2 Flat 2504 Drake South Lawndale Chicago IL Mu In| Chicago Property Listings – X Plus Real Estate

Find the home or investment property you’ve been looking for!

Quick Search
Advanced

Select Search Area

Selected Areas (10)
Listing Types




Property Features









2 Flat 2504 Drake South Lawndale Chicago IL Mu In

City: Chicago ZIP: 60623

Built In: 1928

Lot Size: A

Lot Dimensions: 35X125

# of Units: 2

Unit 1 Floor 1: 3 bedrooms 1 baths $0

Unit 2 Floor 2: 3 bedrooms 1 baths $0

Detailed Listing Description

JUMBO SOLID, BRICK 2-FLAT WITH INLAW UNIT IN GREAT, CONVENIENT AREA. EACH UNIT HAS 3 LARGE BEDROOMS, FULL BATH, FORMAL SEPARATE LIVING ROOM & DINING ROOM, KITCHEN WITH EAT-IN AREA, PANTRY, HARDWOOD FLOORS. MANY UPDATED WITH ALMOST 100K IN REHAB: NEW FURNACE, RECENTLY TUCK POINT, NEW ALL LIGHT FIXTURES, 1 NEW WATER HEATER, ALL NEW WINDOWS, FRESHLY PAINTED THRU-OUT, REFINISHED HARDWOOD FLOOR, FRONT AND REAR STAIR. NEW BATHROOM, NEW KITCHEN W/ NEW CABINETS, NEW GRANITE COUNTER TOP, NEW FLOOR ON 1ST FLOOR. ALL NEW SS APPLIANCES ON 1ST & 2ND FLOOR. FULL ATTIC W/ NEW CARPET, NEW VYNIL TILE, NEW DOORS AND NEW LARGE EAT-IN KITCHEN, 2 BEDROOMS, 1 FULL BATH GREAT FOR INLAW ARRANGEMENT OR LARGE FAMILY. FULL PARTIALLY FINISHED BASEMENT WITH LOT OF STORAGE, LAUNDRY ROOM, UTILITY ROOM, WORKROOM, FAMILY ROOM, LOT OF POTENTIAL... 2 CAR GARAGE, NICE YARD W/ PARKING PADS. GREAT FOR LIVE IN & COLLECT RENT, GREAT INVESTMENT! BEAUTIFUL! PRE-APPROVED BUYER, SHOW AND SELL!

Additional Property Details

Garage & Parking
  • Gargage DetailsA
  • Gargage On SiteY
  • Gargage OwnershipA
  • Gargage TypeB
  • Number of Gargage Spaces2.5
  • ParkingG
  • Number of Parking Spaces0
  • Parking Fee/Lease Amount0
Utilities
  • Tenant Pays Unit 1A
  • Tenant Pays Unit 2B,C
Appliances
  • Appliances Unit 1A,B,E,F
  • Appliances Unit 2A,B
Schools
  • Grade School District299
  • Jr High/Middle School District299
  • High School District299

Comparative Data

Zip Code Comparison: 60623

Listings in this Zip Code average: 2 to 3 units, and are priced at $152,017 to $172,200
This listing is 110% more than other 2 unit listings in this zipcode.

Neighborhood Comparison:
CHI - South Lawndale

Listings in this Neighborhood average: 2 to 3 units, with average prices of $160,576 to $189,327
This listing is 99% more than other 2 unit listings in this neighborhood.

This property provided no rental pricing information. Rents extrapolated from area average rental pric ing

Calculated Rents
Rental Income : Annual $22,464 Monthly $1,872
Rental Income Stabilized : Annual $28,080 Monthly $2,340
Price Units Price/Unit Cap Rate - Current GRM Cap Rate - Stabilized
$319,9002$159,9502.75%14.240.73%
Income
Unit TypeCurrent RateStabilized RateCustom Rate
Monthly Total$1,872$2,340
Year Total$22,464$28,080
Expense
Total$13,657$13,657
Net Operating Income$8,807$14,423
Amount Percent Rate Amortization Principal Interest Total Debit Services Monthly Debit Services Cash Flow Principal Reduction Total Return
Down
Mortgage $3871 $10718 $14589 $1216
Total         $3,871 $10,718 $14,589   $-5,782 $3,871 $-1,911
Stabilized         $3,871 $10,718 $14,589   $-166 $3,871 $3,705
Custom         $3871 $10718 $14589   $-166 $3871 $3705




MonthBalancePaymentPrincipalInterestEquityTotal InterestTotal Payments
1239,9251,2163169003169001,216
2239,6091,2163178996341,7982,432
3239,2911,2163198979522,6963,648
4238,9731,2163208961,2723,5924,864
5238,6531,2163218951,5934,4876,080
6238,3321,2163228941,9165,3807,296
7238,0091,2163238932,2396,2738,512
8237,6861,2163258912,5647,1649,728
9237,3611,2163268902,8908,05410,944
10237,0351,2163278893,2178,94312,160
11236,7081,2163288883,5459,83113,376
12236,3801,2163308863,87510,71714,592
13236,0501,2163318854,20511,60315,808

Explore Nearby Neighborhoods

West TownNearby Neighborhoods X Plus Real Estate

West Town

Portage ParkNearby Neighborhoods X Plus Real Estate

Portage Park

AvondaleNearby Neighborhoods X Plus Real Estate

Avondale

Listing Agent: Ngocmai Huynh
Listing Office: VNT Realty
5750 N. Saint Louis Ave Chicago

© 2017 Midwest Real Estate Data, LLC (MRED). The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data, LLC (MRED). Real Estate listings held by brokerage firms other than X Plus Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.