1219 Draper Street, Lincoln Park, Chicago, Illinois 60614
$850,000
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Sold
|
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| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1904 |
| Property Taxes: | $14,125 |
| Days On Market: | 2677 |
| Lot Size: | 0,00 |
Description
Looking for a profitable Airbnb building with a history of amazing income in a perfect Lincoln Park location at an unbelievable price? 1219 W. Draper is all of that and more! This all brick 2-flat WITH A non-conforming 3rd unit ($1450/month) has had gross rental income ranging from $100,000 - $136,000 per year over the past few years! 1st floor- 3 bedrooms, 1 bathroom. Full dining room, living room, kitchen and laundry in unit. 2nd floor- 3 bedrooms, den (used as fourth bedroom), 1 bathroom. Full dining room, living room, kitchen and laundry in unit. Both units vacant for Airbnb tenants. Garden- currently rented at $1625/month -2 bed, 1 bath- laundry in unit. Rented through 3/31/19. Rents have averaged anywhere from $8,352 - $11,353 per month depending on the year. Currently $8550/month ($100,235-$126,238/year). Unbelievable opportunity on a wonderful & quiet Lincoln Park street. Building & units are in excellent condition. Amazing CAP rate for this location. This one will not last
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1904 | |
| English | |
| — | |
| No | |
| — |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer, Sewer-Storm | |
| 10071983 | |
| 14293150650000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 27 Feb, 2019 | Sold | $850,000 | MRED MLS |
| 6 Dec, 2018 | Under contract | $879,900 | MRED MLS |
| — | Last price change | $899,000 | MRED MLS |
| 4 Sep, 2018 | Listed for sale | $899,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
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Dimensions: —
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Dimensions: —
Floor Type: —
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Floor Type: —
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: Finished
Other Specifics
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| 33X66 | |
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| — | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2019 | $14,125 |
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Listing Provided By
Coldwell Banker Residential
