2741 N Drake Avenue
Chicago, IL 60647

Status: Sold
Multi Family
10 beds
0 baths
0 sq.ft
Listing Price: $1,375,000
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About this home

Great investment opportunity to own a fully upgraded, 3-flat brick building in Avondale. Rehab in 2014. First floor duplex has 4 bedrooms, 3 baths, spacious family room with wet bar, and office. Units 2 and 3 have 3 bedrooms and 2 baths. Each apartment features hardwood floors, granite counters, stainless steel appliances, many closets, and in-unit laundry. 3 storage rooms in the basement. 4 car parking pad.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 91-100 Years
3 Bedroom Unit in Building Yes
Approx Year Built 1924
Parking Total 4
Exterior Building Type Brick
Parking Features Assigned
Garage On-Site Yes
Parking Space/s
Rehab Year 2014
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Sidewalks, Street Lights
Area Major CHI - Logan Square
Zoning Type MULTI
Corporate Limits Chicago
Directions NORTH ON MILWAUKEE TO DIVERSEY, WEST TO DRAKE, SOUTH ON DRAKE TO 2741.
Elementary School Monroe Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Kelvyn Park High School
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle School Monroe Elementary School
Jr High/Middle Dist 299
Township North Chicago
Interior Features
Basement Description Finished
Basement Bathrooms No
Basement Full
Bedrooms Count 10
Bedrooms Possible 10
Baths Count 7
Full Baths in Building Count 7
Total Rooms 16
Units
unit 1
Beds Total 4
Baths Total 3
Actual Rent 3700
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave
Full Baths Total 3
Lease Expiration Date 7/24
Rooms Total 6
Security Deposit 3700
Tenant Pays Electric,Gas
Floor Number 1
unit 2
Beds Total 3
Baths Total 2
Actual Rent 2800
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave
Full Baths Total 2
Lease Expiration Date 6/24
Rooms Total 5
Security Deposit 2800
Tenant Pays Electric,Gas
Floor Number 2
unit 3
Beds Total 3
Baths Total 2
Actual Rent 2600
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave
Full Baths Total 2
Lease Expiration Date 7/24
Rooms Total 5
Security Deposit 2600
Tenant Pays Electric,Gas
Floor Number 3
Property / Lot Details
Deconversion N
Lot Dimensions 25 X 125
Lot Description Sidewalks, Streetlights
Lot Size Source County Records
Lot Size Standard Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

ElectricExpense 1200
Electric Expense Source Owner Projection
Financing Conventional
Fuel Expense $1,200
Insurance Expense $2,364
MaintenanceExpense 1200
Rental Income 109200
Investment Profile Residential Income
Water Expense $4,800

Tax/Assessments/Liens

PIN 13264010110000
Special Assessments N
Taxes $13,646
Tax Year 2022
$1,375,000 Listing Price:
MLS # 11985479
Investment Profile Residential Income
Listing Market Time 69 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Space/s
List Date 02/21/2024
Year Built 1924
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