024 | Sold | $500,000 | MRED MLS |
| 20 Mar, 2024 | Under contract | $500,000 | MRED MLS |
| 26 Feb, 2024 | Listed for sale | $500,000 | MRED MLS |
| 11 Feb, 2026 | Listed for sale | $640,000 | MRED MLS |
Room Specifics
Total Bedrooms: 11
Bedrooms Above Ground: 11
Bedrooms Below Ground: 0
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| 25 x 125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $1,816 |
| 2026 | $5,243 |
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Listing Provided By
Second City Real Estate
