NOT LISTED FOR SALE

3006 S Drake Ave Chicago, IL 60623

Little Village Neighborhood
5 Beds
3 Baths
1,496 Sq Ft
1903 Built

Last Sold January 17, 2025

Last sale price $397,500 $266 Per Sq Ft

128 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • 5-minute walk to Miami Park

About This Home

As of January 2025

Welcome to 3006 S. Drake Avenue, a meticulously maintained legal 2-Flat located in the heart of the vibrant Little Village neighborhood of Chicago. Updated from nearly top to bottom, this property offers an excellent opportunity for an investor to come into a turnkey, fully leased scenario with little to do. The top unit is a duplex which spans two levels and features 3 bedrooms and 2 bathrooms, boasting a complete renovation in 2018 with all new windows, kitchen, bathrooms, appliances and flooring. The lower unit, fully rehabbed in 2022, includes 2 bedrooms, 1 bathroom, and all new windows, kitchen, bathroom, appliances, and HVAC. Both units enjoy separate HVAC systems, water heaters, washer/dryers, ranges, refrigerators, and microwaves, ensuring maximum comfort and convenience for all residents. Completing this fantastic property is a beautifully landscaped yard perfect for relaxation and gatherings, along with a two-car garage accessible via the alley. Other recent upgrades include a new roof in 2023 and new electrical panels for both units. All utilities are separately metered, owner only pays for water / city trash service. Nestled in a culturally rich area known for its diversity and friendly community, this property is conveniently located off the Steven Expressway and between Cicero Avenue and Western Avenue, providing easy access to all parts of the city. The Little Village neighborhood is renowned for its vibrant atmosphere, with an array of local shops, eateries, and cultural events that make it a bustling and welcoming community. Don't miss this exceptional opportunity to own a piece of Little Village's charm and culture. Book a showing today!

Last Agent to Sell the Property

Andrew Dorazio

Fitzgerald Real Estate Inc. License #471022724 Listed on: 06/24/2024

Last Buyer's Agent

Laura Rodriguez

Agent 1 Realty Group LLC License #475108275

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,204

Year Built

  • Built in 1903 | Remodeled in 2022

Lot Details

  • Lot Dimensions are 25x125

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $2,200
  • Professional Management Expense $600
  • Water Sewer Expense $1,200
  • Gross Income $40,200
  • Net Operating Income $32,996

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,204

Year Built

Built in 1903 | Remodeled in 2022

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 600
  • Year Built: 1903
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: None
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 397500
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Fee Information

  • Water Sewer Expenses: 1200

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: 25X125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 32996
  • Insurance Expense: 2200
  • GrossIncome: 40200
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 3204
  • Tax Year: 2022
  • Tax Exemptions: Homeowner

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2025 01/17/25 Sold $397,500 0.0% $266 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/24/2024 10/24/24 Price Changed $397,500 -0.6% $266 / Sq Ft
08/23/2024 08/23/24 Price Changed $399,900 -2.4% $267 / Sq Ft
07/15/2024 07/15/24 Price Changed $409,900 -2.4% $274 / Sq Ft
06/25/2024 06/25/24 For Sale $420,000 +162.5% $281 / Sq Ft
06/05/2018 06/05/18 Sold $160,000 -3.0% $107 / Sq Ft
04/01/2018 04/01/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $165,000 -- $110 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andrew Dorazio

    Seller's Agent in 2025

    Andrew Dorazio

    Fitzgerald Real Estate Inc.

    (224) 505-4072

    2 in this area

    102 Total Sales

    Andrew Dorazio
    Section Image
  • Laura Rodriguez

    Buyer's Agent in 2025

    Laura Rodriguez

    Agent 1 Realty Group LLC

    (773) 983-0600

    2 in this area

    21 Total Sales

    Laura Rodriguez
    Section Image
  • Erik Corral

    Seller's Agent in 2018

    Erik Corral

    You Properties LLC

    (312) 927-3887

    5 in this area

    216 Total Sales

    Erik Corral
    Section Image

  • E

    Buyer's Agent in 2018

    Elia Pinto

    Harthside Realtors, Inc.

    (708) 307-0602

    50 Total Sales

    Elia Pinto
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12088391

Midwest Real Estate Data (MRED)

APN: 16264240260000

Illinois Cook County Chicago 60623 Little Village

3006 S Drake Ave, Chicago, IL

This home is located at 3006 S Drake Ave, Chicago, IL 60623 since 24 June 2024. This property was built in 1903. 3006 S Drake Ave is a home located in Cook County with nearby schools including Ortiz De Dominguez Elementary School, Gary Elementary School, and St. Agnes of Bohemia School.

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