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Two to Four Units · Chicago, IL
$575,000
11 beds · 3 baths
1510 S Drake Avenue, Chicago, IL, 60623
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Stop renting and start owning - while tenants help alleviate your mortgage. This solid 3-unit property offers a rare opportunity to become a homeowner and investor at the same time. Featuring a total of 11 bedrooms and 3 full bathrooms, the spacious layouts provide comfort, privacy, and flexibility for today's lifestyle. Live in one unit and rent out the others to significantly reduce your monthly housing cost, making homeownership more achievable than ever. Whether you need space for family, guests, or a home office, this property allows you to create a home while building long-term wealth. Located on S Drake Ave in Chicago, you'll enjoy convenient access to public transportation, schools, parks, and everyday amenities. This is an ideal opportunity for first-time buyers, FHA buyers, or anyone ready to trade rent payments for equity. Why rent to someone else's when you can own a property that works for you? Build equity, generate income, and secure your future - all in one move
— the listing agent’s description

The home

11 beds
3 baths
Built in 1907
Lot 25 x 125
Two to Four Units

What it’ll cost

$5,243 taxes / yr
No HOA
7 days on dwello

Estimated monthly payment

$3,662/mo
Principal & interest$3,057
Property taxes$437
Homeowners insurance$168
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Tour this home

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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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7 days on dwello
Price history
Listed for sale
Aug 6, 2026
$575,000
Earlier records
Sold
Apr 29, 2024
$500,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$5,243/yr
Assessed value
2026
County assessor
$30,000~$300,000 mkt
2025
$30,000~$300,000 mkt
2024
$26,000~$260,000 mkt
2023
$9,000~$90,000 mkt
2022
$9,000~$90,000 mkt
2021
$9,000~$90,000 mkt
2020
$12,066~$120,660 mkt
2019
$13,870~$138,700 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Natural GasBrickPublic SewerYes

Schools nearby

Dvorak Elementary School · 0.2 mi
Lawndale Community Academy · 0.2 mi
Herzl Elementary School · 0.2 mi
KIPP Ascend Primary School · 0.2 mi
North Lawndale College Prep Charter - Christiana · 0.3 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Melchor Domantay · Second City Real Estate
Listing last updated Aug 12, 2026 · data refreshed from the MLS Aug 12, 2026, 5:09 AM CT
Based on information submitted to the MLS GRID as of Aug 12, 2026, 5:09 AM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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