$1,200,000
4734 N DRAKE Avenue
Chicago, IL, 60625
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.
Property Details
Price:
$1,200,000
MLS #:
MRD12418880
Status:
Active
Beds:
13
Baths:
8
Address:
4734 N DRAKE Avenue
Type:
Multi Family
Neighborhood:
CHI – Albany Park
City:
Chicago
Listed Date:
Jul 21, 2025
State:
IL
ZIP:
60625
Year Built:
1927
Schools
School District:
299
Elementary School:
Haugan Elementary School
Middle School:
Haugan Elementary School
High School:
Roosevelt High School
Interior
Heating
Steam
Exterior
Community Features
Gated, Sidewalks, Street Lights, Street Paved
Construction Materials
Brick
Other Structures
Storage
Parking Features
Garage Door Opener, On Site, Garage Owned, Detached, Off Alley, Enclosed, Secured, Owned, Garage
Parking Spots
3
Roof
Flat
Financial
Tax Year
2023
Taxes
$16,311
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
More About DebraMortgage Calculator
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4734 N DRAKE Avenue
Chicago, IL
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