$800,000
1515 S Drake Avenue
Chicago, IL, 60623
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.
Property Details
Price:
$800,000
MLS #:
MRD12427819
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
CHI – North Lawndale
Listed Date:
Jul 23, 2025
Year Built:
1915
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Financial
Tax Year
2023
Taxes
$3,599
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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Current real estate data for Commercial in Chicago as of Sep 15, 2025
1,098
Commercial Listed
164
Avg DOM
155
Avg $ / SqFt
$1,024,567
Avg List Price
Community
- Address1515 S Drake Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60623
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Property Summary
- 1515 S Drake Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60623. It is listed for $800,000 To schedule a showing of MLS#mrd12427819 at 1515 S Drake Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
1515 S Drake Avenue
Chicago, IL
