1635 North Drake Avenue
1635 North Drake Avenue
$475,000
12
4
—
—
—
Closed 1/7/22
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...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!
Listing Agents
Sold By Jameson Sotheby's Intl Realty
Property Details for 1635 North Drake Avenue
Area
CHI - Humboldt Park
TownshipJefferson
OwnershipFee Simple
Num Of Parking Spaces4.0
Num Of Cars4.0
Parking Included in PriceYes
Heat/FuelNatural Gas, Forced Air
ZoningMULTI
Location
LISTING UPDATED: 01/10/2022 04:48 PM
Property Details for 1635 North Drake Avenue
Status | Closed |
---|---|
MLS # | 11202708 |
Days on Market | 119 |
Taxes | $8,617 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Two to Four Units / 4 Flat |
Year Built | 1896 |
Lot Size | 0.10 AC / 4,356 SF |
County | Cook County |
Location
Building Information for 1635 North Drake Avenue
Stories-Residences4Year Built1896Building Size-Lot Size0.10 AC / 4,356 SF
Payment Calculator
$3,310 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1635 North Drake Avenue
Property History for 1635 North Drake Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1635 North Drake Avenue
Taxable ValueLand$13,275Additions$16,725Total$30,000
Tax Record2022$6,170 ($514 / month)
Home Facts
Baths4Total Finished SqFt3,080 SqFtAbove Grade Finished SqFt3,080 SqFtStories2Lot Size4,425 SqFtStyleMulti-Family Res (5+ Units)Year Built1898CountyCOOKAPN13-35-419-009
Schools near 1635 North Drake Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 | |||
Charter - | 10 to 11 |
Rating | School | Distance |
---|---|---|
Stowe Elementary School PublicPK to 8 | ||
North-Grand High School Public9 to 12 | ||
Marine Leadership Academy - Ames Public7 to 12 | ||
YCCS-Assoc Hse El Cuarto Ano HS Charter10 to 11 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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