1515 S Drake Avenue Chicago, IL 60623
Other
MLS #: 12427819
Courtesy Of Compass Real Estate
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 6
- Cooling System: Central Air
- MLSID: 12427819
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