1515 S Drake Avenue, Chicago, IL, 60623

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$800,000
3 Days On Site

1515 S Drake Avenue
Chicago, IL 60623

For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1915
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Compass
Call Now: 877 582 4399
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877 582 4399
1515 S Drake Avenue1515 S Drake Avenue1515 S Drake Avenue1515 S Drake Avenue
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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.

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Listing Snapshot
Price 
$800,000
Days On Site 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1915
MLS® Number 
12342051
Status 
Active
Property Tax 
$3,598.9
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 hours agoListing updated with changes from the MLS®
9 hours agoStatus changed to Active
3 days agoListing first seen on site
General Features
Number Of Stories 
3
Property Sub Type 
Multi Family
Utilities 
Sewer ConnectedWater AvailableOther
Zoning 
MULTI
Interior Features
Basement 
Finished
Cooling 
Central Air
Electric 
Circuit Breakers
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Exterior Features
Construction Details 
Brick
Community Features
MLS Area 
CHI - North Lawndale
Township 
West Chicago
Listing Courtesy of MRED as distributed by MLS Grid of Compass



Based on information submitted to the MLS GRID as of 2025-04-22 12:55 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-04-22 12:55 AM UTC
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Neighborhood & Commute
Source: Walkscore
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