Chicago, IL 60651,957 N Drake AVE
Chicago, IL 60651,957 N Drake AVE
Chicago, IL 60651,957 N Drake AVE
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$325,000
Est. payment /mo
3,360 SqFt
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Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 3,360 sqft

Price per Sqft $96

MLS Listing ID 12451066

Year Built 1900

Annual Tax Amount $12,822

Tax Year 2023

Lot Dimensions 34x125

Property Sub-Type Retail/Stores

Property Description

Opportunity abounds! Unique commercial building at the corner of Augusta and Drake with three bathrooms, a garage space with curb cut, and an underutilized fenced patio area. One unit is currently rented to a convenience store tenant for $3000/mo, set to increase to $3500/mo in January 2026. Lease term through May 2027. The zoning is RS-3 and has a zoning variance for the store - there is an active business license. As long as this business license doesn't lapse for 6 months, it can be renewed. Buyer must verify all zoning details. The other spaces are currently used for owner storage. Lots of new construction and development in the area - there is a 6 unit building across the street currently under contract and will be renovated. Just blocks from Alexander Von Humboldt Park. The vintage Coca Cola sign is excluded.

Location

State IL

County Cook

Area Chi - Humboldt Park

Interior

Cooling Central Air

Flooring Tile

Fireplace N

Exterior

Utilities Available Electric to Site, Natural Gas Available

Building

Dwelling Type Retail/Stores

Water Municipal Water

Structure Type Brick


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Midwest Real Estate Data (MRED) IDX
Listed by Vanessa Smith of  Compass 

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Jaime Birks

Jaime Birks

+1(708) 259-6242

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957 N Drake AVE