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1546 S Drake Avenue Chicago, IL 60623
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Key Details
Sold Price $315,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11840612
Sold Date 11/08/23
Style Greystone
Bedrooms 8
Year Built 1903
Annual Tax Amount $1,664
Tax Year 2022
Lot Size 3,049 Sqft
Lot Dimensions 25 X 125
Property Description
Welcome to 1546 Drake Ave, a fantastic turnkey investment opportunity in the heart of North Lawndale. This legal 3-unit multi-family Greystone has undergone recent updates, ensuring a hassle-free experience for both investors and tenants. The top floor unit offers a spacious layout, featuring three large bedrooms/ 1 bathroom, living/dining room, and eat-in kitchen that leads out to a spacious back deck. The first floor unit also has three bedrooms/ 1 bathroom with a separate living/dining room combination and kitchen complete with an island. Both Units 1 and 2 boast hardwood/vinyl floors, tall ceilings, and have been well maintained. The garden apartment provides a spacious layout with 2 nice sized bedrooms and 1 bathroom. All kitchens have been recently updated with new backsplash and cabinets, equipped with central heat, and tenants are responsible for their own utilities. Additional features include a large fenced in yard with and exterior parking pad and coin laundry in the basement, providing added convenience and income potential. Nearby Douglass Park, Cinespace Studios, Farm on Ogden, with easy access to 290 and Pink and Blue Line EL Stations this property enjoys a prime location with easy access to a range of amenities.
Location
State IL
County Cook
Community Curbs, Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Exterior Feature Deck
Waterfront false
View Y/N true
Parking Type Alley Access
Building
Sewer Public Sewer
Water Lake Michigan, Public
New Construction false
Schools
Elementary Schools Dvorak Elementary School Special
Middle Schools Dvorak Elementary School Special
High Schools Farragut Career Academy Senior H
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Chris Vasilakopoulos • Dream Town Real Estate