Closed

$329,000

1546 Drake Avenue, Chicago, IL 60623
8 Beds3 Baths41 days
1546 Drake Avenue·Chicago, IL 60623
8Bedrooms
3Bathrooms
1903Year Built
About This Home

Welcome to 1546 Drake Ave, a fantastic turnkey investment opportunity in the heart of North Lawndale. This legal 3-unit multi-family Greystone has undergone recent updates, ensuring a hassle-free experience for both investors and tenants. The top floor unit offers a spacious layout, featuring three large bedrooms/ 1 bathroom, living/dining room, and eat-in kitchen that leads out to a spacious back deck. The first floor unit also has three bedrooms/ 1 bathroom with a separate living/dining room combination and kitchen complete with an island. Both Units 1 and 2 boast hardwood/vinyl floors, tall ceilings, and have been well maintained. The garden apartment provides a spacious layout with 2 nice sized bedrooms and 1 bathroom. All kitchens have been recently updated with new backsplash and cabinets, equipped with central heat, and tenants are responsible for their own utilities. Additional features include a large fenced in yard with and exterior parking pad and coin laundry in the basement, providing added convenience and income potential. Nearby Douglass Park, Cinespace Studios, Farm on Ogden, with easy access to 290 and Pink and Blue Line EL Stations this property enjoys a prime location with easy access to a range of amenities.

MLS# 11840612Listed June 30, 2023Residential IncomeGreystone
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms3
Total Rooms15

Size & Structure

Year Built1903
Lot Size0.070 acres

Location

CountyCook
TownshipWest Chicago
Zip Code60623

Financial

List Price$329,000
Annual Taxes (2022)$1,664
Monthly Tax Est.$139
Parcel #16232220340000
Interior Features

Heating

Natural GasForced Air

Basement

FinishedFull
Exterior & Lot

Construction

BrickStone

Patio & Porch

Deck
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

Alley AccessOn SiteOwned
HOA & Community

Community Features

CurbsSidewalksStreet LightsStreet Paved
Schools
Elementary
Dvorak Elementary School Special
District: 299
Middle School
Dvorak Elementary School Special
District: 299
High School
Farragut Career Academy Senior H
District: 299
Tax & Financial
Annual Taxes
$1,664
Tax Year 2022
Monthly Tax Est.
$139
per month
Property Location

1546 Drake Avenue, Chicago, IL 60623Cook County

$329,000
1546 Drake Avenue
8 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
41 days on market
0.070 acres
$1,664/yr taxes
$1,868
estimated monthly payment
Principal & Interest
$1,729/mo
Property Tax
$139/mo
$329,000
20% — $65,800
3%50%
6.875%
3%12%
Loan Amount
$263,200
Down Payment
$65,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Compass
Agent: Joseph Kotoch
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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