• Status Coming Soon
  • Price $569,900
  • Bed 11
  • Bath 3
  • Location North Lawndale

1510 S Drake Avenue

Own Your Home While Building Your Investment Stop renting and start building equity with this exceptional 3-unit property on S. Drake Ave in Chicago. Offering a total of 11 bedrooms and 3 full bathrooms, this spacious multifamily property presents a unique opportunity for homeowners and investors alike. Live in one unit while renting out the remaining units to help offset your monthly housing expenses. This owner-occupant strategy can make homeownership more attainable while providing the potential to generate rental income and build long-term equity. Each unit offers generous living space, providing flexibility for families, guests, home offices, or additional living arrangements. Whether you're a first-time homebuyer, an FHA buyer, or an investor seeking a multifamily property, this versatile building offers multiple possibilities. Conveniently located on S. Drake Ave, the property provides access to public transportation, schools, parks, shopping, dining, and everyday amenities, making it a practical choice for both homeowners and tenants. Why continue paying rent when you can own a property that works for you? Take advantage of the opportunity to combine homeownership, rental income potential, and long-term wealth building in one property. Live in one. Rent the others. Build equity. Own your future.

General Info

  • Property Type Two to Four Units
  • Price $569,900
  • Taxes $5,243
  • Assessments Not provided
  • Assessments Include Not provided
  • Market Time Not provided
  • Year Built 1907
  • Square Feet Not provided
  • Source MRED as distributed by MLS GRID

Rooms

  • Total Rooms 21
  • Bedrooms 11
  • Bathrooms 3

Units

  • Unit 1
    • Rooms 5
    • Beds 3
    • Baths 1
    • Appliances Stove, Refrigerator
    • Rent $1,550/mo
    • Tenant Pays Electric,Gas,Heat
    • Lease Expires 06/27
  • Unit 2
    • Rooms 8
    • Beds 4
    • Baths 1
    • Appliances Stove, Refrigerator
    • Rent $1,850/mo
    • Tenant Pays Electric,Gas,Heat
    • Lease Expires MTM
  • Unit 3
    • Rooms 8
    • Beds 4
    • Baths 1
    • Appliances Stove, Refrigerator
    • Rent $1,850/mo
    • Tenant Pays Electric,Gas,Heat
    • Lease Expires 04/27

Features

  • Heat Natural Gas
  • Air Conditioning Not provided
  • Parking Yes
  • # of Spaces 3 spaces
  • Age 100+ Years
  • Exterior Not provided

Based on information submitted to the MLS GRID as of 10/15/2026 6:02 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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