1628 Drake Avenue, Humboldt Park, Chicago, Illinois 60647
$660,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1901 |
| Property Taxes: | $7,562 |
| Days On Market: | 1463 |
| Lot Size: | 0,10 |
Description
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1901 | |
| Full | |
| — | |
| No | |
| 0.1 |
| Cook | |
| — | |
| — / — | |
| — | |
| Public | |
| Public Sewer | |
| 11290373 | |
| 13354180190000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 3 Feb, 2022 | Sold | $660,000 | MRED MLS |
| 22 Dec, 2021 | Under contract | $675,000 | MRED MLS |
| 15 Dec, 2021 | Listed for sale | $675,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
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Floor Type: —
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Floor Type: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: Unfinished
Other Specifics
| — | |
| — | |
| — | |
| — | |
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| 25 X 175 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2022 | $7,562 |
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