1027 Drake St, Madison, WI 53715 Sold for $475,500 on 05/06/2022

1027 Drake St, Madison BD: 0 BA: 1 $475,500 Sold

  • Residential Income
  • Status: Sold
  • County: Dane
  • 0 Full Bathrooms
  • Acreage: 0.137
  • Elementary School: Franklin/Randall
  • Middle School: Hamilton
  • High School: West
  • Property Taxes: $7,982
  • Property Tax Year: 2020
  • MLS#: 1924539
  • Listing Company: American, Realtors
  • Zip Code: 53715
  • Number of Units: 2
  • Unit Type 1 Avg Rent: $1,220
  • Unit 1 Parking: 2 Space
  • Unit Type 2 Avg Rent: $920
  • Unit 2 Parking: 2 Space

1027 Drake St, Madison, WI 53715 - Excellent Investment property to add to your portfolio. This well-built home is just a couple of blocks from the lake & offers an ideal location, close to bus route, downtown & everything Madison has to offer. Sweet view of Lake Monona from the front yard! 1st floor unit offers 2 bedroom, 1 bath. 2nd floor has 1 bedroom, 1 bath. Backyard offers convenient alley access. Can park 4-6 cars in back. All of the major components have been updated on the exterior in about 2010, from the roof to the siding, windows, insulation & new rubber membrane roofing. Lovely, newer front porch, first floor screened deck & 2nd level deck. Once in a lifetime investment opportunity! Add'l $350/month potential rental income from 5 parking spaces & $65/month from basement rental. Can add 2 car garage at alley.

Additional Features
  • Full
  • Water Waste: Municipal sewer, Municipal water
  • Inclusions: 2 refrigerators, 2 stoves, Washer, Dryer, Shed
  • 2 flat
  • Construction Type: E
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1924539 Sold Offer-Show May 6 2022 12:00AM $475,500 114
1924539 Sold Offer-Show May 6 2022 12:00AM $475,500 114
1924539 Offer-Show Active Mar 25 2022 4:58PM 114
1924539 Active Dec 2 2021 9:59AM $475,500 114
1907853 Expired Active 209
1907853 Active Expired Aug 9 2021 9:46PM 209
1907853 Expired Active 209
1907853 May 24 2021 5:47PM $499,900 $535,000 209
1907853 Active Apr 30 2021 9:48AM $535,000 209

Estimated Monthly Payment

$3,287 per month
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