Great Investment opportunity for a Greystone in up-and-coming North Lawndale Community. Separate forced air heating. Separate water heating. Finished basement with additional living space Needs some updating, Property was rehabbed in 2012. Sold AS-IS. Buyer will be responsible for evicting tenants. Second floor is vacant. Must see to appreciate.
Closed
$265,000
1540 S Drake Ave, Chicago, IL 60623
6beds
--sqft
Multi Family
Built in 1903
-- sqft lot
$265,500 Zestimate®
$--/sqft
$2,021 Estimated rent
Home value
$265,500
$242,000 - $292,000
$2,021/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 05:34pm
Listing courtesy of:
Clyde McMullen clientcare@starckre.com,
Berkshire Hathaway HomeServices Starck Real Estate
Bought with:
Darlene Morris
Worth Clark Realty
Source: MRED as distributed by MLS GRID,MLS#: 12454319
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
Features
- Basement: Finished,Full,Walk-Out Access
Property
Parking
- Total spaces: 2
- Parking features: Off Alley, Owned
Features
- Fencing: Fenced
Lot
- Size: 3,750 sqft
- Dimensions: 30X125
Details
- Parcel number: 16232220320000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Greystone
- Property subtype: Multi Family
Materials
- Brick, Stone
- Foundation: Concrete Perimeter
- Roof: Rubber
Condition
- New construction: No
- Year built: 1903
Details
- Builder model: GREYSTONE
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2025 | Sold | $265,000+3.9% |
Source:  MRED as distributed by MLS GRID #12454319 | ||
| 10/10/2025 | Contingent | $255,000 |
Source: MRED as distributed by MLS GRID #12454319 | ||
| 10/4/2025 | Listed for sale | $255,000+109% |
Source: MRED as distributed by MLS GRID #12454319 | ||
| 3/30/2012 | Sold | $122,000+258.8% |
Source: MRED as distributed by MLS GRID #07736572 | ||
| 4/1/2010 | Sold | $34,000-86.9% |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $2,897 +3.4% | $16,999 |
| 2022 | $2,802 +1.6% | $16,999 |
| 2021 | $2,758 +41.2% | $16,999 +43.6% |
Find assessor info on the county website
Neighborhood: Lawndale
Nearby schools
GreatSchools rating
- 3/10Dvorak Technology Acad Elementary SchoolGrades: PK-8Distance: 0.1 mi
- 1/10Farragut Career Academy High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- 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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$265,500
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