IL
Cook
Chicago
60623
1515 S Drake Avenue
1515 S Drake Avenue, Chicago, IL 60623
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Listing Type
Commercial/Industrial
Listing Status
active
19
$800,000
Home Details for 1515 S Drake Avenue
Price
$800,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1915
County
Cook
Garage
Basement
Finished
Days on site
61
MLS Listing#
12427819
Property Description
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.
Property Features
Utilities
- Sewer Connected
- Water Available
- Other
Cooling Information
- Central Air
Basement
- Finished
Listing Courtesy: Compass - 773-466-7150
Based on information submitted to the MLS GRID as of 2025-09-03 20:54:36. 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 Updated: 2025-09-03 20:54:36
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Midwest Real Estate Data.
EXIT INFINITY REALTY
1621 W. Walnut St #100, Chicago, IL 60612Office
312 834 4383
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