1546 S  Drake Ave, Chicago, IL 60623
SOLDNOV 8, 2023

1546 S Drake Ave
Chicago, IL 60623

Lawndale
  • 8 Beds
  • 3 Baths
  • 8 Beds
  • 3 Baths

$315,000

Last Sold: Nov 8, 2023
4% below list $329K
Est. Refi. Payment $2,246/mo*

Homes for Sale Near 1546 S Drake Ave

Local Information

map showing home location
© Google
-- mins to
Commute Destination

Description

This property is no longer available to rent or to buy. This description is from November 21, 2023
Welcome to 1546 Drake Ave, a fantastic turnkey investment opportunity in the heart of North Lawndale. This legal 3-unit multi-family Greystone has undergone recent updates, ensuring a hassle-free experience for both investors and tenants. The top floor unit offers a spacious layout, featuring three large bedrooms/ 1 bathroom, living/dining room, and eat-in kitchen that leads out to a spacious back deck. The first floor unit also has three bedrooms/ 1 bathroom with a separate living/dining room combination and kitchen complete with an island. Both Units 1 and 2 boast hardwood/vinyl floors, tall ceilings, and have been well maintained. The garden apartment provides a spacious layout with 2 nice sized bedrooms and 1 bathroom. All kitchens have been recently updated with new backsplash and cabinets, equipped with central heat, and tenants are responsible for their own utilities. Additional features include a large fenced in yard with and exterior parking pad and coin laundry in the basement, providing added convenience and income potential. Nearby Douglass Park, Cinespace Studios, Farm on Ogden, with easy access to 290 and Pink and Blue Line EL Stations this property enjoys a prime location with easy access to a range of amenities.

Home Highlights

Parking
2 Parking Spaces
Outdoor
Deck
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
158 days ago

Home Details for 1546 S Drake Ave

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: FullNumber of Rooms: 15
Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 3Number of Bathrooms (full): 3
Heating & Cooling
Heating: Natural Gas,Forced AirHas HeatingHeating Fuel: Natural Gas

Exterior Features

Exterior Home Features
Patio / Porch: Deck
Parking & Garage
Parking Spaces: 2Parking: Alley Access
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1903Year Renovated: 2019
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Greystone
Building
Construction Materials: Brick, StoneNot a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 16232220340000

Price & Status

Price
List Price: $329,000
Status Change & Dates
Off Market Date: Wed Aug 09 2023Possession Timing: Close Of Escrow

Location

Direction & Address
City: Chicago
School Information
Elementary School: Dvorak Elementary School SpecialElementary School District: 299Jr High / Middle School: Dvorak Elementary School SpecialJr High / Middle School District: 299High School: Farragut Career Academy Senior HHigh School District: 299

Community

Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Lot Information

Lot Area: 3049.2 sqft

Listing Info

Special Conditions: None

Offer

Listing Terms: Conventional

Compensation

Buyer Agency Commission: 2.5%- $495Buyer Agency Commission Type: See Remarks:
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 11840612

Additional Information

CurbsSidewalksStreet LightsStreet PavedMlg Can ViewMlg Can Use: IDX
Last check for updates: about 10 hours ago
Listed by Joseph Kotoch
Compass
Bought with: Chris Vasilakopoulos, Dream Town Real Estate
Source: MRED as distributed by MLS GRID, MLS#11840612

Price History for 1546 S Drake Ave

DatePriceEventSource
11/08/2023$315,000Sold
MRED as distributed by MLS GRID #11840612
07/24/2023ListingRemovedMRED as distributed by MLS GRID #11827467
07/10/2023$349,000Listed For SaleMRED as distributed by MLS GRID #11827467
12/03/2022ListingRemovedMRED as distributed by MLS GRID #11661219
10/26/2022$349,900Listed For SaleMRED as distributed by MLS GRID #11661219
06/13/2022ListingRemovedMRED as distributed by MLS GRID #11251820
05/24/2022$389,900PriceChange
MRED as distributed by MLS GRID #11251820
04/29/2022$399,900Listed For SaleMRED as distributed by MLS GRID #11251820
04/01/2022$399,900ListingRemovedMRED as distributed by MLS GRID #11251820
03/31/2022$399,900PriceChange
MRED as distributed by MLS GRID #11251820
03/27/2022$400,000PendingMRED as distributed by MLS GRID #11251820
03/27/2022$400,000Listed For SaleMRED as distributed by MLS GRID #11251820
12/13/2021ListingRemovedMRED as distributed by MLS GRID #11251820
11/13/2021$400,000PriceChange
MRED as distributed by MLS GRID #11251820
10/21/2021$425,000Listed For SaleMRED as distributed by MLS GRID #11251820
04/30/2019$215,000Sold
MRED as distributed by MLS GRID #10271543
04/10/2019$215,000PendingAgent Provided
03/21/2019$215,000PriceChange
Agent Provided
02/13/2019$225,000Listed For SaleAgent Provided

Comparable Sales for 1546 S Drake Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.07
Multi-Family Home
$307,000
02/06/24
9
3
-
0.10
Multi-Family Home
$370,000
06/30/23
11
3
-
0.25
Multi-Family Home
$290,000
03/14/24
8
3
-
0.18
Multi-Family Home
$335,000
04/05/24
8
4
-
0.25
Multi-Family Home
$370,000
06/13/23
10
3
-
0.22
Multi-Family Home
$495,000
08/31/23
8
3
-
0.07
Multi-Family Home
$503,000
03/04/24
9
6
-
0.43
Multi-Family Home
$375,000
03/08/24
8
3
-
0.39
Multi-Family Home
$375,000
08/11/23
9
3
-

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Lawndale

  • Trulia User
    "Neighborhood block parties. They make the most the block. The kids come out and play. People come out and bbq. They’re are jumping houses everywhere. The times are fun!"
    3
    Flag
  • Trulia User
    "I drive and if I don’t drive I catch the bus on Roosevelt and Central Park . It’s the best commute from my home . From transportation to expressway and even walking. There are two parks I. Walking distances and so much more . I wish there was a better grocery store located near us . "
    0
    Flag
  • Trulia User
    "Community is very diverse. We have a lot of community service and take care of each other. I love and appreciate everyone within my community. "
    0
    Flag
  • Trulia User
    "A loving friendly environment for the most part. No break ins everyone look after each other. The kids play well along with each other. "
    7
    Flag
  • Trulia User
    "To be safe of your surroundings and stay to yourself, do not go to the neighborhood stores and stay out of the parks "
    1
    Flag
  • Trulia User
    "I grew up in the south side so little village has always been home to me. It sucks it’s getting gentrified, a lot of people that make it feel like home have left. I always felt safe here and the neighbors have always done their part to keep things clean "
    6
    Flag
  • Trulia User
    "This is no area to raise your kids the parks are not safe you can't sit out and enjoy the weather when it's nice out "
    1
    Flag
  • Trulia User
    "everything is very close and transportation is very close nice ppl friendly asmosphere. and very I wouldn't mind staying there forevermore and having many kids"
    0
    Flag
  • Trulia User
    "I just moved here it's quiet and the neighbors don't bother each other. There is a high school and church nearby and Pete's fresh market is close."
    1
    Flag
  • Trulia User
    "It’s a very nice neighborhood but just like everything else, it has problems but mind your business and keep moving."
    0
    Flag
  • Trulia User
    "they have sidewalk sells,potlucks come together in keeping they community/neighborhood clean and they comunt with one another "
    0
    Flag
  • Colleen H.
    "If you absolutely NEED to use public transportation it’s definitely available. My drive to downtown is usually 13-15 minutes with no traffic using the expressway but during rush hour it can take 25-30 minutes. There are buses and train nearby. "
    12
    Flag
  • Jamica88
    "I use my car to travel expect when I go down town I use the bus and the trains. The buses and trains are not always clean when riding. "
    3
    Flag
  • Alzonia A. M.
    "Riot Fest!!! Every year!!! Park district with pool. Schools and after school programs. Church, St Agatha. family homes"
    2
    Flag
  • Angela C.
    "We try to interact with the community. Such as block parties monthly meetings and at least oncd a month block cleaning. "
    1
    Flag
  • Terrence W.
    "I do not really know. I do see some dogs but they are not trained well. and some just always getting out their yards"
    2
    Flag
  • Princenolov33
    "well its a neighbor with no stores alot of police and activity. but like any other hood it has its prons and cons "
    1
    Flag
  • Rashidia C. .
    "To much drug activities kids can’t play outside can walk to the parks can’t sit on your porch with out gun shooting police barely doing anything about it "
    10
    Flag
  • Efrem C.
    "I see dogs walking their self. it’s not safe here, it’s very bad not for families It use to be quite and safe "
    7
    Flag
  • Willie B.
    "Generally no one bothers dogs with owners..there are dog parks in the area though. Please be a responsible pet owner. "
    1
    Flag
  • Pollie3160
    "keep your kids in the house its very bad around Lawndale area they shoot alot theres no where for your kids to play at it's just not safe "
    4
    Flag
  • Rashe.willhite
    "There’s access to public transit but it’s not safe. Easy commute to downtown but be careful and watch for robbers. "
    2
    Flag
  • Tiarra H.
    "The commute to downtown is very convenient. Pink line train is only a couple of blocks over. Parking is great if you had a vehicle. "
    1
    Flag
  • Cityboidguy
    "Yes it is .. it is a landmark area but the crime is high and people are killed daily . I advise no one to live here"
    2
    Flag
  • Karen E.
    "I've lived in this neighborhood for 4 months and it's a nightmare. When I moved in the first month there was a drive-by shooting where someone died. Then about 2 weeks to a month later another one happened. Lots of police presence, not a safe neighborhood for your children. Please beware of your surroundings."
    98
    Flag
  • Vdosie53
    "it's some wonderful people in the area. But, it's a lot of drug users and dealers also in the area. Heavy and harsh drugs"
    3
    Flag
  • Anthonyespinoza2013
    "Please don't let your kids out when it's dark not safe alot of shootings. when people are double parked blocking the street don't beep you don't know how they will react."
    0
    Flag
  • Collinsashanti
    "Location is convenient. You can access public transportation to the down town area easily.. also close to medical district "
    12
    Flag
  • Anthonyespinoza2013
    "keep your kids inside at all times due to shooting on a daily basis. there are a lot of ambulances driving by with sirens on "
    1
    Flag
  • Danielle J.
    "The area is okay, but crime is terrible. Make sure to have kids play in the yard and not so much on the front due to craziness. There are lots of stores and schools plus great transportation, which is a plus! "
    0
    Flag
  • Ayesha G.
    "They would not like to take their dog out at night for a potty break unless they had a backyard. There are parks for the dogs to enjoy!"
    1
    Flag
  • patty p
    "They have police cameras and police patrol often neighbors are friendly mixture of homes and multi units "
    26
    Flag
  • Karen
    "there are no off leash dog parks around but douglas park is great for walking dogs. I would not walk alone though the park after dark though."
    1
    Flag
  • Bianca R.
    "You see people walk they're dogs all time I think it pet friendly but it been gun violence in the area too so u got be careful "
    2
    Flag
  • Anisethebeast
    "I've Ived in this neighborhood a cule years ag. I'd say the best thing about the neighborhood is that it's in the middle of the city. Easy to go north or south and downtown is just minutes away."
    12
    Flag
  • Malissa W.
    "the peewee football games and various community events in the park across the street.. the community is making an attempt to go in the right direction."
    0
    Flag
  • Kadeshapalmer
    "I just live here but dont plan on continuing living here due to the unsafety. But I do see it changing coming to this neighborhood to make it safe."
    12
    Flag
  • Crystal A.
    "don't really see many people walking dogs however there are alot of parks where they can walk them but they will have to clean up after them to keep area clean"
    0
    Flag
  • Tequila
    "Lived here for most of my teen years. I’ve never had any problems here…but then again I do stay to myself and mind my own business 🤷🏽‍♀️"
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. 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. Some IDX listings have been excluded from this website. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 1546 S Drake Ave

Off Market Homes Near 1546 S Drake Ave

1546 S Drake Ave, Chicago, IL 60623 is a 8 bedroom, 3 bathroom multi-family built in 1903. 1546 S Drake Ave is located in Lawndale, Chicago. This property is not currently available for sale. 1546 S Drake Ave was last sold on Nov 8, 2023 for $315,000 (4% lower than the asking price of $329,000). The current Trulia Estimate for 1546 S Drake Ave is $324,100.