545 N Drake Avenue, Chicago, IL 60624

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545 N Drake Avenue,Chicago, IL 60624
$575,000
  • 10 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:michael applegate
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

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Home facts

  • Year built:1890
  • Listing ID #:12475423
  • Added:11 day(s) ago
  • Updated:September 30, 2025 at 02:59 PM

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)
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