2501 N Drake Avenue, Chicago, IL 60647 - Photo 1

1/1

$1,430,000

Sold
Closed
Commercial

1/1

Property Description

Corner brick building on large lot. Easily rentable units with great income. Two car garage plus gated space for one more. Very walkable location in a quiet residential area. Beautiful 3br/3ba on third floor. Four 2br/1ba on first and second floor. Private outdoor space for three front units. All units have in unit washer/dryer. Extra gated parking space can be rented as well for additional income.

Full Property Details

Full Property Details for 2501 N Drake Ave

General

Sold For: $1,430,000
Taxes: $20,897 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12369790
Added to Site: 220 day(s) ago

Interior

Fireplace: Yes

Location

Area: CHI - Logan Square
County: Cook
Driving Directions: WRIGHTWOOD SOUTH ON DRAKE. 1 block North Of Fullerton. 1 Block East of Central Park.

Community

Assoc. Fees Include: None

Heating & Cooling

Cooling Type: Partial
Heating Type: Forced Air

Structural Information

Construction: Brick
Exterior Const.: Brick
Foundation: Brick/Mortar
Stories/Levels: 3
Year Built: 1914
Built Before 1978: Yes

Unit Information

Units w/Refrigerators: 5
Units w/Range/Oven: 5
# Dryers: 5

Lot Features

Lot Dimensions: 38 x 125

Financial Considerations

Operating Expenses: $24,000
Assessment Year: 1914
Tax Amount: $20,897
Tax Year: 2023
Tenant Pays: Electricity, Heat

Disclosures and Reports

Property ID: 13264170240000

Listed by Andrew Klemen
Sold by Keller Williams ONEChicago

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Listing agent

— 2501 N Drake Ave —

Andrew Klemen

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Schools

Schools serving 2501 N Drake Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Monroe Elementary School, Chicago, IL 3651 West Schubert Avenue, Chicago, IL 60647	PK-8	0.3 mi
Kelvyn Park High School 4343 West Wrightwood Avenue, Chicago, IL 60639	7-8	1.1 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 2501 N Drake Ave

Date

Details

Price

Change

Source

10/02/2025

Sold

$1,400,000

-3.11%

MLS

6/10/2025

Listed

$1,445,000

—

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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Updated 1 hour ago

5
Beds
3
Total Baths
1,738
Sq. Ft.

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Just Listed

$349,000

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Single Family
Active
Updated 3 days ago

4
Beds
2
Total Baths
1,381
Sq. Ft.

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Just Listed

$319,999

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Single Family
Active
Updated 1 day ago

6
Beds
2
Total Baths
1,400
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Just Listed

$330,000

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Single Family
Active
Updated 16 hours ago

3
Beds
2
Total Baths
2,187
Sq. Ft.

5734 W Cermak Rd, Cicero, IL 60804 - Photo 1

Price Reduced

-$36,000 (-5.26%)

$649,000

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Lots/Land
Active
Updated 1 day ago

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Price Reduced

-$2,000 (-0.73%)

$272,900

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Single Family
Active
Updated 17 hours ago

4
Beds
2
Total Baths
1,700
Sq. Ft.

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Price Reduced

-$10,000 (-3.23%)

$299,900

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Multi-Family
Active
Updated 4 days ago

3
Total Beds

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Price Reduced

-$6,000 (-1.35%)

$439,900

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Multi-Family
Active
Updated 1 day ago

5
Total Beds

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Sold

$1,250,000

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Multi-Family
Closed

9
Total Beds

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Sold

$1,285,000

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Single Family
Closed

4
Beds
4
Total Baths
3,700
Sq. Ft.

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Sold

$1,235,000

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Multi-Family
Closed

8
Total Beds

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Sold

$1,620,000

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Multi-Family
Closed

10
Total Beds

2501 N Drake Avenue, Chicago, IL 60647 (MLS# 12369790) is a Commercial property that was sold at $1,430,000 on October 02, 2025. Want to learn more about 2501 N Drake Avenue? Do you have questions about finding other Commercial real estate for sale in Logan Square? You can browse all Logan Square real estate or contact a Coldwell Banker agent to request more information.

2501 N Drake Ave Chicago, IL 60647