1027 Drake St

Madison, WI
$ 475,500 Beds 3 Baths 2 Sq 2,200 Virtual Tour
Monthly Estimate* How much can I afford?

Excellent Investment property to add to your portfolio. This well-built home is just a couple of blocks from the lake and offers an ideal location, close to bus route, downtown and 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 and new rubber membrane roofing. Lovely, newer front porch, first floor screened deck and 2nd level deck. Once in a lifetime investment opportunity! Additional $350/month potential rental income from 5 parking spaces and $65/month from basement rental.

Multi-Family

  • Price
  • $ 475,500
  • Lot Size
  • 5,968 SqFt
  • Bedrooms
  • 3
  • Sqr Footage
  • 2,200
  • Full Bathrooms
  • 2
  • Year Built
  • 1897
  • Half Bathrooms
  • 0
  • City, Zip
  • Madison
  • Taxes
  • $ 7982
  • County
  • DANE
  • Style
  • Area
  • MADISON - C W14
  • MLS#
  • 1924539
  • Zip
  • 53715
Listing Provided by: American, REALTORS
Data Source: South Central Wisconsin MLS (SCWMLS)

Features

General

Basement Full
Class Multi Family
County Dane
County Qtr Section West Metro Madison
Directions Park St. to Drake St.
Heating Natural Gas
Open House Date No
School District Madison
Street Name Drake St
Tax Year 2020
Utilities Separate elec meters, Separate gas meters
Year Built 1897
Zoning TR-C3

Interior Features

Heating Type Forced air
Total Number of Units 2

Exterior Features

Latitude 43.061739
Longitude -89.403541
Photo Count 36
Exterior Vinyl

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Madison, WI office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Franklin/Randall Elementary School
Middle School Hamilton Middle School
High School West High School

Price History

12/2/2021 Listed $475,500

Property vs Zip Code Average in 53715

Price
AVG $680K
$480K
Taxes
AVG $13,107
$7,982
Visits
AVG 40
28
Year Built
AVG 1909
1897

Map

1027 Drake St Madison, WI is a Single Family Home for sale at $475500 with 2200 sqft and a lot size of 5,968 SqFt Acre(s). 1027 Drake St Madison has 3 bedrooms, 2 baths and was built in 1897. The property's zip code is 53715 which is in Madison, WI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.