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  • $315,000

    1546 S Drake Ave, Chicago, IL 60623

    8beds
    --sqft
    Multi Family
    Built in 1903
    -- sqft lot
    $466,300 Zestimate®
    $--/sqft
    $2,008 Estimated rent

    Home value

    $466,300

    $420,000 - $513,000

    $2,008/mo

    Zestimate® history
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    $2,124/mo

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    What's special

    Welcome to 1546 Drake Ave, a fantastic turnkey investment opportunity in the heart of North Lawndale. This legal 3-unit multi-family Greystone has undergone recent updates, ensuring a hassle-free experience for both investors and tenants. The top floor unit offers a spacious layout, featuring three large bedrooms/ 1 bathroom, living/dining room, and eat-in kitchen that leads out to a spacious back deck. The first floor unit also has three bedrooms/ 1 bathroom with a separate living/dining room combination and kitchen complete with an island. Both Units 1 and 2 boast hardwood/vinyl floors, tall ceilings, and have been well maintained. The garden apartment provides a spacious layout with 2 nice sized bedrooms and 1 bathroom. All kitchens have been recently updated with new backsplash and cabinets, equipped with central heat, and tenants are responsible for their own utilities. Additional features include a large fenced in yard with and exterior parking pad and coin laundry in the basement, providing added convenience and income potential. Nearby Douglass Park, Cinespace Studios, Farm on Ogden, with easy access to 290 and Pink and Blue Line EL Stations this property enjoys a prime location with easy access to a range of amenities.

    Zillow last checked: 8 hours ago

    Listing updated: November 21, 2023 at 08:29am

    Listing courtesy of:

    Joseph Kotoch 773-482-1917,

    Compass

    Bought with:

    Chris Vasilakopoulos

    Dream Town Real Estate

    Source: MRED as distributed by MLS GRID,MLS#: 11840612MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas, Forced Air
    Features
    • Basement: Finished,Full

    Property

    Parking
    • Total spaces: 2
    • Parking features: Alley Access, On Site, Owned
    Features
    • Patio & porch: Deck
    Lot
    • Size: 3,049 sqft
    • Dimensions: 25 X 125
    Details
    • Parcel number: 16232220340000
    • Zoning: MULTI
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Greystone
    • Property subtype: Multi Family
    Materials
    • Brick, Stone
    Condition
    • New construction: No
    • Year built: 1903
    • Major remodel year: 2019

    Utilities & green energy

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

    Community & neighborhood

    Community
    • Community features: Curbs, Sidewalks, Street Lights, Street Paved
    Location
    • Region: Chicago

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    11/8/2023Sold$315,000-9.7%
    Source: MRED as distributed by MLS GRID #11840612
    7/24/2023Listing removed--
    Source: MRED as distributed by MLS GRID #11827467
    7/17/2023Listing removed--
    Source: Zillow Rentals
    7/10/2023Listed for sale$349,000-0.3%
    Source: MRED as distributed by MLS GRID #11827467
    5/8/2023Listed for rent$1,075
    Source: Zillow Rentals

    Public tax history

    YearProperty taxesTax assessment
    2023$3,175 +2.6%$14,999
    2022$3,096 +2.3%$14,999
    2021$3,026 +1.7%$14,999 +12.7%

    Find assessor info on the county website

    Neighborhood: Lawndale

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Dvorak Elementary School Special
    • Middle: Dvorak Elementary School Special
    • High: Farragut Career Academy Senior H
    • District: 299

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Get a free Zillow Showcase℠ listing and you could sell for .
    $466,300
    2% more+ $9,326
    With Zillow Showcase(estimated)
    $475,626