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1521-1523 S Drake Ave, Chicago, IL 60623

View Smart Contracts: Eth xDai

Total Investment: $799,200.00

Reg S: Non-U.S. Only

This property is not available for purchase in your area.

Questions/Need Help? Email Us.

Property Highlights

  • Expected Income


    Not including capital appreciation

  • Rent Start Date

  • Rent per Token

    $5.14 / year
  • Token Price

  • Total Tokens


All financial statements of property yield are best estimates based on current conditions, and can change at any time.

We are targeting the above yield for investors; however, no assurance can be given that you will obtain any return on investment, and there is a risk that you can lose your entire investment.

  • Property Type

    Multi Family
  • Construction Year

  • Neighborhood

    North Lawndale
  • Bedroom/Bath

    6x3, 6x2 / 12x1
  • Total Units

    12 Units
  • Rental Type

  • Rented?

    Fully Rented
  • Section 8?

  • Section 8 Pays...


Property Financials

  • Gross Rent / year

  • Gross Rent / month

  • Monthly Costs

    - $4,267.50
    • Property Management (8.00%)
      - $890.00
    • RealT Platform (2.00%)
      - $222.50
    • Property Taxes
      - $699.00
    • Insurance
      - $370.00
    • Utilities
      - $2,086.00
  • Net Rent / month

  • Net Rent / year

  • Total Investment

    • Underlying Asset Price
    • RealT Listing Fee (10%)
    • Initial Maintenance Reserve
    • Initial Renovation Reserve
  • Expected Income


    Not including capital appreciation

Test Renovation content!

Rent Assistance!

This property's rent is partly or wholly paid by the U.S. Federal Government through HUD Section 8.

The rent of Section 8 properties is usually exceptionally stable.

About the Property

1521 and 1523 S. Drake are the best of a package of buildings purchased from a seller who personally curated and nurtured the tenancies, and personally managed the operations on a daily basis. They represent among the most exciting real estate investment opportunities we’ve offered to date: Two grey stone buildings in the sought after Lawndale neighborhood of Chicago, side by side, each with six units resulting in investment diversification, downside insulation and built-in economies and efficiencies of operation… all in one offering. One building is a past winner of the Chicago Association of Realtors “outstanding rehabs“ award and the other sports a recently installed new roof, new thermal pane windows, and a new steel porch. These buildings are not only attractive, they are in particularly good operating shape.


Property Records

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