Shelly Borota
- Buy
- Sell
https://www.ruhlmortgage.com/BlakeEller.html
Description
Own Your Home While Building Your Investment Stop renting and start building equity with this exceptional 3-unit property on S. Drake Ave in Chicago. Offering a total of 11 bedrooms and 3 full bathrooms, this spacious multifamily property presents a unique opportunity for homeowners and investors alike. Live in one unit while renting out the remaining units to help offset your monthly housing expenses. This owner-occupant strategy can make homeownership more attainable while providing the potential to generate rental income and build long-term equity. Each unit offers generous living space, providing flexibility for families, guests, home offices, or additional living arrangements. Whether you're a first-time homebuyer, an FHA buyer, or an investor seeking a multifamily property, this versatile building offers multiple possibilities. Conveniently located on S. Drake Ave, the property provides access to public transportation, schools, parks, shopping, dining, and everyday amenities, making it a practical choice for both homeowners and tenants. Why continue paying rent when you can own a property that works for you? Take advantage of the opportunity to combine homeownership, rental income potential, and long-term wealth building in one property. Live in one. Rent the others. Build equity. Own your future.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Bedrooms: 11
Bathrooms: 3
County: Cook
Listed By:
Baird & Warner, Inc.
708-697-5900
MRED MLS
MLS ID: 12769469
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1510 S Drake Avenue, Chicago, IL 60623.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $569,900 | $569,900 | $569,900 |
| Down Payment | $113,980 | $19,947 | $142,475 |
| Monthly Mortgage Amount | $2,995 | $3,676 | $3,694 |
| Taxes | $793 | $793 | $793 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $251 | $0 |
| Monthly Estimated Total | $3,954 | $4,886 | $4,653 |
Shelly Borota
REALTOR®
Cell: (563) 357-8243
Licensed in IA
DeWitt Office
903 Sixth Avenue
DeWitt, IA 52742
(563) 659-9433
DeWitt, IA 52742
(563) 659-9433
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