Stunning Newer Construction 3-Unit Property in Prime Chicago Location! Don't miss out on this exceptional investment opportunity! This newly built in 2022 3-unit property is situated on an extra-wide lot, offering spacious living in a highly sought-after neighborhood. Property Features Include - 2/2 units with stackable in-unit washer/dryer; all newer appliances, flooring, etc. The bedrooms are ample sized both the closets and 2 full bathrooms. Gorgeous Designer Kitchen with Off-White Cabinets, Large Island, Quartz Countertops, and Stainless Steel Appliances 2-car Garage plus One Additional Parking Space. With modern finishes, a functional layout, and a prime location, this property is perfect for investors seeking steady rental income and long-term growth potential. Don't wait-schedule a tour today and seize this great investment opportunity! 1 unit is vacant at the time of publishing. Call the Listing Agent for details. Unit approx sq ft are 1322 each
Closed
$700,000
523 N Drake Ave, Chicago, IL 60624
6beds
--sqft
Multi Family
Built in 2022
-- sqft lot
$717,300 Zestimate®
$--/sqft
$2,704 Estimated rent
Home value
$717,300
$646,000 - $796,000
$2,704/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 22, 2025 at 09:20am
Listing courtesy of:
Stephanie Miller 708-567-8574,
Redfin Corporation
Bought with:
Young Lee
Real Broker LLC
Source: MRED as distributed by MLS GRID,MLS#: 12323228
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Natural Gas, Forced Air
Features
- Basement: None
Property
Parking
- Total spaces: 3
- Parking features: Garage Door Opener, Tandem, On Site, Garage Owned, Detached, Owned, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Exterior features: Other
Lot
- Size: 4,000 sqft
Details
- Parcel number: 16112170100000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
Condition
- New construction: No
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2025 | Sold | $700,000+0.1% |
Source:  MRED as distributed by MLS GRID #12323228 | ||
| 4/6/2025 | Contingent | $699,000 |
Source: MRED as distributed by MLS GRID #12323228 | ||
| 4/2/2025 | Listed for sale | $699,000+12.7% |
Source: MRED as distributed by MLS GRID #12323228 | ||
| 12/16/2022 | Sold | $620,000-3.9% |
Source: MRED as distributed by MLS GRID #11614111 | ||
| 10/31/2022 | Contingent | $645,000 |
Source: MRED as distributed by MLS GRID #11614111 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $13,756 | $65,000 |
| 2022 | -- | -- |
| 2021 | -- | -- |
Find assessor info on the county website
Neighborhood: East Garfield Park
Nearby schools
GreatSchools rating
- 2/10Ward L Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Orr Academy High SchoolGrades: 9-12Distance: 0.6 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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$717,300
2% more+ $14,346
With Zillow Showcase(estimated)
$731,646