NOT LISTED FOR SALE

4037 N Drake Ave Chicago, IL 60618

Irving Park Neighborhood
5 Beds
2 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold November 30, 2018

Last sale price $385,000

5 Days on Market

Highlights

  • Balcony
  • Soaking Tub
  • Forced Air Heating System
  • 2 Car Detached Garage
  • Intercom
  • Ceiling Fan

About This Home

As of November 2018

Amazing 2 flat with great natural light, tall ceilings, hardwood floors, original wood trim with gorgeous built ins. Building has been impeccably maintained (a new furnace too!). Separate utilities, laundry in both units, private decks for each apartment, 2 car garage, large yard. Ideal income producing property has a bright & sunny top floor with three bed one bath and a first floor with two bed one bath. Incredible potential to build an owner's unit up into attic or down into a full basement with high ceilings. Located in the friendly Irving Park neighborhood with Victorian architecture & United Nations-like assortment of restaurants. Walking distance to public transit, restaurants, & night life including Parachute, The Abbey Pub, Honey Butter Fried Chicken, Smoque BBQ, Chicago Taco Authority, Hearth and Crust, Bread and Wine & regular farmer's market at Independence Park. 2017 Taxes appealed & successfully reduced to $5,215.

Last Agent to Sell the Property

Heather Fowler

@properties Christie's International Real Estate License #475174043 Listed on: 09/18/2018

@properties Christie's International Real Estate

Last Buyer's Agent

Lori Thuestad

@Home Realtors LTD License #471009901

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,217

Year Built

  • Built in 1910 | Remodeled in 2000

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x125
  • Paved or Partially Paved Lot
  • Drought Tolerant Landscaping

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Intercom

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 2 Bathrooms
  • Soaking Tub

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $34,080
  • Net Operating Income $26,814

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,217

Year Built

Built in 1910 | Remodeled in 2000

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2000
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2000

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 2
  • Total Bedrooms: 5
  • Other Equipment: Intercom, Ceiling Fan(s)
  • Basement Description: Unfinished
  • Bathroom Amenities: Soaking Tub
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Laundry Hook-Up,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Dishwasher,Central Air Conditioner,Garage/Space,Laundry Hook-Up,Hardwood Floors,Walk-In Closet

Exterior Features

  • ExteriorFeatures: Balcony
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Other Expenses $: 7265.

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25X125
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Green Features

  • GreenEnergyEfficient: Native/drought resistant landscaping

Rental Info

  • Board Number: 2
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 26814
  • GrossIncome: 34080
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 5216.8
  • Tax Year: 2017
  • Tax Exemptions: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2018 11/30/18 Sold $385,000 -2.5% --
09/23/2018 09/23/18 Pending -- -- --
09/18/2018 09/18/18 For Sale $395,000 +19.3% --
04/06/2015 04/06/15 Sold $331,000 -2.4% -- View Prior Sale
03/02/2015 03/02/15 Pending -- -- --
02/20/2015 02/20/15 For Sale $339,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Heather Fowler

    Seller's Agent in 2018

    Heather Fowler

    @ Properties

    (773) 510-2525

    96 Total Sales

    Heather Fowler
    Section Image
  • Lori Thuestad

    Buyer's Agent in 2018

    Lori Thuestad

    @Home Realtors LTD

    (847) 489-4424

    2 Total Sales

    Lori Thuestad
    Section Image
  • John Robinson

    Seller's Agent in 2015

    John Robinson

    @ Properties

    (773) 485-0115

    2 in this area

    59 Total Sales

    John Robinson
    Section Image

  • C

    Buyer's Agent in 2015

    Christine Staniszeski

    Chicago Home Estates, Inc

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10086617

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60618 Irving Park

4037 N Drake Ave, Chicago, IL

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