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Back 1031 N Drake Ave
Off Market

1031 N Drake Ave

Chicago IL 60651

5
3
2
Multi-Family
Last sold for $507,500
Thomas ShallcrossThomas Shallcross, last sold this property on 13 June 2025 after 32 days on market.

Overview

Freshly rehabbed 2-unit brick building with historic charm on an oversized lot. This beautiful building is ready for a new owner or pure investor as both units are vacant. First floor apartment boasts two large bedrooms, while the top floor is has a similar layout with three bedrooms - floor plans in pictures. New hardwood floors, new central A/C (top floor), new kitchens equipped with white shaker cabinets, luxury quartz countertops, subway tile backsplash, gold fixtures, and stainless steel appliances. Both bathrooms boast new vanity, floor and wall tile, tub, fixtures, toilet. Separate hot water tanks and gas forced air for each unit. The partially finished basement has been cleaned and painted, and hosts an operable full bathroom, two means of egress, and additional rooms for your creation. An oversized backyard and 2-car garage for additional income round out this property. Owner is a licensed real estate agent has a vested interest in the property. Neither seller nor agent represent legality of basement as a third unit.

Features

5 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
Multi-Family

Estimated Value

Based on this property and similar 5 bedroom multi families sold in Chicago over the last 12 months, the estimated median property value of 1031 N Drake Ave is $377.75k.

Median value
$377.75k
Estimated value range
$191k - $745k
Median days on market
20
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1031 N Drake Ave

2025
Sold
$507,500
13 Jun 2025 by Thomas Shallcross, of GC Realty and Development

Happy sellers in Chicago

~%

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.

Local market activity for 5 bedroom multi families in Chicago

In the last 12 months, 26 five-bedroom multi families similar to 1031 N Drake Ave, have been sold.

This represents a 35% decrease in five-bedroom multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Chicago

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Jose Borjas

Jose Borjas is an award winning recommended agent for Chicago.  They have 1 local sale and collected 2 local reviews across the last 12 months.

  •   5   (51 reviews)
  •  2 Reviews in Chicago
  •  1 Sale in Chicago
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Sebastian J Hernandez

Sellers who recommend Sebastian J Hernandez have praised them for being responsive, clear communication, local expert, patient, reliable, supportive, and attentive

  •   5   (107 reviews)
  •  5 Sales in Chicago
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Gregorio Morales

Gregorio Morales is a recommended agent for Chicago.  They have 3 local sales across the last 12 months.

  •  3 Sales in Chicago
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Fabian Morales

Fabian Morales is a recommended agent for Chicago.  They have 3 local sales across the last 12 months.

  •  3 Sales in Chicago
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