1542 S Drake Avenue

Home » All Multifamily Properties » Chicago & Midwest » 1542 S Drake Avenue

Address: 1542 S Drake Ave, Chicago, IL 60623, USA

Chicago & Midwest + Apartment Buildings

Created date: September 12, 2026

Date last updated: September 17, 2026

Price: $459,000Investment Analyzer NEW!

Under Contract

Request Information

Broker Details

Brandice Hampton

Dream Town Realty (312) 265-8000 MLS ID: 246317 State License Number: 475166488

Key Property Information

Listing Status:	Under Contract
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$459,000
Year Built:	1903
Opportunity Zone:	No
Property Website	Click Here
Number of Bedrooms:	8
Number of Bathrooms:	3

Address: 1542 S Drake Avenue, Chicago, IL 60623, USA

Provided by:

Standard Status: Active Under Contract

MLS Listing Number: 12745760
ID: 3yd-MREDIL-12745760

Copyright Disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Analyzer

Step 1Financing Calculation

Purchase Price *

Down Payment *

Financed Amount

Term (Years) *

# of Payments Per Year *

Total Payments

Annual Interest Rate *

Monthly P&I

Annual P&I

Step 2Gross Rent Analysis

Please enter annual amounts.

Gross Rent *

Management Fee

Maintenance Reserve

Insurance

Property Taxes

Vacancy Reserve

Utilities

Misc. Expenses

Monthly Net Income

Annual Net Income

Step 3Cap Rate Calculation

Comparable Cap Rates *

Price Based on Cap Rate

Cap Rate Based on Price

Step 4Final Deal Analysis

Monthly Cashflow

Annual Cashflow

Cash on Cash Return

Overall Return on Full Price

Annual Approx. Depreciation

Annual Approx Market Appreciation

Similar Properties in the Area

3109 Central Drive

Fort Wayne, Indiana

Chicago & Midwest + Apartment Buildings

Available

Units: 5

Price: $424,500

Lender Sale | 14-Unit Apartments | $68.9K NOI

Chicago, Illinois

Chicago & Midwest + Apartment Buildings

Available

Units: 14

Price: $200,000

101 North Broadway

Watertown, South Dakota

Chicago & Midwest + Apartment Buildings

Available

Units: 62

Price: $1,900,000

Brokers

View All

Remax Professionals

Re/Max Real Estate Professionals | New York
Jared Ennis

Central CA Commercial | California
Rick Recckio

Recckio Real Estate & Development
Eamonn McConnell

Avison Young - CA - ON - Greater Toronto

Lenders

View All

Management

View All

1542 S Drake Avenue

Request Information

Broker Details

Key Property Information

Investment Analyzer

Step 1Financing Calculation

Step 2Gross Rent Analysis

Step 3Cap Rate Calculation

Step 4Final Deal Analysis

Similar Properties in the Area

3109 Central Drive

Lender Sale | 14-Unit Apartments | $68.9K NOI

101 North Broadway

Brokers

Remax Professionals

Jared Ennis

Rick Recckio

Eamonn McConnell

Lenders

Management

Essex Property Trust, Inc.

Josh A

Bob Tuteur

Andrew Schildcrout