Single Family for Sale: 1051 N DRAKE, CHICAGO, 60651 SOLD
4 beds
2 full, 1 half baths
2,000 sqft
$230,000
$230,000
1051 N DRAKE,
CHICAGO, 60651 SOLD
4 beds
2 full, 1 half baths
2,000 sqft
$230,000
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Selling Price: $230,000
Original List Price: $230,000
Sold at 100.0% of list price
Sold Date: 11/14/2018
Type Single Family
Style Cape Cod
Beds 4
Total Baths 2 full, 1 half baths
Square Feet 2,000 sqft
Year Built 1912
City CHICAGO
County Cook
School District 299
MLS 09848306
Attention INVESTORS!!!: Cap rate=10.43%. Take your money out of the stock or crypto market before both crash and put it in a solid, income producing investment for years to come. The $2,000 monthly rent is paid almost entirely by the Chicago Housing Authority (CHA) and the lease goes until 03/31/2020. Much better than that money market account that pays you 0.00001%. Property has been inspected several times by the CHA and their quality control department. All type of repairs have been made to this 6 bedrooms- 2.5 bathrooms huge home with 3 stories of living space. New roof, new furnace, boiler room, new carpet, paint, etc. Check the map for location just 5 blocks west from Kedzie and the park where there are several new construction homes. Enjoy the cash flow for a few years, then cash out selling it for top dollar few years from now. 4 lines of buses take you anywhere: Grand, Chicago, Division and Homan/Kimball lines. Pictures with metal in windows were taken before tenant moved in.
Room Features
Basement Description Finished
Lot & Building Features
Architecture Cape Cod
Parking Description Garage
Tax Year 2016
Lot Dimensions 30X125 ft
Price History of 1051 DRAKE, CHICAGO,
Date | Name | Price | Difference |
---|---|---|---|
12/31/1969 | Listing Price | $230,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Direct: 708-670-6774
Office
Listed by 24 Hour Real Estate LLC, German Llanos
Sold by Tapia Realty, Inc., Chanena Tapia
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: 24 Hour Real Estate LLC |