1233 W Draper Street
Chicago, IL 60614

Status: Active
Multi Family
4 beds
0 baths
0 sq.ft
Listing Price: $930,000

About this home

Incredible opportunity in prime Lincoln Park Neighborhood and Oscar Mayer school district! Building sits on a double lot that is an excellent candidate for redevelopment. Curb cut is allowed! Build a new building on the side lot and keep the existing building, expand on the existing building and convert to a single family, or tear down existing building and build your dream home. Draper Street has multiple newer construction homes and the street is a cul de sac with no alley, making it ideal for families. The existing building is a 2 unit, both units being 2 bedrooms and 1 bath. Rents are below market. Both leases expire this year. Apartments have individual furnaces and both furnaces are new. Owner has also replaced both water heaters. Bring your ideas, last double lot on the street sold for more than ask.

Property details

Interior Features
Additional Rooms Utility Room-Lower Level
Basement Description Partially Finished
Basement Full
Bedrooms Count 4
Bedrooms Possible 4
Baths Count 2
Full Baths in Building Count 2
Total Rooms 8
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 2000
Appliances And Features Stove, Refrigerator, Dishwasher, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 4
Security Deposit 2000
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 2000
Appliances And Features Stove, Refrigerator, Dishwasher, Window Air Conditioner
Full Baths Total 1
Lease Expiration Date 05/24
Rooms Total 4
Security Deposit 2000
Tenant Pays Electric, Gas, Heat
Floor Number 2
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age Unknown
3 Bedroom Unit in Building No
Exterior Building Type Vinyl Siding, Frame
Foundation Brick/Mortar, Concrete Perimeter
Parking None
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Lincoln Park
Zoning Type MULTI
Corporate Limits Chicago
Directions Racine to Draper then west to 1233
Equipment TV-Cable, CO Detectors
Green Supporting Documents N
Elementary School Oscar Mayer Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle School Oscar Mayer Elementary School
Jr High/Middle Dist 299
Township Lake View
Property / Lot Details
Lot Dimensions 50X60
Lot Description Cul-De-Sac
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

ElectricExpense 600
Electric Expense Source Broker Projection
Gross Rental Income $48,000
Insurance Expense $2,000
Insurance Expense Source Broker Projection
Net Oper Income $33,876
Rental Income 48000
Scavenger Expense $1,000
Investment Profile Residential Income
Water Expense $1,200

Tax/Assessments/Liens

PIN 14293150600000
Special Assessments N
Taxes $9,324
Tax Exemptions None
Tax Year 2021
$930,000 Listing Price:
MLS # 11996375
Investment Profile Residential Income
Listing Market Time 55 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking None
List Date 03/05/2024
Year Built
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