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2432 N Drake Avenue Chicago, IL 60647
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Key Details
Sold Price $785,890
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11870330
Sold Date 10/31/23
Bedrooms 8
Year Built 1910
Annual Tax Amount $10,626
Tax Year 2021
Lot Dimensions 3375
Property Description
Hot Logan Square Legal 3 Unit building with $76,800 in current rental income with room to add value and increase income! Partially finished basement previously used as a 4th non-conforming garden unit. Perfect for investors or owner-occupants-current leases thru 6/30/24 (units 1 and 2) and 7/31/24 (unit 3), however all leases have kick-out clauses. Many updates have been done in last few years, including new back porch (2018), new landscaping (2018), new kitchen appliances in all units (2018), in-unit washer/dryer hookups + new machines added to each unit (2020), central heat and air with new furnaces and new air conditioners for each unit (2019-2022), bathrooms remodeled in each unit (2020-2022), new roof (2022), new siding (2023). 2 car garage with a nice yard. Great location with easy access to train and entertainment, vintage details, modern updates, and hardwood floors make this an attractive and easy rental for tenants. walkscore rates it a "walker's paradise" with a Walk Score of 93 and a "biker's paradise" with a Bike Score of 95. Schedule your showing--this one won't last long. Multiple offers received--please submit highest and best offer by midnight 9/13.
Location
State IL
County Cook
Rooms
Basement Full
Interior
Heating Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
Fireplace N
Exterior
Garage Attached
Garage Spaces 2.0
Waterfront false
View Y/N true
Building
Foundation Block
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Brian Aurelio • @properties Christie's International Real Estate