957 N Drake Avenue, Chicago, IL 60651

• 3,360 sqft

Property Description

Opportunity abounds! Unique commercial building at the corner of Augusta and Drake with three bathrooms, a garage space, and an underutilized fenced patio area. A potential for 3 units - must verify with zoning expert. 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. The other spaces are currently used for owner storage. Lots of new construction and development in the area - 6 unit building across the street is under contract and will be renovated. Just blocks from Alexander Von Humboldt Park. Vintage Coca Cola sign is excluded.

Listing Status:

Active

Listing Office:

Compass : 773-469-1025

Listing Agent:

Vanessa Smith : 773-469-1025

MLS ID:

12451066

Interior

• Flooring: Tile
• A/C: Central Air

Location

• Road/Access: City StreetPublic Road
• Originating MLS: mred
• County: Cook

Lot

• Zoning: 16024160010000
• Current Use: Commercial

Utilities

• Utilities: Electricity AvailableNatural Gas AvailableService - 101 to 200 Amps
• Water: Municipal Water

Financial

• Source: mred

This listing courtesy of Vanessa Smith, Compass