Address
1635 N Drake Avenue Chicago, IL
Price
$ 579,900
Property Attributes
  • MLS#11202708
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - Humboldt Park
  • NeighborhoodHumboldt Park
  • Zip60647
  • Style
  • Year Built1896
  • Taxes$ 8616
  • Price$ 579,900
  • Bedrooms12
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Compass
Data Source:
Midwest Real Estate Data (MRED) - 103 - IL
Property Description

Massive 4-flat in the heart of Logan Square / Humboldt Park! This is truly a turn-key investment property; professionally managed and fully occupied. Long term tenants pay all utilities! Units show well, with significant upside potential through additional value-add investments. Current rents below market, but support an attractive cap rate at this value; total rental income of $4,650 monthly or $55,800 annually. Located on an oversized 25 x 177 ft lot with exterior parking for each unit, and just steps to the 606 trail and Humboldt Park. A must see!

Price History
9/10/2021 Listed $579,900

General Features

Additional Parcels Y/N No
Basement Full
City Chicago
Community Features Park, Curbs, Sidewalks, Street Lights, Street Paved
Contingency Attorney/Inspection
County Cook
Days on Market 57
Directions EAST OR WEST ON NORTH AVE. TO DRAKE, NORTH ON DRAKE TO ADDRESS.
Electric Expense 300
Elementary School District 299
Grossincome 55800
Heating Natural Gas, Forced Air
High School District 299
Insurance Expense 2000
MLS Area CHI - Humboldt Park
Middle/Junior School District 299
New Construction No
Ownership Fee Simple
Possession Closing
Property Type Two to Four Units
Property Type Residential Income
Roof Asphalt
Sewer Public Sewer
Standard Status Active Under Contract
Status Contingent
Street Name Drake
Tax Annual Amount 8616.91
Tax Year 2019
Total Rooms 20
Township Jefferson
Water Sewer Expense 3000
Year Built 1896
Zoning MULTI

Interior Features

Basement Unfinished, Crawl, Exterior Access
Bedrooms Possible 12
Buyerofficeemail jmiller@jamsonsir.com
Full Baths Building 4
Street Suffix Avenue
Total Baths 4
Total Bedrooms 12

Exterior Features

Buyerofficefax (312) 751-2808
Exterior Frame
Foundation Details Concrete Perimeter
Lot Dimensions 4425
Lot Size Acres 0.1
Total Parking 4
Water Source Lake Michigan, Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60647

Price
AVG $600K
$580K
Taxes
AVG $9,074
$8,616
Visits
AVG 25
4
Year Built
AVG 1956
1896
Walkscore
AVG 92
90
Data Provided by Walkscore ® not using MLS data

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