1546 S. Drake Avenue, Chicago, Cook County, IL, 60623 Chicago IL US

Great return rate (nearly 7%) on this Legal 3-unit Greystone in North Lawndale, with 2 fully units rented and another in the works. With many recent updates, this is a great turnkey investment opportunity. The top floor features 3 bedrooms plus large living/dining room up front, with eat-in kitchen in the back that steps out to back deck. The first floor also boasts 3 bedrooms with separate living/dining room combination up front, and kitchen with island in the rear of the apartment. Both Units 1 and 2 enjoy decks off the kitchen, with views of the fenced yard, and have hardwood/vinyl floors & tall ceilings. The garden apartment - currently available for rent - is spacious as well, with flexible layout of 1 or 2 bedrooms. All kitchens with recent updates, and all units with central heat and tenants paying their own utilities. The property also has coin laundry and exterior parking pad for added income. Huge fenced yard, and a nearly 7% cap rate that could be improved if you handle your own property management (see proforma in additional information tab). Close to Independence Square & Douglass parks, Mt. Sinai Hospital, Cinespace Studios, shops on Ogden - Come see! Find out more about this property. Request details here