Sold for $660,000 on 2/03/22
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 8 |
— |
1901 |
— |
0 |
$7,562 |
1246 days |
Excellent opportunity to own a recently rehabbed 3-unit less than 2 blocks from the 606 in Logan Square. 1628 N Drake features three large apartments, including two three-bed one-bathroom units and one two-bedroom one-and-a-half-bathroom unit, each with excellent large living spaces and kitchens. 1628 N Drake features new kitchens and baths, furnaces, copper plumbing, tankless water heaters, in-unit laundry, stainless steel appliances, and new windows. Gated parking pad in the back allows for 3+ cars. Excellent opportunity for an owner occupant or investor. Separate utilities. Tenants pay for heat and electric. 1628 N Drake provides a turnkey property with strong cash-flows on day 1. In place GRM of 10.93 and 6.65% Cap Rate with significant upside potential due to below market rents.
Listing courtesy of Chicago Real Estate Resources
1628 N Drake Ave. is a multi-unit home built in 1901, and is located in Chicago, IL, in the Humboldt Park neighborhood. It has 8 bedrooms and — bathrooms, and has annual property taxes of $7,562.
Marco Amidei
(888) 32-Marco (847) 630-4886
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