$800,000

1515 S Drake Avenue, Chicago, IL 60623, US

Summary

Year Built: 1915

Moving Quotes

primary photo for 1515 S Drake Avenue, Chicago, IL 60623, US

Remarks

Legal 6-Unit | Fully Rehabbed | 10+ Cap Rate Incredible cash-flowing 6-unit building in North Lawndale, fully gut rehabbed and professionally managed. All units feature in-unit washer/dryer, hardwood floors throughout, and brand new kitchens and bathrooms. Current unit mix: (1) 4 bed / 2 bath, (1) 3 bed / 2 bath, (3) 2 bed / 1 bath, (1) 1 bed / 1 bath. scheduled rent: 113,268 annually. Estimated expenses at 25. Cap rate over 10 with stable tenants already in place. Located minutes from the 7B 1901 Project and near Douglass Park, Cinespace Studios, and Mt. Sinai Hospital. Ideal long-term hold with strong appreciation potential.

Details

MLS#: 12342051
Price: $800,000

Year Built: 1915

County: Cook
Lot Size: 25X125
Tax Fee: 3598.9

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Broker Contact

Compass
1643 N Milwaukee Ave
Chicago, IL, 60647
US
Bill White
! 773-466-7150
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Midwest Real Estate Data, LLC
Last updated: 2025-04-21T14:49:01.000-04:00.
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