1540 S Drake Avenue, Chicago, IL 60623 - Photo 1

1/1

$265,000

Sold
Closed
Multi-Family
6 Total Beds

1/1

Property Description

Great Investment opportunity for a Greystone in up-and-coming North Lawndale Community. Separate forced air heating. Separate water heating. Finished basement with additional living space Needs some updating, Property was rehabbed in 2012. Sold AS-IS. Buyer will be responsible for evicting tenants. Second floor is vacant. Must see to appreciate.

Full Property Details

Full Property Details for 1540 S Drake Ave

General

Sold For: $265,000
Taxes: $2,897 (2023)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12454319
Added to Site: 105 day(s) ago

Rooms

Bathrooms

Total Bathrooms: 2

Bedrooms

Total Bedrooms: 6

Parking

Total Spaces: 2
Parking Features: Off-Alley, Yes, Owned

Location

Area: CHI - North Lawndale
County: Cook
Driving Directions: 16TH STREET TO DRAKE NORTH TO PROPERTY

School Information

School District: 299
Midd School District: 299

Heating & Cooling

Heating Type: Natural Gas, Forced Air, Sep Heating Systems - 2+, Individual Controls

Utilities

Water: Lake Michigan, Public

Structural Information

Architectural Style: Greystone
Construction: Brick, Stone
Exterior Const.: Brick, Stone
Basement Desc.: Finished, Full, Walk-Out Access
Foundation: Concrete Perimeter
Roof: Rubber
Year Built: 1903
Built Before 1978: Yes

Unit Information

Units in Building: 2

Manufactured Home

Model: GREYSTONE

Lot Features

Lot Size Range: Oversized Chicago Lot
Lot Dimensions: 30 x 125
Fence: Yes
Zoning: MULTI
Fencing (Description): Fenced

Financial Considerations

Parking Included: Yes
Assessment Year: 1903
Tax Amount: $2,897
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Property ID: 16232220320000

Listed by Berkshire Hathaway HomeServices Starck Real Estate
Sold by Worth Clark Realty

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Listing agent

— 1540 S Drake Ave —

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Schools

Schools serving 1540 S Drake Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Dvorak Technology Acad Elementary School 3615 West 16th Street, Chicago, IL 60623	K-8	0.1 mi
Farragut Career Academy High School 2345 South Christiana Avenue, Chicago, IL 60623	9-11	0.8 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 1540 S Drake Ave

Date

Details

Price

Change

Source

11/26/2025

Sold

$265,000

3.92%

MLS

10/03/2025

Listed

$255,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Total Baths
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Sq. Ft.

1540 S Drake Avenue, Chicago, IL 60623 (MLS# 12454319) is a Multi-Family property that was sold at $265,000 on November 26, 2025. Want to learn more about 1540 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.

1540 S Drake Ave Chicago, IL 60623