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$507,500
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Property Description
Freshly rehabbed 2-unit brick building with historic charm on an oversized lot. This beautiful building is ready for a new owner or pure investor as both units are vacant. First floor apartment boasts two large bedrooms, while the top floor is has a similar layout with three bedrooms - floor plans in pictures. New hardwood floors, new central A/C (top floor), new kitchens equipped with white shaker cabinets, luxury quartz countertops, subway tile backsplash, gold fixtures, and stainless steel appliances. Both bathrooms boast new vanity, floor and wall tile, tub, fixtures, toilet. Separate hot water tanks and gas forced air for each unit. The partially finished basement has been cleaned and painted, and hosts an operable full bathroom, two means of egress, and additional rooms for your creation. An oversized backyard and 2-car garage for additional income round out this property. Owner is a licensed real estate agent has a vested interest in the property. Neither seller nor agent represent legality of basement as a third unit.
Full Property Details
Full Property Details for 1031 N Drake Ave
General
- Sold For: $507,500
- Taxes: $5,012 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12362020
- Added to Site: 285 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: On Site, Garage Owned, Detached, Garage
- Parking On-Site: Yes
Location
- Area: CHI - Humboldt Park
- County: Cook
- Driving Directions: From Grand, South on Drake
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan, Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Partially Finished, Full
- Roof: Flat
- Year Built: 1907
- Built Before 1978: Yes
- Remodeled/Updated: 2025
Unit Information
- Units in Building: 2
Additional Structures
- Other Structures: Garage(s)
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 30 x 125
Financial Considerations
- Assessment Year: 1907
- Tax Amount: $5,012
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16024050100000
Listed by GC Realty and Development
Sold by You Properties LLC
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Schools
Schools serving 1031 N Drake Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Casals Elementary School 3501 West Potomac Avenue, Chicago, IL 60651 | K-8 | 0.3 mi |
Orr Academy High School 730 North Pulaski Road, Chicago, IL 60624 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1031 N Drake Ave
Date
Details
Price
Change
Source
6/13/2025
Sold
$507,500
4.64%
MLS
5/12/2025
Listed
$485,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1031 N Drake Avenue, Chicago, IL 60651 (MLS# 12362020) is a Multi-Family property that was sold at $507,500 on June 13, 2025. Want to learn more about 1031 N Drake Avenue? Do you have questions about finding other Multi-Family real estate for sale in Humboldt Park? You can browse all Humboldt Park real estate or contact a Coldwell Banker agent to request more information.

