3565 West Wolfram StreetChicago, IL 60618Price: $1,995,000

  • Price: $1,995,000
  • 48 Days on Market
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Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.07Acreage
  • 1910Year Built

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Fully Turnkey Cash Flowing asset trading at a 6.1% Cap Rate based on 2020 Actuals. Property has had ZERO vacancy in the 3 years since renovation has been completed and is perfect for the 1031 or everyday investor. The Drake Residences feature six meticulously renovated apartment units just steps from public transportation,parks and all the unique restaurants and bars Logan Square has to offer. Not an expense was spared as the renovation was fully permitted and everything except the brick walls were replaced (even the subfloor and joists). The units feature Two Bedroom/two bathroom and Three Bedroom/two bathroom configurations,Open floor plans,Stainless steel appliances,white shaker cabinets & quartz countertops,Central heating & air conditioning,including humidifiers,In-unit washer and gas dryers (oversized Whirlpool),Hardwood floors,Custom tiled bathrooms with solid wood vanities with quartz tops,Large 8'x8' basement storage units and three reserved parking spaces. Please reach out for additional financial information,rent rolls,location information,floor plan and additional unit pictures.

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Listed by Vanessa Carlson of iRealty Flat Fee Brokerage

Based on information submitted to MRED  as of October 28, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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