1617 N DRAKE AVE
CHICAGO, IL 60647

$545,000

8 Beds

2 Baths

7,000 Sq Ft

Status Active

MLS# 12055926

Welcome to 1617 N Drake Ave, a sprawling compound nestled in the vibrant heart of Chicago. This unique property, located just steps from the popular '606' elevated park, presents an exceptional opportunity for investors and developers alike. Spanning a substantial lot size of 60x171 feet, the estate includes multiple units and structures that offer versatile renovation potential. Whether you are seeking to tear down and build anew or to creatively transform the existing spaces, the possibilities are limitless. Set in a community with the cozy Rs-3 zoning, this location combines the tranquility of residential living with close proximity to urban conveniences. An ample outdoor space further enhances this offering, providing a rare opportunity for expansive urban development or personalization according to your architectural desires. Seize the chance to own and shape a significant piece of Chicago's architectural future at 1617 N Drake Ave. Contact us for a showing and start exploring the boundless potential awaiting.

Details for 1617 N DRAKE AVE

$78 / Sq Ft

14 parking spaces

Natural Gas, Forced Air

24 Days on website

Interior

Bathrooms Full

Bathrooms Total

Bedrooms Total

Living Area

7,000 SqFt.

HOA Features

Association Fee Frequency

Not Applicable

Association Fee Includes

None

Building And Construction

Property Sub Type

Single Family Residence

Property Type

Residential

Year Built

1925

Exterior And Lot

Garage Spaces

Parking Total

Utilities

Cooling

["Central Air"]

Heating

Natural Gas, Forced Air

Area And Schools

City

Chicago

County Or Parish

Cook

School District

299

Financial Info

Buyer Agency Compensation^*

2.5%-$495

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$16,479.70

Tax Year

2022