Closed

$485,000

1031 Drake Avenue, Chicago, IL 60651
5 Beds3 Baths4 days
1031 Drake Avenue·Chicago, IL 60651
5Bedrooms
3Bathrooms
1907Year Built
About This Home

Freshly rehabbed 2-unit brick building with historic charm on an oversized lot. This beautiful building is ready for a new owner or pure investor as both units are vacant. First floor apartment boasts two large bedrooms, while the top floor is has a similar layout with three bedrooms - floor plans in pictures. New hardwood floors, new central A/C (top floor), new kitchens equipped with white shaker cabinets, luxury quartz countertops, subway tile backsplash, gold fixtures, and stainless steel appliances. Both bathrooms boast new vanity, floor and wall tile, tub, fixtures, toilet. Separate hot water tanks and gas forced air for each unit. The partially finished basement has been cleaned and painted, and hosts an operable full bathroom, two means of egress, and additional rooms for your creation. An oversized backyard and 2-car garage for additional income round out this property. Owner is a licensed real estate agent has a vested interest in the property. Neither seller nor agent represent legality of basement as a third unit.

MLS# 12362020Listed May 12, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms3
Total Rooms11

Size & Structure

Garage Spaces2
Year Built1907
Lot Size30X125

Location

CountyCook
TownshipWest Chicago
Zip Code60651

Financial

List Price$485,000
Annual Taxes (2023)$5,012
Monthly Tax Est.$418
Parcel #16024050100000
Interior Features

Heating

Natural GasForced Air

Basement

Partially FinishedFull
Exterior & Lot

Construction

Brick

Roof

Flat
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

On SiteGarage OwnedDetachedGarage
Tax & Financial
Annual Taxes
$5,012
Tax Year 2023
Monthly Tax Est.
$418
per month
Property Location

1031 Drake Avenue, Chicago, IL 60651 — Cook County

$485,000
1031 Drake Avenue
5 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
4 days on market
2-car garage
30X125
$5,012/yr taxes
$2,967
estimated monthly payment
Principal & Interest
$2,549/mo
Property Tax
$418/mo
$485,000
20% — $97,000
3%50%
6.875%
3%12%
Loan Amount
$388,000
Down Payment
$97,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
GC Realty and Development
Agent: Thomas Shallcross
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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