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$525,000
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Property Description
Highly anticipated new construction 2-unit building coming soon for owner occupants only! Each unit features 2BD and 1Bath, thoughtfully designed for modern living and long-term value. This all-electric property offers energy efficiency and lower utility complexity, ideal for today's homeowners. Perfect for owner-occupants, this is a rare opportunity to live in one unit while generating rental income from the other-an excellent pathway to building generational wealth. Take advantage of exclusive pre-sale opportunities, including the ability to customize select finishes. Qualified buyers may also receive up to $95K in down payment assistance, making homeownership more accessible than ever. Buyers can submit a complete application to be considered for pre-sale and customization options. Must use Developers contract, 2 separate grant applications for DPA, must meet HUD AMI guidelines for second grant eligibility, all buyers receive $20K from Cook County Land Bank.
Full Property Details
Full Property Details for 825 N Drake Ave
General
- Price: $525,000
- Taxes: (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12624394
- Updated: 5/5/2026
- Added to Site: 46 day(s) ago
Interior
- Basement: Crawl Spac
Rooms
Bathrooms
- Total Bathrooms: 2
- Upper - Full Baths: 2
Bedrooms
- Total Bedrooms: 4
Parking
- Total Spaces: 2
- Parking Features: Alley Access, Yes, Owned
Location
- Area: CHI - Humboldt Park
- County: Cook
- Township: West Chicago
- Driving Directions: Chicago Ave to street, north to address
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding, Fiber Cement, Combination
- Exterior Const.: Vinyl Siding, Fiber Cement, Combination
- Basement: Yes
- Basement Desc.: Crawl Space
- Year Built: 2026
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- Assessment Year: 2026
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16024200140000
Listed by Inherent Homes LLC
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Schools
Schools serving 825 N Drake Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ward L Elementary School 646 North Lawndale Avenue, Chicago, IL 60624 | PK-8 | 0.3 mi |
Orr Academy High School 730 North Pulaski Road, Chicago, IL 60624 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 825 N Drake Ave
Date
Details
Price
Change
Source
4/20/2026
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 825 N Drake Ave
Year
Property Taxes
Change
Tax Assessment
Change
2021
$943
100%
100%
2023
100%
100%
2022
-100%
-100%
2021
$943
15%
$4,687
28%
2020
$818
11%
$3,671
—
2019
$738
2%
$3,671
—
2018
$725
3%
$3,671
12%
2017
$706
7%
$3,281
—
2016
$657
9%
$3,281
—
2015
$601
4%
$3,281
5%
2014
$580
2%
$3,125
—
2013
$568
1%
$3,125
—
2012
$561
—
$3,125
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 825 N Drake Ave
825 N Drake Avenue, Chicago, IL 60651 (MLS# 12624394) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 825 N Drake Avenue is currently listed for $525,000 and was received on April 20, 2026. Want to learn more about 825 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.

