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$640,000

  • For Sale
  • Active
  • Multi-Family
  • 11 Total Beds
  • Updated 2 days ago
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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

Full Property Details for 1510 S Drake Ave

General

  • Price: $640,000
  • Taxes: $5,243 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12554517
  • Updated: 2/17/2026
  • Added to Site: 9 day(s) ago

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 11

Additional Information

  • Other Features: School Bus Service, Commuter Bus, Commuter Train

Parking

  • Total Spaces: 3
  • Parking Features: Yes

Location

  • Area: CHI - North Lawndale
  • County: Cook
  • Township: West Chicago
  • Driving Directions: 16th St to Drake, North to property

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Year Built: 1907
  • Built Before 1978: Yes
  • Remodeled/Updated: 2024

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 25 x 125

Financial Considerations

  • Assessment Year: 1907
  • Tax Amount: $5,243
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16232220220000

Listed by Second City Real Estate

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— 1510 S Drake Ave —

  • Second City Real Estate

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1510 S Drake Ave

School District:Chicago Public School District 299
NameGradesDistance
Dvorak Technology Acad Elementary School
3615 West 16th Street, Chicago, IL 60623
K-80.1 mi
Farragut Career Academy High School
2345 South Christiana Avenue, Chicago, IL 60623
9-110.8 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 1510 S Drake Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/11/2026
Listed
$640,000
28%
MLS
4/26/2024
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1510 S Drake Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,906
3%
$9,001
—
2022
$1,858
2%
$9,001
—
2021
$1,816
-33%
$9,001
-25%
2020
$2,697
-4%
$12,066
-13%
2019
$2,796
2%
$13,870
—
2018
$2,749
-22%
$13,870
-30%
2017
$3,543
2%
$19,777
—
2016
$3,461
10%
$19,777
—
2015
$3,143
3%
$19,777
4%
2014
$3,065
2%
$19,090
—
2013
$2,994
1%
$19,090
—
2012
$2,978
—
$19,090
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1510 S Drake Avenue, Chicago, IL 60623 (MLS# 12554517) is a Multi-Family property with 3 units containing 11 bedrooms and 0 full bathrooms. 1510 S Drake Avenue is currently listed for $640,000 and was received on February 11, 2026. Want to learn more about 1510 S Drake Avenue? Do you have questions about finding other Multi-Family real estate for sale in North Lawndale? You can browse all North Lawndale real estate or contact a Coldwell Banker agent to request more information.

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