ADDRESS
Suite C-1
55 East Erie St
Chicago, IL 60611
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$800,000
40 Days On Site
1515 S Drake AvenueChicago, IL 60623
For Sale|Multi Family|Active
0
Beds
0
Total Baths
1915
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of Compass
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Legal 6-Unit | Fully Rehabbed | 10+ Cap Rate Incredible cash-flowing 6-unit building in North Lawndale, fully gut rehabbed and professionally managed. All units feature in-unit washer/dryer, hardwood floors throughout, and brand new kitchens and bathrooms. Current unit mix: (1) 4 bed / 2 bath, (1) 3 bed / 2 bath, (3) 2 bed / 1 bath, (1) 1 bed / 1 bath. scheduled rent: 113,268 annually. Estimated expenses at 25. Cap rate over 10 with stable tenants already in place. Located minutes from the 7B 1901 Project and near Douglass Park, Cinespace Studios, and Mt. Sinai Hospital. Ideal long-term hold with strong appreciation potential.
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Listing Snapshot
Price
$800,000
Days On Site
40 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1915
MLS® Number
12359387
Status
Active
Property Tax
$3,598.9
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 weeks ago | Listing updated with changes from the MLS® | |
| a month ago | Status changed to Active | |
| a month ago | Listing first seen on site |
General Features
Number Of Stories
3
Property Sub Type
Multi Family
Utilities
Sewer ConnectedWater AvailableOther
Zoning
MULTI
Interior Features
Basement
Finished
Cooling
Central Air
Electric
Circuit Breakers
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Exterior Features
Construction Details
Brick
Community Features
MLS Area
CHI - North Lawndale
Township
West Chicago
Listing Courtesy of MRED as distributed by MLS Grid of Compass
Based on information submitted to the MLS GRID as of 2025-06-17 07:24 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Last checked: 2025-06-17 07:24 PM UTC
MRED DMCA Copyright Information Copyright © 2025 Midwest Real Estate Data LLC. All rights reserved.
Based on information submitted to the MLS GRID as of 2025-06-17 07:24 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Last checked: 2025-06-17 07:24 PM UTC
MRED DMCA Copyright Information Copyright © 2025 Midwest Real Estate Data LLC. All rights reserved.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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