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Three-Unit Triplex
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For Sale
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1510 S Drake Avenue, Chicago, IL 60623

Residential income property with spacious layouts, multiple bedrooms, and full bathrooms across its units.

Property SizeContact for details
Days on Market6

Property Features for 1510 S Drake Avenue

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Road Access Yes
Public Transit Yes

Additional Details

Multifamily Units 3

Building Details

Year Built 1907
Listing Agency: Second City Real Estate
Listed By: Melchor Domantay · License #IL 475187492
Source: Crexi
Added: Aug 6 Changed: Aug 11 Last Checked: Aug 11 at 6:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Second City Real Estate

Investment Insights

Based on property information with market context.

Built in 1907, this triplex at 1510 S Drake Avenue in Chicago contains three residential units with a combined 11 bedrooms and three full bathrooms. The configuration provides substantial room across the property while retaining the defining characteristics of a small multifamily asset.

The property is located in Chicago, Illinois, at 1510 S Drake Avenue. Its residential layout and three-unit configuration support multifamily ownership and occupancy, subject to applicable requirements and individual operating plans.

Key Highlights

  • Three‑unit triplex at 1510 S Drake Avenue in Chicago
  • 11 total bedrooms across the property
  • 3 full bathrooms

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Skin Care Clinic HVAC Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,331
Businesses Nearby

Demographics for 60623, IL

87,649
Population
31,300
Households
2.8
Avg Household Size
32
Median Age
14%
College-Educated
69%
High-School Grad
5.4 sq mi
ZIP Area
16,231
Density / Sq Mi
$44,040
Median Household Income
$32,642
Median Earnings
$1,054
Median Rent
$221,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Residential income property with spacious layouts, multiple bedrooms, and full bathrooms across its units.
Where is this triplex located?
The property is located at 1510 S Drake Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three‑unit triplex at 1510 S Drake Avenue in Chicago; 11 total bedrooms across the property; 3 full bathrooms
(708) 979-0852 Call to check price and availability
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