Closed

$800,000

2432 Drake Avenue, Chicago, IL 60647
8 Beds3 Baths16 days
2432 Drake Avenue·Chicago, IL 60647
8Bedrooms
3Bathrooms
1910Year Built
About This Home

Hot Logan Square Legal 3 Unit building with $76,800 in current rental income with room to add value and increase income! Partially finished basement previously used as a 4th non-conforming garden unit. Perfect for investors or owner-occupants-current leases thru 6/30/24 (units 1 and 2) and 7/31/24 (unit 3), however all leases have kick-out clauses. Many updates have been done in last few years, including new back porch (2018), new landscaping (2018), new kitchen appliances in all units (2018), in-unit washer/dryer hookups + new machines added to each unit (2020), central heat and air with new furnaces and new air conditioners for each unit (2019-2022), bathrooms remodeled in each unit (2020-2022), new roof (2022), new siding (2023). 2 car garage with a nice yard. Great location with easy access to train and entertainment, vintage details, modern updates, and hardwood floors make this an attractive and easy rental for tenants. walkscore rates it a "walker's paradise" with a Walk Score of 93 and a "biker's paradise" with a Bike Score of 95. Schedule your showing--this one won't last long. Multiple offers received--please submit highest and best offer by midnight 9/13.

MLS# 11870330Listed September 7, 2023Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms3
Total Rooms19

Size & Structure

Garage Spaces2
Year Built1910
Lot Size3375

Location

CountyCook
TownshipJefferson
Zip Code60647

Financial

List Price$800,000
Annual Taxes (2021)$10,627
Monthly Tax Est.$886
Parcel #13264230250000
Interior Features

Heating

Natural GasForced AirSep Heating Systems - 2+Indv Controls

Basement

Partially FinishedFull
Exterior & Lot

Construction

Vinyl Siding

Foundation

Block
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

Garage Door OpenerOn SiteGarage OwnedAttachedGarage
Tax & Financial
Annual Taxes
$10,627
Tax Year 2021
Monthly Tax Est.
$886
per month
Property Location

2432 Drake Avenue, Chicago, IL 60647Cook County

$800,000
2432 Drake Avenue
8 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
16 days on market
2-car garage
3375
$10,627/yr taxes
$5,090
estimated monthly payment
Principal & Interest
$4,204/mo
Property Tax
$886/mo
$800,000
20% — $160,000
3%50%
6.875%
3%12%
Loan Amount
$640,000
Down Payment
$160,000

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

Listed by
ChiReal LLC
Agent: Alan Beron
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