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3006 S Drake Avenue

Chicago, IL 60623
  • $397,500
  • STATUS: Active Under Contract
  • ON SITE: 161 Days
  • MLS #: 12088391
Under Contract
$397,500
  • 5
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1903
County:
Area:

School Ratings & Info

School District:
299

Description

Welcome to 3006 S. Drake Avenue, a meticulously maintained legal 2-Flat located in the heart of the vibrant Little Village neighborhood of Chicago. Updated from nearly top to bottom, this property offers an excellent opportunity for an investor to come into a turnkey, fully leased scenario with little to do. The top unit is a duplex which spans two levels and features 3 bedrooms and 2 bathrooms, boasting a complete renovation in 2018 with all new windows, kitchen, bathrooms, appliances and flooring. The lower unit, fully rehabbed in 2022, includes 2 bedrooms, 1 bathroom, and all new windows, kitchen, bathroom, appliances, and HVAC. Both units enjoy separate HVAC systems, water heaters, washer/dryers, ranges, refrigerators, and microwaves, ensuring maximum comfort and convenience for all residents. Completing this fantastic property is a beautifully landscaped yard perfect for relaxation and gatherings, along with a two-car garage accessible via the alley. Other recent upgrades include a new roof in 2023 and new electrical panels for both units. All utilities are separately metered, owner only pays for water / city trash service. Nestled in a culturally rich area known for its diversity and friendly community, this property is conveniently located off the Steven Expressway and between Cicero Avenue and Western Avenue, providing easy access to all parts of the city. The Little Village neighborhood is renowned for its vibrant atmosphere, with an array of local shops, eateries, and cultural events that make it a bustling and welcoming community. Don't miss this exceptional opportunity to own a piece of Little Village's charm and culture. Book a showing today!

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© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-03T23:59:48.443 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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3006 S Drake Avenue Chicago, IL 60623

  • Price: $397,500
  • Status: Active Under Contract
  • On Site: 161 Days
  • MLS #: 12088391
5
Beds
0
Baths
0
½ Baths
N/A
Acres
1903
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
School District:
299
Property Description
Welcome to 3006 S. Drake Avenue, a meticulously maintained legal 2-Flat located in the heart of the vibrant Little Village neighborhood of Chicago. Updated from nearly top to bottom, this property offers an excellent opportunity for an investor to come into a turnkey, fully leased scenario with little to do. The top unit is a duplex which spans two levels and features 3 bedrooms and 2 bathrooms, boasting a complete renovation in 2018 with all new windows, kitchen, bathrooms, appliances and flooring. The lower unit, fully rehabbed in 2022, includes 2 bedrooms, 1 bathroom, and all new windows, kitchen, bathroom, appliances, and HVAC. Both units enjoy separate HVAC systems, water heaters, washer/dryers, ranges, refrigerators, and microwaves, ensuring maximum comfort and convenience for all residents. Completing this fantastic property is a beautifully landscaped yard perfect for relaxation and gatherings, along with a two-car garage accessible via the alley. Other recent upgrades include a new roof in 2023 and new electrical panels for both units. All utilities are separately metered, owner only pays for water / city trash service. Nestled in a culturally rich area known for its diversity and friendly community, this property is conveniently located off the Steven Expressway and between Cicero Avenue and Western Avenue, providing easy access to all parts of the city. The Little Village neighborhood is renowned for its vibrant atmosphere, with an array of local shops, eateries, and cultural events that make it a bustling and welcoming community. Don't miss this exceptional opportunity to own a piece of Little Village's charm and culture. Book a showing today!
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Garage Details Garage Door Opener(s) Garage Onsite Yes Garage Type Detached Lot Size Less Than .25 Acre Multi Family Type 2 Flat Parking Details Garage Parking Total 2 Roof Asphalt Waterfront YN No

Interior Features

Basement None Basement Bathrooms YN No Basement Details None Bedrooms Below Grade 0 Bedrooms Total 5 Full Baths In Building 3 Half Baths In Building 0 Heating Natural GasForced Air Rooms Total 9

Property Features

Age 100+ Years Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Corporate Limits Chicago General Information None Gross Income 40200 Insurance Expense 2200 Mls Actual Status Contingent Net Operating Income 32996 New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2022 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 3204 Tax Year 2022 Total Numberof Unitsin Building 2 Total Rental Income 40200 Township Lake Type Two to Four Units Water Source Lake MichiganPublic

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Fitzgerald Real Estate Inc.: 773-779-6085.


© 2024 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 Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-12-03T23:59:48.443 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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