Sold: Nov 26, 2025
Address
1540 S Drake Avenue, Chicago, IL
Price
$ 265,000
Property Attributes
  • MLS#12454319
  • TypeMulti-Family
  • Listing Status Closed
  • CountyCOOK
  • CityChicago
  • AreaCHI - North Lawndale
  • Zip60623
  • StyleGreystone
  • Year Built1903
  • Taxes$ 2897
  • Price$ 265,000
  • Bedrooms6
  • Full Bathrooms2
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

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.

Price History

General Features

New Construction No
Year Built 1903
Additional Parcels Y/N No
Township West Chicago
Elementary School District 299
Architectural Style Greystone
County Cook
Property Type Residential Income
Middle/Junior School District 299
Sewer Public Sewer
Total Rooms 12
Standard Status Closed
City Chicago
Status Closed
Roof Rubber
Close Price 265000
Possession Closing
Tax Annual Amount 2897
Zoning MULTI
Tax Year 2023
Heating Natural Gas,Forced Air,Sep Heating Systems - 2+,Indv Controls
Construction Materials Brick,Stone
Property Type Two to Four Units
Directions 16TH STREET TO DRAKE NORTH TO PROPERTY
MLS Area CHI - North Lawndale
Ownership Fee Simple
High School District 299

Interior Features

Total Bedrooms 6
Bedrooms Possible 6
Total Baths 2
Basement Finished,Full,Walk-Out Access
Full Baths Building 2
Total Number of Units 2

Exterior Features

Street Suffix Avenue
Model GREYSTONE
BuyerOfficeFax (844) 991-6092
Foundation Details Concrete Perimeter
Street Name DRAKE
Lot Dimensions 30X125
ModificationTimestamp 2025-12-09T01:34:01.565Z
Parking Features Off Alley,Yes,Owned
Days on Market 8
Total Parking 2
Waterfront Y/N No
Water Source Lake Michigan,Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 60623

Price
AVG $550K
$270K
Taxes
AVG $5,262
$2,897
Year Built
AVG 1919
1903

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.