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Listing Details

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Built
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School Ratings & Info

School District
299

Description

Jump start your real estate investing with this one-of-a-kind cash flowing property squarely placed in the path of gentrification. This legal 2-flat with basement in-law is currently used as an owner's unit and 2 Airbnb units, with $48,146 in booked earnings in 2021 as of Sept 1st. Based on Q4 2020 results, the property will finish 2021 with $56,705 in net income. The middle floor owner's unit contains 2 bedrooms, 1 bathroom, plus a bonus home office. The spacious backyard and 2 car garage with front and rear rollup doors is exclusively reserved for use of the owner. Both Airbnb units offer 2 bedrooms, 1 bathroom, and the upstairs unit features a balcony. The property is nestled on a one-way, tree-lined street across the street from Avondale Neighborhood Park, which includes a pool and a playground, and is just 0.3 miles from the Belmont Blue line subway station.

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© 2021 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 The Dena Furlow Team - Keller Williams Realty. Based on information submitted to the MRED as of 2021-09-19T22:00:05.767 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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3258 N Drake Avenue Chicago, IL 60618

  • Price: $525,000
  • Status: Active
  • Updated: 33 min ago
  • MLS #: 11206840
6
Beds
0
Baths
0
½ Baths
0.07
Acres
1900
Built
Neighborhood:
Chi - Avondale
County:
Cook
Area:
Chi - Avondale
School District:
299
Property Description
Jump start your real estate investing with this one-of-a-kind cash flowing property squarely placed in the path of gentrification. This legal 2-flat with basement in-law is currently used as an owner's unit and 2 Airbnb units, with $48,146 in booked earnings in 2021 as of Sept 1st. Based on Q4 2020 results, the property will finish 2021 with $56,705 in net income. The middle floor owner's unit contains 2 bedrooms, 1 bathroom, plus a bonus home office. The spacious backyard and 2 car garage with front and rear rollup doors is exclusively reserved for use of the owner. Both Airbnb units offer 2 bedrooms, 1 bathroom, and the upstairs unit features a balcony. The property is nestled on a one-way, tree-lined street across the street from Avondale Neighborhood Park, which includes a pool and a playground, and is just 0.3 miles from the Belmont Blue line subway station.
Exterior Features

Exterior Building Type Vinyl Siding Exterior Features BalconyPatioOutdoor GrillFire Pit Foundation Details Concrete Perimeter Garage Details Garage Door Opener(S) Garage Onsite Yes Garage Ownersite Owned Garage Type Detached Is Parking Included In Price Yes Lot Size Less Than .25 Acre Multi Family Type 2 Flat Parking Garage Roof Asphalt Waterfront YN No

Interior Features

Basement Finished Basement Details Full Bedrooms Below Grade 0 Bedrooms Total 6 Full Baths In Building 3 Half Baths In Building 0 Heating Natural Gas Rooms Total 19

Property Features

Age 100+ Years Built Before1978 YN Yes Corporate Limits Chicago General Information Commuter BusCommuter TrainInterstate Access Gross Income 56480 New Construction YN No Ownership Fee Simple Rebuilt YN No Rehab Year 2020 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 5283.42 Tax Year 2020 Total Numberof Unitsin Building 3 Total Rental Income 56480 Township Jefferson Type Two To Four Units Water Source Public

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Redco, Inc..


© 2021 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 The Dena Furlow Team - Keller Williams Realty. Based on information submitted to the MRED as of 2021-09-19T22:00:05.767 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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