1/1

$400,000

Sold
Closed
Commercial
1 Parking Space

1/1

Property Description

Corner, two story, brick, walk-up building consisting of 2 apartments and 2 office/stores. Apartments are occupied and well maintained. Front apartment consist of 2 bedrooms, 1 bath $1045 a month, rear apartment consists of 3 bedrooms, 1 bath $945 a month. Two offices/stores will be vacant at closing. ! car space located in the back.

Full Property Details

Full Property Details for 2500 S Drake Ave

General

Sold For: $400,000
Taxes: $5,768 (2021)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 11615104
Added to Site: 970 day(s) ago

Interior

Flooring: Wood

Additional Information

Security/Safety: Carbon Monoxide Detector(s)

Parking

Total Spaces: 1
Parking Features: 1 to 5 Spaces

Location

Area: CHI - South Lawndale
County: Cook
Driving Directions: Drake is located between Pulaski and Kedzie. 25th Street East or West to 2500 S Drake Ave
Location Details: East/West Corridor, Corner, Mixed-Use Area

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Forced Air, Gas

Structural Information

Construction: Brick
Exterior Const.: Brick
Foundation: Stone
Sub-Flooring: Wood
Stories/Levels: 2
Current Bldg. Use: Commercial, Office
Year Built: 1920
Built Before 1978: Yes

Lot Features

Lot Size (Sq. Ft.): 4,340
Lot Dimensions: 4340
Frontage: City Street
Potential Use: Commercial, Office and Research, Multi-Family, Retail

Financial Considerations

Security Deposit: Carbon Monoxide Detector(s)
Assessment Year: 1920
Tax Amount: $5,768.18
Tax Year: 2021
Tenant Pays: Air Conditioning, Electricity, Heat

Disclosures and Reports

Property ID: 16262240380000

Listed by Charles Rutenberg Realty of IL
Sold by Worth Clark Realty

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— 2500 S Drake Ave —

Charles Rutenberg Realty of IL

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Schools

Schools serving 2500 S Drake Ave

School District:Chicago Public Schools

Rating	Name	Grades	Distance
	Lazaro Cardenas Elementary School 2345 S Millard Ave, Chicago, IL 60623	PK-8	0.2 mi
	Farragut Career Academy High School 2345 S Christiana Ave, Chicago, IL 60623	9-12	0.4 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2500 S Drake Ave

Date

Details

Price

Change

Source

8/31/2023

Sold

$40,000

-91.09%

MLS

3/06/2023

Price Reduced

$449,000

-6.26%

MLS

8/26/2022

Listed

$479,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

4606 W Cermak Rd, Cicero, IL 60804 - Photo 1

Just Listed

$735,000

4606 W Cermak Rd Cicero, IL 60804

Commercial
Active
Updated 4 days ago

18,500
Sq. Ft.

3138 S 54th Ave, Cicero, IL 60804 - Photo 1

Just Listed

$479,000

3138 S 54th Ave Cicero, IL 60804

Single Family
Active
Updated 20 hours ago

4
Beds
2
Total Baths
2,100
Sq. Ft.

5702 W Cermak Rd, Cicero, IL 60804 - Photo 1

Just Listed

$299,000

5702 W Cermak Rd Cicero, IL 60804

Commercial
Active
Updated 1 day ago

2,100
Sq. Ft.

1230 S 57th Ct, Cicero, IL 60804 - Photo 1

Just Listed

$299,900

1230 S 57th Ct Cicero, IL 60804

Single Family
Active
Updated 5 hours ago

5
Beds
2
Total Baths
1,200
Sq. Ft.

3307 S 58th Ave, Cicero, IL 60804 - Photo 1

Price Reduced

-$50,900 (-14.55%)

$299,000

3307 S 58th Ave Cicero, IL 60804

Single Family
Active
Updated 3 days ago

3
Beds
3
Total Baths
1,500
Sq. Ft.

1634 S 58th Ave, Cicero, IL 60804 - Photo 1

Price Reduced

-$10,000 (-2.38%)

$410,000

1634 S 58th Ave Cicero, IL 60804

Multi-Family
Active
Updated 22 hours ago

5
Total Beds

1501 S 61st Ct, Cicero, IL 60804 - Photo 1

Price Reduced

-$10,000 (-2.86%)

$339,900

1501 S 61st Ct Cicero, IL 60804

Multi-Family
Active
Updated 45 minutes ago

4
Total Beds

7001 W North Ave, Oak Park, IL 60302 - Photo 1

Price Reduced

-$1,900 (-0.24%)

$798,000

7001 W North Ave Oak Park, IL 60302

Commercial
Active
Updated 3 days ago

6,700
Sq. Ft.

2510 S St Louis Ave, Chicago, IL 60623 - Photo 1

Sold

$380,000

2510 S St Louis Ave Chicago, IL 60623

Multi-Family
Closed

6
Total Beds

2447 S Christiana Ave, Chicago, IL 60623 - Photo 1

Sold

$425,000

2447 S Christiana Ave Chicago, IL 60623

Multi-Family
Closed

7
Total Beds

2437 S Hamlin Ave, Chicago, IL 60623 - Photo 1

Sold

$345,000

2437 S Hamlin Ave Chicago, IL 60623

Single Family
Closed

6
Beds
4
Total Baths
3,000
Sq. Ft.

2334 S Ridgeway Ave, Chicago, IL 60623 - Photo 1

Sold

$360,000

2334 S Ridgeway Ave Chicago, IL 60623

Single Family
Closed

4
Beds
3
Total Baths
2,200
Sq. Ft.

2500 S Drake Avenue, Chicago, IL 60623 (MLS# 11615104) is a Commercial property that was sold at $400,000 on August 31, 2023. Want to learn more about 2500 S Drake Avenue? Do you have questions about finding other Commercial real estate for sale in South Lawndale? You can browse all South Lawndale real estate or contact a Coldwell Banker agent to request more information.

2500 S Drake Ave Chicago, IL 60623