2621 N Drake Avenue, Chicago, Illinois 60647
- $722,000
- 6
- BD
- 4
- BA
- Sold Price
- $722,000
- List Price
- $699,900
- Closing Date
- Apr 02, 2024
- MLS#
- 11964243
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 6
- Bathrooms
- 4
- Gross Rental Income
- $4,950
- County
- Cook
- City
- Chicago
- Neighborhood
- Logan Square
- Days On Market
- 5
Property Description
Massive 2-flat on one of Logan Square's premier streets: beautiful tree-lined Drake! This home features two jumbo extra-long units each featuring three bedrooms and TWO full bathrooms - a rarity in Chicago! Another rarity: separate heating and cooling (central air!), plus in-unit laundry in both units. Tenants pay their own electric and gas, so minimal added cost to a landlord. Hardwood floors in living/dining/kitchen space in unit #1 and unit #2, plus newer carpet in all bedrooms. Very large and tall unfinished attic space with tons of potential for the right buyer to expand and create a beautiful duplex up. This home is perfect spot for a live-in owner to purchase a multi-unit home with income to offset the mortgage - and still get the ever-elusive two bathrooms before doing any work! Ideal open floor plans in both units, and two bathrooms have been updated (unit #1). Detached two car garage and yard space. Incredible location just a quick two block walk to cafes and restaurants on Fullerton, such as Park & Field, Dorothy's Bistro, Pan Artesanal and more! Three blocks east and you're at Longman & Eagle, Lula Cafe, Reno, and other Logan Square classics - plus the top-notch Logan Square Farmer's Market - right in the heart of the neighborhood. A really incredible building with rare features that is ready for your ideas. 25x125 lot, RS-3 zoning. Both units currently rented, unit #1 through 1/31/25, unit #2 through 5/31/24. Specific weekly showing windows to accommodate multiple tenant schedules.
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Additional Information
- School District
- 299
- Elementary School
- Monroe Elementary School
- Middle School
- Monroe Elementary School
- High School
- Kelvyn Park High School
- Corporate Limits
- Chicago
- Tax Year
- 2022
- Tax Amount
- $12,383
- Year Built
- 1899
- Lot Dimensions
- 25 X 125
- Lot Size Range
- Standard Chicago Lot
- Units
- 2
- Garage Spaces
- 2
- Parking Spaces
- 2
- Parking Details
- Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Heating
- Natural Gas, Forced Air
- Sewer
- Public Sewer
- Total Rental Income
- $4,950
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