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$325,000
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Property Description
Opportunity abounds! Unique commercial building at the corner of Augusta and Drake with three bathrooms, a garage space with curb cut, and an underutilized fenced patio area. One unit is currently rented to a convenience store tenant for $3000/mo, set to increase to $3500/mo in January 2026. Lease term through May 2027. The zoning is RS-3 and has a zoning variance for the store - there is an active business license. As long as this business license doesn't lapse for 6 months, it can be renewed. Buyer must verify all zoning details. The other spaces are currently used for owner storage. Lots of new construction and development in the area - there is a 6 unit building across the street currently under contract and will be renovated. Just blocks from Alexander Von Humboldt Park. The vintage Coca Cola sign is excluded.
Full Property Details
Full Property Details for 957 N Drake Ave
General
- Price: $325,000
- Taxes: $12,822 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12451066
- Updated: 12/18/2025
- Added to Site: 149 day(s) ago
Interior
- Flooring: Tile
Additional Information
- Security/Safety: Ansul System
Location
- Area: CHI - Humboldt Park
- County: Cook
- Township: West Chicago
- Driving Directions: Take Augusta Blvd to Drake. Subject property is on the South East corner of Drake and Augusta.
- Location Details: Corner, Mixed-Use Area, Public Transport Avail
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Drive-In Doors: 1
- Sub-Flooring: Tile
- Stories/Levels: 1
- Square Feet: 3,360
- Current Bldg. Use: Commercial, Legal Non-Conforming
- Year Built: 1900
Unit Information
- # Tenants: 1
Lot Features
- Lot Size (Sq. Ft.): 4,250
- Lot Dimensions: 34 x 125
- Frontage: City Street, Public Road
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Ansul System
- Assessment Year: 1900
- Tax Amount: $12,822.3
- Tax Year: 2023
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 16024160010000
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Schools
Schools serving 957 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 | 0.4 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 957 N Drake Ave
Date
Details
Price
Change
Source
11/22/2025
Price Reduced
$325,000
-7.14%
MLS
8/20/2025
Listed
$350,000
1066.67%
MLS
12/01/2014
Sold
$30,000
—
Public Record
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 957 N Drake Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,822
-15%
$60,590
-18%
2022
$15,147
2%
$73,644
—
2021
$14,809
102%
$73,644
124%
2020
$7,331
11%
$32,910
—
2019
$6,612
112%
$32,910
109%
2018
$3,115
9%
$15,769
18%
2017
$2,865
8%
$13,308
—
2016
$2,665
9%
$13,308
—
2015
$2,439
-1%
$13,308
—
2014
$2,465
-26%
$13,287
-28%
2013
$3,347
-39%
$18,404
-39%
2012
$5,445
—
$30,344
—
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 957 N Drake Ave
957 N Drake Avenue, Chicago, IL 60651 (MLS# 12451066) is a Commercial property. 957 N Drake Avenue is currently listed for $325,000 and was received on August 20, 2025. Want to learn more about 957 N Drake Avenue? Do you have questions about finding other Commercial 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.

