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  • $507,500

    1031 N Drake Ave, Chicago, IL 60651

    5beds
    --sqft
    Multi Family
    Built in 1907
    -- sqft lot
    $507,600 Zestimate®
    $--/sqft
    $2,351 Estimated rent

    What's special

    Freshly rehabbed 2-unit brick building with historic charm on an oversized lot. This beautiful building is ready for a new owner or pure investor as both units are vacant. First floor apartment boasts two large bedrooms, while the top floor is has a similar layout with three bedrooms - floor plans in pictures. New hardwood floors, new central A/C (top floor), new kitchens equipped with white shaker cabinets, luxury quartz countertops, subway tile backsplash, gold fixtures, and stainless steel appliances. Both bathrooms boast new vanity, floor and wall tile, tub, fixtures, toilet. Separate hot water tanks and gas forced air for each unit. The partially finished basement has been cleaned and painted, and hosts an operable full bathroom, two means of egress, and additional rooms for your creation. An oversized backyard and 2-car garage for additional income round out this property. Owner is a licensed real estate agent has a vested interest in the property. Neither seller nor agent represent legality of basement as a third unit.

    Zillow last checked: 7 hours ago

    Listing updated: June 14, 2025 at 02:13am

    Listing courtesy of:

    Thomas Shallcross 773-655-4397,

    GC Realty and Development

    Bought with:

    Erik Corral

    You Properties LLC

    Source: MRED as distributed by MLS GRID,MLS#: 12362020MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 3
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: Partially Finished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: On Site, Garage Owned, Detached, Garage
    • Garage spaces: 2
    Lot
    • Size: 3,750 sqft
    • Dimensions: 30X125
    Details
    • Additional structures: Garage(s)
    • Parcel number: 16024050100000
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1907
    • Major remodel year: 2025

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Lake Michigan, Public

    Community & neighborhood

    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple
    Services availability
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    $507,600
    2% more+ $10,152
    With Zillow Showcase(estimated)
    $517,752