Contact us: 563.441.1776
Description
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.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 11
Bathrooms: 3
County: Cook
Listed By:
Baird & Warner, Inc.
708-697-5900
MRED MLS
MLS ID: 12769469
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1510 S Drake Avenue, Chicago, IL 60623.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $569,900 | $569,900 | $569,900 |
| Down Payment | $113,980 | $19,947 | $142,475 |
| Monthly Mortgage Amount | $2,995 | $3,676 | $3,694 |
| Taxes | $793 | $793 | $793 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $251 | $0 |
| Monthly Estimated Total | $3,954 | $4,886 | $4,653 |
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/29/2026. The listing information on this page last changed on 10/29/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 10/29/2026 12:02:13 AM EST) or MRED MLS (last updated Wed 10/28/2026 11:55:04 PM EST) or SCWMLS (last updated Wed 10/28/2026 11:55:21 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Wed 10/28/2026 10:15:54 PM EST) or Cedar Rapids MLS (last updated Wed 10/28/2026 10:46:58 PM EST) or NEIRBR MLS (last updated Wed 10/28/2026 11:58:43 PM EST) or ICAAR MLS (last updated Wed 10/28/2026 11:37:37 PM EST) or ECIMLS (last updated Wed 10/28/2026 11:44:36 PM EST) or RMLSA (last updated Thu 10/29/2026 12:00:59 AM EST) or Muscatine MLS (last updated Thu 10/29/2026 12:00:12 AM EST) or No Coast MLS (last updated Wed 10/28/2026 11:54:23 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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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