545 Drake Avenue, Humboldt Park, Chicago, Illinois 60624
$513,000
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Sold
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 10 |
| Baths: | 0 |
| Year Built: | 1890 |
| Property Taxes: | $2,963 |
| Days On Market: | 395 |
| Lot Size: | 0,07 |
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 Specifics
| Multi-unit | |
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| 1890 | |
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| No | |
| 0.07 |
| Cook | |
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| — / — | |
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| 12475423 | |
| 16112170020000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 5 Dec, 2025 | Sold | $513,000 | MRED MLS |
| 24 Oct, 2025 | Under contract | $575,000 | MRED MLS |
| 18 Sep, 2025 | Listed for sale | $575,000 | MRED MLS |
Room Specifics
Total Bedrooms: 10
Bedrooms Above Ground: 10
Bedrooms Below Ground: 0
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Full Bathrooms: 5
Bathroom Amenities: —
Bathroom in Basement: —
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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 |
|---|---|
| 2025 | $2,963 |
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Listing Provided By
Straight-A Realty, LLC
