1515 S Drake Avenue, Chicago, IL 60623
Commercial Property 
Built in 1915 
—— sqft lot 
—— car garage 
$——/sqft 
Listed 2 days ago
Property Description
Legal 6-Unit | Fully Rehabbed | 10+ Cap Rate Incredible cash-flowing 6-unit building in North Lawndale, fully gut rehabbed and professionally managed. All units feature in-unit washer/dryer, hardwood floors throughout, and brand new kitchens and bathrooms. Current unit mix: (1) 4 bed / 2 bath, (1) 3 bed / 2 bath, (3) 2 bed / 1 bath, (1) 1 bed / 1 bath. scheduled rent: 113,268 annually. Estimated expenses at 25. Cap rate over 10 with stable tenants already in place. Located minutes from the 7B 1901 Project and near Douglass Park, Cinespace Studios, and Mt. Sinai Hospital. Ideal long-term hold with strong appreciation potential.
- Listing Status:
- Active
- Listing Office:
- Compass : 773-466-7150
- Listing Agent:
- Benyamin Lalez : 773-466-7150
- MLS ID:
- 12427819
- Basement: Finished
- A/C: Central Air
This listing courtesy of Benyamin Lalez, Compass
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Dvorak Technology Academy
3615 W 16th St, Chicago, IL, 60623
Grades KG-8
0.17 miles away
Dvorak Technology Academy
3615 W 16th St, Chicago, IL, 60623
Grades KG-8
0.17 miles away
North Lawndale Preparatory Charter - Christiana
1615 S Christiana Ave, Chicago, IL, 60623
Grades 9-12
0.28 miles away
