Discover the exceptional opportunity to own a prime piece of undeveloped land at 1517 S Drake Ave, nestled in the vibrant heart of Chicago, IL. This rare vacant lot presents a blank canvas for investors and developers dreaming of constructing a bespoke new home or a lucrative real estate project. Enjoy the unparalleled convenience of being mere moments away from comprehensive public transportation options. With an abundance of bus routes and the CTA Pink Line train within walking distance, your future development will offer easy and quick commutes to downtown Chicago and beyond. Boasting swift interstate access, this location ensures that you're connected to the major arteries of the city, facilitating travel and logistics for both personal and professional needs. Experience the bustling city life with a short drive to Chicago's dynamic downtown, where endless entertainment, shopping, and dining experiences await. Situated in an area ripe for growth, 1517 S Drake Ave is a golden opportunity for visionary developers. Capitalize on the chance to craft a new construction home tailored to modern living standards in a locale that promises a harmonious blend of accessibility and urban charm. Don't miss out on the potential that this exceptional land in Chicago holds for you.
Property Details
Property Features
Listing Office:
Office Name: Realty of Chicago LLC
Office Phone: (708) 788-1900
Listing Agent: Alfonso Diaz
Other
Directions Information:
Directions: OGDEN AVE E TO CENTRAL PARK AVE N TO 16TH ST E TO DRAKE AVE N
Price Information
Listing Price Info
Price Summary:
List Price: $34,999
Tax Information:
Annual Amount: $758
Tax Year: 2019
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Housing Market Comparison
See how this home compares to others in Chicago, IL.
This property is $325.3K less than the Median Sold Price in Chicago, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MRED
MLS Number: #12074161
Listing Office:
Office Name: Realty of Chicago LLC
Office Phone: (708) 788-1900
Listing Agent: Alfonso Diaz
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Cardenas Elementary School
2345 S Millard Ave
Distance between this listing and this school0.83 miles
Public District Grades PK-3
2
/10
McCormick Elementary School
2712 S Sawyer Ave
Distance between this listing and this school1.32 miles
Public District Grades PK-5
5
/10
Liberty Elementary School
4946 W 13th St
Distance between this listing and this school1.80 miles
Public District Grades PK-3
Nearby Schools
4
/10
Dvorak Technology Academy
3615 W 16th St
Distance between this listing and this school0.14 miles
Public District Grades KG-8
2
/10
Lawndale Elementary Community Academy
3500 W Douglas Blvd
Distance between this listing and this school0.22 miles
Public District Grades KG-8
3
/10
Herzl Elementary School
3711 W Douglas Blvd
Distance between this listing and this school0.23 miles
Public District Grades PK-8
Nearby Schools
2
/10
North Lawndale Preparatory Charter - Christiana
1615 S Christiana Ave
Distance between this listing and this school0.31 miles
Public Charter Grades 9-12
1
/10
Yccs-Cca Academy High School
1231 S Pulaski Rd
Distance between this listing and this school0.63 miles
Public Charter Grades 9-12
2
/10
Noble St Charter-Drw Trading College Preparatory
931 S Homan Ave
Distance between this listing and this school0.66 miles
The neighbors living near this home have an average income of $13,347. Typical income of Chicago, IL residents is less than $35k annually. Most families are single, with kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1517 S Drake Ave
What is the listing price of this property?
The listing price of 1517 S Drake Ave property is $34,999.
What type of property is this?
The property 1517 S Drake Ave is land located in Chicago, Illinois, 60623.
Is this property for sale now?
Active Listing: 1517 S Drake Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2019 is $758 (source: MLS/based on county public records data).
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This home is located at 1517 S Drake Ave in Chicago, IL and zip code 60623 in the West Side neighborhood. It has been listed on Rocket Homes since June 04, 2024 and is currently priced at $34,999.
In October 2024, from all listings sold in Chicago, IL there were more than 539 sold above asking price, over 919 sold below and more than 337 were sold right at the asked price. Between September 2024 and October 2024, Chicago, IL real estate market has seen increase in the number of listings by 14.5%. Listings spent 32 days on the market in October 2024, and had a median list price of $360,336 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved. 
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