1051 Drake Avenue, Humboldt Park, Chicago, Illinois 60651
$230,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 2,000 |
| Cost/Sqft: | $115 |
| Beds: | 4 |
| Baths: | 3 |
| Year Built: | 1912 |
| Property Taxes: | $2,505 |
| Days On Market: | 2798 |
| Lot Size: | 0,00 |
Description
Attention INVESTORS!!!: Cap rate=10.43%. Take your money out of the stock or crypto market before both crash and put it in a solid, income producing investment for years to come. The $2,000 monthly rent is paid almost entirely by the Chicago Housing Authority (CHA) and the lease goes until 03/31/2020. Much better than that money market account that pays you 0.00001%. Property has been inspected several times by the CHA and their quality control department. All type of repairs have been made to this 6 bedrooms- 2.5 bathrooms huge home with 3 stories of living space. New roof, new furnace, boiler room, new carpet, paint, etc. Check the map for location just 5 blocks west from Kedzie and the park where there are several new construction homes. Enjoy the cash flow for a few years, then cash out selling it for top dollar few years from now. 4 lines of buses take you anywhere: Grand, Chicago, Division and Homan/Kimball lines. Pictures with metal in windows were taken before tenant moved in.
Property Specifics
| Single Family | |
| — | |
| Cape Cod | |
| 1912 | |
| Full | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| 0 / Not Applicable | |
| None | |
| Lake Michigan | |
| Public Sewer | |
| 09848306 | |
| 16024050030000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 14 Nov, 2018 | Sold | $230,000 | MRED MLS |
| 28 Aug, 2018 | Under contract | $230,000 | MRED MLS |
| 3 Feb, 2018 | Listed for sale | $230,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 4
Bedrooms Below Ground: 2
Dimensions: —
Floor Type: Carpet
Dimensions: —
Floor Type: Carpet
Dimensions: —
Floor Type: Carpet
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 1
Rooms: Recreation Room,Bedroom 5,Bedroom 6
Basement Description: Finished
Other Specifics
| 2 | |
| — | |
| — | |
| Porch | |
| — | |
| 30X125 | |
| — | |
| None | |
| In-Law Arrangement | |
| Range, Microwave, Dishwasher, Refrigerator | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2018 | $2,505 |
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Listing Provided By
24 Hour Real Estate LLC
