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.
Closed
$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
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#: 12362020

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
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$517,752