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3565 W Wolfram Street

Chicago, IL 60618
  • $1,995,000
  • STATUS: Active
  • ON SITE: 79 Days
  • MLS #: 11215688
UPDATED: 69 min ago
$1,995,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Ratings & Info

Description

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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© 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 Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T17:01:47.9 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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3565 W Wolfram Street Chicago, IL 60618

  • Price: $1,995,000
  • Status: Active
  • On Site: 79 Days
  • Updated: 69 min ago
  • MLS #: 11215688
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1910
Built
Neighborhood:
Chi - Avondale
County:
Cook
Area:
Chi - Avondale
Property Description
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.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Outdoor Parking 1-5 Spaces Parking Total 1 Roof Membrane Roof Structure Flat

Interior Features

Cooling Central Individual Heat Ventilation Central Heat/Indiv Controls Number Of Dishwashers 6 Number Of Dryers 6 Number Of Ranges 6 Number Of Washers 6

Property Features

Additional Parcels YN No Approximate Age New Rehab Built Before1978 YN Yes Current Use Multi-Family Electric Over 600 Amps Gross Income 164064 Gross Scheduled Income 164064 Insurance Expense 3274 Maintenance Expense 3406 Net Operating Income 123232 Operating Expense 40832 Possible Use Condominium Tax Annual Amount 16126 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 13672 Township Jefferson Type Multi Family 5+

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of iRealty Flat Fee Brokerage.


© 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 Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-29T17:01:47.9 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.

Digital Millennium Copyright Act
 
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Keller Williams Realty
2401 East Empire
Bloomington IL, 61704