4734 N DRAKE AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60625
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12418880
Bedrooms 13
Year Built 1927
Annual Tax Amount $16,311
Tax Year 2023
Lot Size 3,920 Sqft
Lot Dimensions 30 X 125
Property Sub-Type Two to Four Units
Property Description
Excellent investment in Albany Park! Well-maintained legal 4-unit building with extra-large units. Unit 1/Garden: 3 beds, 2 baths, and tall ceilings throughout. Units 2-4: approximately 1,600 sq ft units with 3-4 beds and 1.5 baths each. Apartments feature spacious kitchens, extra-large living rooms & sunrooms, formal dining rooms in original layouts, plus enclosed porch/dens on each level. Owner's unit includes in-unit washer and dryer. A 4-year-old steam boiler services Units 1-3, while Unit 4 has gas forced air. Property has 2 gas meters and 5 electric meters. Exterior includes brick 2 car garage plus 1 gated exterior parking space. Recent updates include new sidewalks, a new skylight (2023), copper plumbing throughout, new carpet in the hallways and Unit 3 with hardwood floors underneath, a replaced support beam in the garage, tuckpointing (2024), a new washer and refrigerator in Unit 2 (2025), and all windows have been caulked (2025). Seller is currently collecting $8760/month while occupying Unit 2 and a portion of the Garden. With all units rented, the projected rents will be $12160/month or $145,920 annually. Excellent Albany Park location within close proximity to Kimball Brown Line CTA, Von Steuben HS, North Park University, Northside College Prep, and more. View The 3D Tours Of Units 2 & 3.
Location
State IL
County Cook
Area Chi - Albany Park
Rooms
Basement Finished,Full,Daylight
Interior
Heating Steam
Fireplace N
Exterior
Garage Spaces 2.0
Community Features Gated,Sidewalks,Street Lights,Street Paved
Roof Type Flat
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Other
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
Elementary Schools Haugan Elementary School
Middle Schools Haugan Elementary School
High Schools Roosevelt High School
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://my.matterport.com/show/?m=9Nntka1xezu&mls=1