1515 S Drake Avenue, Chicago, IL 60623

$800,000

bedrooms

bathrooms

square feet

Acreage

Open Houses

year built

1915

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Cook
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

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Open houses

None scheduled.

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MLS number: 12342051

Listing agent: Benyamin Lalez #475124644

Listing broker: Compass Real Estate

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Last update: Tuesday, April 22 2025 at 2:42 p.m. EDT

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