Closed

$725,000

1938 DRAKE Avenue, Chicago, IL 60647
5 Beds4 Baths18 days
1938 DRAKE Avenue·Chicago, IL 60647
5Bedrooms
4Bathrooms
1886Year Built
About This Home

Recently remodeled frame 2-flat on an extra long lot in a great Logan Square location. This versatile property has two extra finished spaces which allow for amazing cash flow opportunities. 1st and 2nd floors are 3 bedroom, 2 bathroom apartments. Great room sizes and layouts make these very appealing to renters. Apartments feature newer kitchens with stainless steel appliances, attractive bathrooms, and each have a washer/dryer. The basement is an in-law apartment with 2 bedrooms and 1 bathroom. The attic is an amazing extra space; with 1 bedroom and 1 bathroom it could be an amazing duplex opportunity, or a future income apartment. The building has had Mechanical, Electrical and Plumbing updates. 25 x 177 lot is 50+ feet longer than an average Chicago lot. This makes for a huge yard and a ton of parking options. Current configuration is a long parking pad for 4 cars, but this could be great for a large garage or a future ADU. Great location just off of Armitage Ave. Walk to the 606, and many restaurants and bars along Armitage in Logan Square.

MLS# 12278472Listed February 11, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms4
Total Rooms10

Size & Structure

Year Built1886
Lot Size25 X 177

Location

CountyCook
TownshipJefferson
Zip Code60647

Financial

List Price$725,000
Annual Taxes (2023)$6,498
Monthly Tax Est.$542
Parcel #13354000220000
Interior Features

Heating

Natural GasForced Air

Basement

FinishedFull
Exterior & Lot

Construction

Vinyl Siding

Roof

Asphalt
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

On Site
Schools
Elementary
Funston Elementary School
District: 299
Tax & Financial
Annual Taxes
$6,498
Tax Year 2023
Monthly Tax Est.
$542
per month
Property Location

1938 DRAKE Avenue, Chicago, IL 60647Cook County

$725,000
1938 DRAKE Avenue
5 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
18 days on market
25 X 177
$6,498/yr taxes
$4,352
estimated monthly payment
Principal & Interest
$3,810/mo
Property Tax
$542/mo
$725,000
20% — $145,000
3%50%
6.875%
3%12%
Loan Amount
$580,000
Down Payment
$145,000

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

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

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