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$575,000
10 Beds
5 Baths
--sqft
545 N Drake Ave, Chicago, IL 60624
$575,000
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Multi Family
Built in 1890
$-- HOA
3,049.2 sqft lot
--/sqft
Description
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 ...
Continue Reading- Houzeo last checked: 19 Minutes ago
- Listing updated: December 4, 2025 at 7:54 pm
- Listing Provided by: Michael Applegate (708) 743-0043 , Brittany Jones DRE #475202289 | Straight-A Realty, LLC (630) 288-2446
- Source: MRED MLS-IL | MLS#: 12475423
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1890
HOA Fees
-
Finished Area
- sqft
Lot Size
3,049.2 sqft lot
Basement Area
- sqft
MLS Name
MRED MLS
MLS Number
12475423
MLS Status
Pending
Days on Market
77
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