825 N Drake Avenue, Chicago, IL
  • $525,000

Description

Highly anticipated new construction 2-unit building coming soon for owner occupants only! Each unit features 2BD and 1Bath, thoughtfully designed for modern living and long-term value. This all-electric property offers energy efficiency and lower utility complexity, ideal for today’s homeowners. Perfect for owner-occupants, this is a rare opportunity to live in one unit while generating rental income from the other-an excellent pathway to building generational wealth. Take advantage of exclusive pre-sale opportunities, including the ability to customize select finishes. Qualified buyers may also receive up to $95K in down payment assistance, making homeownership more accessible than ever. Buyers can submit a complete application to be considered for pre-sale and customization options. Must use Developers contract, 2 separate grant applications for DPA, must meet HUD AMI guidelines for second grant eligibility, all buyers receive $20K from Cook County Land Bank.

  • Listing Courtesy of: Inherent Homes LLC

Details

Updated on June 28, 2026 at 3:12 pm
  • Property ID MRD12624394
  • Price $525,000
  • Bedrooms 4
  • Year Built 2026
  • Property Type Multi Family
  • Property Status Active
  • Parking Total 2
  • Parcel Number 16024200140000
  • Water Source Public
  • Sewer Public Sewer
  • MLS Status Active
  • Days On Market 69
  • Cumulative Days On Market 7
  • Heating Electric
  • Parking Features Alley Access,Yes,Owned
  • Directions Chicago Ave to street, north to address
  • Address 825 N Drake Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60651
  • Country United States

Overview

Property ID: MRD12624394
  • Multi Family
  • Property Type
  • 4
  • Bedrooms
  • 2026
  • Year Built

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%