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$475,000
Favorite
12
beds
4
baths

1635 N Drake Avenue

Chicago, Illinois 60647
Closed / MLS #11202708 / Multiple Unit (2-4) / Humboldt Park
Listing information updated 1/10/2022 at 5:03pm
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!

Full Features

Exterior Type:
Frame
Basement:
Unfinished,Crawl,Exterior Access
Beds Above Grade:
12
Heating System:
Natural Gas, Forced Air
Pool:
No
Age:
100+ Years
Roof Type:
Asphalt
Parking Type:
Space/s
Parking Spaces:
4
Room Count:
20
Water Front:
No
Square Feet:
N/A
Lot Size:
Less Than .25 Acre
Acreage:
0.1

Taxes & Assessments

Tax Amount:
$8,616
Tax Year:
2019

Location

Zip Code:
60647
City:
Chicago
County:
Cook

Schools

School District(s):
299
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: Compass

Listing Office Phone: 773.466.7150

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 1/10/2022 at 5:03pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Humboldt Park, IL

The 207-acre Humboldt Park is one of Chicago’s greatest outdoor treasures. A prominent jewel in the city’s “Emerald Necklace,” a series of lush boulevards, and park spaces planned out for what was at one point the city’s western edge, the park is a bustling sanctuary filled with local flor...
$363,594
Average Sale Price
75
Average Days On The Market
97%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1635 N Drake Avenue, Chicago, IL 60647

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1635 N Drake Avenue is a multiple unit (2-4) which sold for $475,000. 1635 N Drake Avenue features 12 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties since September 10th, 2021 and was built in 1896.

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