2621 N Drake Avenue
Chicago, IL 60647

Status: Sold
Multi Family
6 beds
0 baths
0 sq.ft
Listing Price: $699,900

About this home

Massive 2-flat on one of Logan Square's premier streets: beautiful tree-lined Drake! This home features two jumbo extra-long units each featuring three bedrooms and TWO full bathrooms - a rarity in Chicago! Another rarity: separate heating and cooling (central air!), plus in-unit laundry in both units. Tenants pay their own electric and gas, so minimal added cost to a landlord. Hardwood floors in living/dining/kitchen space in unit #1 and unit #2, plus newer carpet in all bedrooms. Very large and tall unfinished attic space with tons of potential for the right buyer to expand and create a beautiful duplex up. This home is perfect spot for a live-in owner to purchase a multi-unit home with income to offset the mortgage - and still get the ever-elusive two bathrooms before doing any work! Ideal open floor plans in both units, and two bathrooms have been updated (unit #1). Detached two car garage and yard space. Incredible location just a quick two block walk to cafes and restaurants on Fullerton, such as Park & Field, Dorothy's Bistro, Pan Artesanal and more! Three blocks east and you're at Longman & Eagle, Lula Cafe, Reno, and other Logan Square classics - plus the top-notch Logan Square Farmer's Market - right in the heart of the neighborhood. A really incredible building with rare features that is ready for your ideas. 25x125 lot, RS-3 zoning. Both units currently rented, unit #1 through 1/31/25, unit #2 through 5/31/24. Specific weekly showing windows to accommodate multiple tenant schedules.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1899
Parking Total 2
Exterior Building Type Vinyl Siding, Frame
Exterior Property Features Deck, Storms/Screens
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2002
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Logan Square
Zoning Type MULTI
Corporate Limits Chicago
Directions Logan Blvd (W) to Wrightwood continue (W) to Saint Louis turn right. Left on Schubert. Left on Drake. Or Diversey to Drake. Drake is one way south.
Elementary School Monroe Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Kelvyn Park High School
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan, Public
Jr High/Middle School Monroe Elementary School
Jr High/Middle Dist 299
Township Jefferson
Interior Features
Basement Description None
Basement Bathrooms No
Basement None
Bedrooms Count 6
Bedrooms Possible 6
Baths Count 4
Full Baths in Building Count 4
Total Rooms 10
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 2550
Appliances And Features Stove, Refrigerator, Washer, Dryer, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors
Full Baths Total 2
Lease Expiration Date 01/25
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 2
Actual Rent 2400
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors
Full Baths Total 2
Lease Expiration Date 05/24
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Deconversion N
Lot Dimensions 25 X 125
Lot Description Fenced Yard
Lot Size Source County Records
Lot Size Standard Chicago Lot
Ownership Fee Simple
Style of House Victorian
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing Conventional
Rental Income 4950
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 13264100140000
Special Assessments N
Taxes $12,383
Tax Exemptions None
Tax Year 2022
$699,900 Listing Price:
MLS # 11964243
Investment Profile Residential Income
Listing Market Time 50 days
Basement None
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 02/12/2024
Year Built 1899
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