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$ 575,000
Est. payment /mo
Open Sun 2PM-4PM
545 N Drake AVE Chicago, IL 60624
10 Beds
5 Baths
3,049 Sqft Lot
Open House
Sun Oct 05, 2:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12475423
Bedrooms 10
Year Built 1890
Annual Tax Amount $2,963
Tax Year 2023
Lot Size 3,049 Sqft
Lot Dimensions 25 X 125
Property Sub-Type Two to Four Units
Property 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!
Location
State IL
County Cook
Area Chi - Humboldt Park
Zoning MULTI
Rooms
Basement Finished, Exterior Entry, Full, Walk-Out Access
Interior
Heating Natural Gas, Forced Air
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Brick
New Construction false
Schools
School District 299 , 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Michael Applegate of Straight-A Realty, LLC
