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    1916 N Drake Ave, Unit 1E Chicago, IL 60647

    For Lease
    $1,595 /Mo ($21 SF/Yr)

    Remodeled apartment in historic Logan Square with modern amenities.

    Property size:
    900 SF
    Lot size:
    900 SF

    Property Features for 1916 N Drake Ave

    General Information

    Size
    900 SF

    Source: KW ONEChicago Agent Frank Naples

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Logan Square Income Restricted Apartment

    Located in Chicago's Historic Logan Square neighborhood, this income-restricted apartment unit requires occupants to be under specific yearly household income limits. For a single person, the income limit is $67,150; for two people, it's $76,750; for three people, it's $86,350; and for four people, it's $95,900. The apartment features a brand-new remodel, stainless steel appliances, and a spacious kitchen. The updated bathroom complements the hardwood floors and great closet space. The king-sized bedroom adds to the comfort of the 900 square foot unit. Heat is included in the rent. Coin-operated laundry facilities are available in the building. Cats are accepted with a maximum of two and a pet fee applies. There is no security deposit required, and easy non-permit street parking is available.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7155966
    Latitude
    41.9160389

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    FAQs

    What type of property is this?
    Apartment building - Remodeled apartment in historic Logan Square with modern amenities.
    Where is this apartment building located?
    The property is located at 1916 N Drake Ave, Unit 1E Chicago, IL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Brand new remodel with STAINLESS STEEL APPLIANCES, updated bathroom, and HARDWOOD FLOORS.; - Spacious kitchen and great closet space.; - King-sized bedroom.
    Request Owner's contact information
    1916 N Drake Ave, Unit 1E Chicago, IL 60647
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1916 N Drake Ave, Unit 1E Chicago, IL 60647
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