608 N DRAKE AVE

CHICAGO, IL 60624
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2 bd, 2 ba | 1,640 sqft | Built in 1962

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List Price
$319,900

Initial Investment

$87,173

Purchase Price

$319,900

Down Payment

25%

Rent

$1,310

Total Return

$3,698

Annualized Return

0.7%

Cap Rate

2.2%

Gross Yield

4.9%

Cash Flow

-$10,916

Appreciation

3.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,050

HOA

None

Flood Risk

Not Required

Location, Location, walk to Garfield Park conservatory and CTA green line. Come and see this beautiful updated 3br. 2bth single family home in the highly up and coming Humboldt park Neighborhood. This home features a brand new Full finished basement with 1br. Full bath, and summer kitchen and private side entrance. Some of the most recent updates include, New baths, New electrical, Plumbing, newer roof, updated kitchen with quartz counter tops and stainless steel appliances. there are hardwood floors all throughout the first floor. This East facing home is filled with sunlight all day. Come and see.

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NEIGHBORHOOD

SCHOOLS

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Jake Fugman
eXp Realty - Jake Fugman - Axon Group

Annual Financial Highlights

Expected Rent

$14,934

Expenses

-$2,658

Property Taxes

-$5,800

Loan Payments

-$17,391

Net Cash Flow

-$10,916

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Adam Rodriguez
Agent License 475147642
Re/Max Properties
Certified Agent Brokerage:Jake Fugman
eXp Realty - Jake Fugman - Axon Group
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12330803
Last Updated: 04/12/2025 05:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. 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. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.