Remodeled Avondale 3 unit - 3046 N Drake, Chicago


Listing Broker's property remarks:
TURN-KEY INVESTMENT!!! REMODELED, LEGAL 3 UNIT WITH A DUPLEX UP! GREAT LOCATION! PERFECT FOR AN INVESTOR OR OWNER LIVE IN. SUPER SPACIOUS AND BRIGHT DUPLEX WITH 3 FULL BATHROOMS AND 3 BEDROOMS, TOP OF THE LINE FINISHES. OTHER TWO UNITS FEATURE 2 BEDROOMS AND ONE FULL BATH, EACH. ALL NEW STAINLESS STEEL APPLIANCES. ALL UNITS FEATURE SEPARATE HVAC SYSTEMS, CENTRAL AIR. LAUNDRY IN EACH UNIT. ALL NEW WINDOWS, NEW ROOF, NEW TUCKPOINTING. NEWLY BUILT GARAGE, NEW STEEL BACK PORCH. SO MANY UPGRADES THAT IT'S HARD TO LIST. VERY SOLID BRICK BUILDING AND ALSO A VERY RARE FIND IN AVONDALE.

Brent Hall +client service notes:
Assuming the rental income of approx $67K annually is actual or at least achievable, this nicely remodeled 3 flat should provide an 8% cash on cash return (assumes 25% down, 4.25% interest rate and 30% expense ratio). This neighborhood is benefiting from the recent resurgence of Logan Square. 

$699,000

3046 N. Drake Ave, Chicago, IL 60618

sale price $655,000

sale price $655,000

Type:  Multifamily 3 unit
Lot Size:  25' x 125'
Assessments:  n/a
Taxes:  $6,113.37
County:  Cook
Unit 1: 4 rooms |  2 beds |  1 bath
Unit 2: 5 rooms |  2 beds | 1 bath
Unit 3: 6 rooms | 3 beds | 3 bath
Neighborhood: Avondale


Contact Brent Hall to discuss buying and selling real estate in Chicago. Direct 312-725-6171.


Listing Courtesy of Redco, Inc.
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