Turnkey 3-unit in Humboldt Park perfect for house-hacking or a savvy investor: the renovated garden 3BD/1BA rents for $1, 700/mo via CHA, the 1st-floor 4BD/2BA (excellent condition) is a long-term CHA tenant at $2, 281/mo, and the refreshed top-floor "penthouse" with a balcony is vacant and ready for an owner-occupant-let your tenants' $3, 981/mo total income help offset your payment. At the current tax basis, well-qualified buyers may see PITI just under $4, 000/mo (buyer to verify), making this building nearly pay for itself. Private on-site parking offers added revenue potential, and the coin- & card-operated laundry creates steady ancillary income. All this in a thriving location steps from the namesake 219-acre park and lagoon, close to the 606 Trail, California/Armitage dining, Division Street's cultural corridor, cafes, nightlife, and transit-surrounded by new construction and quality rehabs. A rare opportunity to live on the top floor, build equity, and enjoy one of Chicago's most exciting neighborhoods!

Property Details

PRICE
$575,000
BEDROOMS
10
BATHROOMS
5
SQFT
N/A
YEAR BUILT
1890
PARKING SPOTS
N/A
MLS #
12475423
FULL ADDRESS
545 545 Drake Avenue
CITY
Chicago, IL
ZIP
60624

Listing Details

Listing Office
Straight-A Realty, LLC
Listing Agent
Michael Applegate
Contact
630-288-2446
Last Data Update
2025-12-05T20:43:20Z

Interior

BATHROOMS
5 Full Bathrooms

Schools

School District
299
Elementary School
High School

Buy This Home With a Local Expert

22 years. 600+ Chicago closings. Individual, hands-on representation from first tour through close. Ken can be your buyer's agent on this property. Call 773.398.5585 or drop your details below.

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