545 N Drake Avenue, Chicago, IL 60624

Local realty services provided by:ERA Naper Realty
545 N Drake Avenue,Chicago, IL 60624
$575,000
  • 10 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: michael applegate, brittany jones
Office: straight-a realty, llc.
MLS#:12475423
Source:MLSNI

Price summary

  • Price:$575,000

About this home

Turnkey 3-unit in Humboldt Park perfect for house-hacking or a savvy investor: the renovated garden 3BD/1BA rents for $1,700/mo via CHA, the 1st-floor 4BD/2BA (excellent condition) is a long-term CHA tenant at $2,281/mo, and the refreshed top-floor "penthouse" with a balcony is vacant and ready for an owner-occupant-let your tenants' $3,981/mo total income help offset your payment. At the current tax basis, well-qualified buyers may see PITI just under $4,000/mo (buyer to verify), making this building nearly pay for itself. Private on-site parking offers added revenue potential, and the coin- & card-operated laundry creates steady ancillary income. All this in a thriving location steps from the namesake 219-acre park and lagoon, close to the 606 Trail, California/Armitage dining, Division Street's cultural corridor, cafes, nightlife, and transit-surrounded by new construction and quality rehabs. A rare opportunity to live on the top floor, build equity, and enjoy one of Chicago's most

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1890
  • Listing ID #:12475423
  • Added:57 day(s) ago
  • Updated:November 15, 2025 at 09:25 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:5
  • Full bathrooms:5

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1890
  • Lot area:0.07 Acres

Utilities

  • Water:Lake Michigan, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$575,000
  • Tax amount:$2,963 (2023)
MLS LogoCopyright 2025 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.

New listings near 545 N Drake Avenue