Exceptional Investment Opportunity in Hot Humboldt Park! This solid, fully rehabbed legal 3-flat offers strong income potential and modern upgrades throughout. Each spacious unit features 3 full bedrooms and recently updated kitchens with stainless steel appliances including refrigerator, stove, microwave, and dishwasher. Units 1 and 2 are equipped with central air. Independent furnaces and water heaters ensure tenant comfort and easy utility management. The basement includes a shared coin-operated laundry room with two washer/dryer sets, additional tenant-controlled heating and air, and a dedicated storage area. A detached 2-car garage generates additional rental income of $260 a month. Total monthly rent roll = $4,802. Don't miss this turnkey property-sold AS IS-in one of Chicago's fastest-growing neighborhoods!
Active
Price cut: $15K (6/26)
$550,000
1002 N Drake Ave, Chicago, IL 60651
9beds
--sqft
Est.:
Multi Family
Built in 1912
-- sqft lot
$541,700 Zestimate®
$--/sqft
$-- HOA
What's special
Modern upgradesIndependent furnacesRecently updated kitchensDedicated storage areaCoin-operated laundry roomWater heatersCentral air
- 89 days
- on Zillow |
- 542 |
- 41 |
Zillow last checked: 7 hours ago
Listing updated: July 01, 2025 at 10:07pm
Listing courtesy of:
German Llanos 847-962-0923,
24 Hour Real Estate LLC,
Anthony Faltin 312-718-7373,
24 Hour Real Estate LLC
Source: MRED as distributed by MLS GRID,MLS#: 12363230

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Enclosed Porch
Heating
- Natural Gas
Features
- Basement: None
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: On Site, Garage Owned, Detached, Garage
- Garage spaces: 2
Lot
- Size: 3,750 Square Feet
- Dimensions: 30X125
Details
- Parcel number: 16024040390000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 1912
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Annual tax amount: $5,714
- Date on market: 5/13/2025
- Ownership: Fee Simple
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