A multi-function handle for Information Handling System (IHS) chassis is described. In some embodiments, a chassis may include a sled configured to be installed in a rack; a drawer configured to slide in and out of the sled; and a front panel comprising a handle and a selector, the selector configured to allow a user to selectively pull from the rack using the handle: (i) the drawer without the sled, or (ii) the sled and the drawer. A method may include accessing a chassis installed in a rack, the chassis comprising: (i) a drawer configured to slide in and out of a sled; and (ii) a front panel having a handle and a selector; determining that the selector is in a first position; and pulling the handle to slide the drawer without the sled outward from the rack.