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4830 N Drake Avenue

Chicago, IL 60625
  • $1,500,000
  • STATUS: Active
  • ON SITE: 51 Days
  • MLS #: 11238618
UPDATED: 30 min ago
$1,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1918
County:

School Ratings & Info

Description

This opportunity is located on Drake Ave in Albany Park. The property on Drake consists of (3) 3-bed / 1- bath units, (3) 3-bed / 2-bath units, and (1) 1- bed / 1-bath garden unit. The building has been renovated by the current owner, there are no major capital improvements that are needed. The units have huge layouts with large sunrooms adding to the already spacious living rooms. A new owner has the ability to purchase a stabilized seven unit building in a desirable neighborhood. Obtain proforma numbers by raising all rents to market rate.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-26T20:58:55.943 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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4830 N Drake Avenue Chicago, IL 60625

  • Price: $1,500,000
  • Status: Active
  • On Site: 51 Days
  • Updated: 30 min ago
  • MLS #: 11238618
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1918
Built
Neighborhood:
Chi - Albany Park
County:
Cook
Area:
Chi - Albany Park
Property Description
This opportunity is located on Drake Ave in Albany Park. The property on Drake consists of (3) 3-bed / 1- bath units, (3) 3-bed / 2-bath units, and (1) 1- bed / 1-bath garden unit. The building has been renovated by the current owner, there are no major capital improvements that are needed. The units have huge layouts with large sunrooms adding to the already spacious living rooms. A new owner has the ability to purchase a stabilized seven unit building in a desirable neighborhood. Obtain proforma numbers by raising all rents to market rate.
Exterior Features

Exterior Building Type Brick Parking Total 3 Roof Structure Flat

Interior Features

Cooling Window Unit(S) Heat Ventilation Forced Air Number Of Dishwashers 7 Number Of Ranges 7

Property Features

Additional Parcels YN No Approximate Age New Rehab Built Before1978 YN Yes Gross Income 120738 Gross Scheduled Income 125178 Insurance Expense 4682 Maintenance Expense 1050 Net Operating Income 81997 Operating Expense 37022 Tax Annual Amount 13876 Tax Year 2019 Tenant Pays ElectricityHeat Total Monthly Income 10431 Type Multi Family 5+ Zoning Multi

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Triton Realty Group Llc.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Littlefield Group | Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-26T20:58:55.943 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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