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  • Price cut: $15K (6/26)
    $550,000

    1002 N Drake Ave, Chicago, IL 60651

    9beds
    --sqft
    : 
    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
    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!
    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#: 12363230MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1002 N Drake Ave.

    Next available tour time:Tomorrow at 11am

    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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