1510 S Drake Avenue , Chicago, IL 60623

$564,900
  • 1510 S Drake Avenue , Chicago, IL 60623 Main Photo

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New to the Market New
BEDS11 BATHS3 full MLS#12807695
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

Property Description

Own Your Home While Building Your Investment Stop renting and start building equity with this exceptional 3-unit property on S. Drake Ave in Chicago. Offering a total of 11 bedrooms and 3 full bathrooms, this spacious multifamily property presents a unique opportunity for homeowners and investors alike. Live in one unit while renting out the remaining units to help offset your monthly housing expenses. This owner-occupant strategy can make homeownership more attainable while providing the potential to generate rental income and build long-term equity. Each unit offers generous living space, providing flexibility for families, guests, home offices, or additional living arrangements. Whether you're a first-time homebuyer, an FHA buyer, or an investor seeking a multifamily property, this versatile building offers multiple possibilities. Conveniently located on S. Drake Ave, the property provides access to public transportation, schools, parks, shopping, dining, and everyday amenities, making it a practical choice for both homeowners and tenants. Why continue paying rent when you can own a property that works for you? Take advantage of the opportunity to combine homeownership, rental income potential, and long-term wealth building in one property. Live in one. Rent the others. Build equity. Own your future.

1510 S Drake Avenue | MLS# 12807695

This multi-family property located at 1510 S Drake Avenue , Chicago, IL 60623 is currently listed for sale with an asking price of $564,900. S Drake Avenue is located within the District 299 school district. Search Chicago real estate on tsuyko.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full
Heating: Gas
Lot Size: 0.07 Acres
Taxes: $5,243
Year Built: 1907

Feature Descriptions

Exterior: Brick
Lot Dimensions: 25 x 125
Parcel#: 16232220220000
Parking: Yes, Owned
Sewer: Public Sewer
Total Rooms: 21
Township: West Chicago
Water: Lake Michigan

Local Schools

School District: District 299

Listed By / Shown By

Listed By

Agency Name: Baird & Warner, Inc.
Agency Phone: 708-697-5900

Shown By

Agent Name: Tracy Suyko
Agent Phone: (815) 289-1130
Agency Title: Gambino Realtors

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Estimated Payment

$ 3,167.63 per month $2,565.95 Principal & Interest $436.92 Property Tax $164.76 Homeowner's Insurance

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