NOT LISTED FOR SALE

4543 N Drake Ave Chicago, IL 60625

Albany Park Neighborhood

Estimated Value: $515,000 - $529,132

4 Beds
2 Baths
1,428 Sq Ft
$366/Sq Ft Est. Value

Last Sold December 17, 2020

Last sale price $410,000 $287 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,305/month

170 Days on Market

About This Home

As of December 2020

This Handsome Family owned building is ready for the next family or investor! Owner unit has extremely large living room, dining, kitchen! Recent updates includes Kitchen, baths with beautiful tile work, cabinets, Gleaming hardwood floors. Massive size bedrooms with great closet space. Enclosed 3 season room on rear. Tenants unit has similar updates and lease that expires in Oct 2020, @ 1250 per month rent. Unfinished basement ready for duplex or expansion with separate utilities, Heat, electric and hot water. Beautiful yard and 2.5 car garage.

Last Agent to Sell the Property

Howard Thomas

RE/MAX Premier License #471019584 Listed on: 06/01/2020

RE/MAX Premier

Last Buyer's Agent

Gesenia Cobb

Coldwell Banker Realty License #475162417

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,925

Year Built

  • Built in 1908 | Remodeled in 2016

Lot Details

  • 3,790

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 25x130

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,925

Year Built

Built in 1908 | Remodeled in 2016

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: 1908
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space,Laundry Hook-Up
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Garage/Space

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Lot Dimensions: 25X130
  • Zoning: MULTI
  • Lot Size: Standard Chicago Lot
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5925.14
  • Tax Year: 2018
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2020
Closed on
Dec 15, 2020
Sold by
Lindsey Tricia and Barajas Tricia
Bought by
Cheatham Sierra M
Seller's Agent
Howard Thomas
RE/MAX Premier
Buyer's Agent
Gesenia Cobb
Coldwell Banker Realty
List Price
$445,000
Sold Price
$410,000
Premium/Discount to List
-$35,000
-7.87%
Current Estimated Value
$522,033

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,033
Avg. Annual Appreciation
5.09%
Original Mortgage
$396,316
Outstanding Balance
$350,719
Interest Rate
2.37%
Mortgage Type
FHA
Estimated Equity
$171,314

Purchase Details

Closed on
Mar 6, 2007
Sold by
Kotarski Marek and Nocon Jolanta
Bought by
Barajas Tricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,000
Interest Rate
6.4%
Mortgage Type
Unknown

Purchase Details

Closed on
May 4, 2006
Sold by
Lange Rudolph and Lange Virginia
Bought by
Kotarski Marek and Nocon Jolanta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
8.98%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cheatham Sierra M $410,000 Lakeland Title Services
Barajas Tricia $412,000 Ticor Title Insurance
Kotarski Marek $250,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheatham Sierra M $396,316
Previous Owner Barajas Tricia $412,000
Previous Owner Kotarski Marek $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2020 12/17/20 Sold $410,000 -1.0% $287 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
08/08/2020 08/08/20 Price Changed $414,000 -4.8% $290 / Sq Ft
07/06/2020 07/06/20 Price Changed $435,000 -2.2% $305 / Sq Ft
06/01/2020 06/01/20 For Sale $445,000 -- $312 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,709 $45,000 $13,230 $31,770
2023 $7,225 $35,000 $10,584 $24,416
2022 $7,225 $35,000 $10,584 $24,416
2021 $7,061 $35,000 $10,584 $24,416
2020 $5,938 $29,667 $5,481 $24,186
2019 $6,028 $33,334 $5,481 $27,853
2018 $5,925 $33,334 $5,481 $27,853
2017 $5,394 $28,348 $4,914 $23,434
2016 $5,195 $28,348 $4,914 $23,434
2015 $4,730 $28,348 $4,914 $23,434
2014 $4,197 $25,108 $4,536 $20,572
2013 $4,103 $25,108 $4,536 $20,572
Source: Public Records

Agents Affiliated with this Home

  • Howard Thomas

    Seller's Agent in 2020

    Howard Thomas

    RE/MAX

    (312) 671-7600

    1 in this area

    125 Total Sales

    Howard Thomas
    Section Image
  • Gesenia Cobb

    Buyer's Agent in 2020

    Gesenia Cobb

    Coldwell Banker Realty

    (630) 745-8228

    1 in this area

    227 Total Sales

    Gesenia Cobb
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10730993

Midwest Real Estate Data (MRED)

APN: 13-14-214-006-0000

Illinois Cook County Chicago 60625 Albany Park

4543 N Drake Ave, Chicago, IL

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