4734 N Drake Ave Chicago, IL 60625
Albany Park NeighborhoodEstimated payment $7,752/month
Highlights
- Gated Community
- Sun or Florida Room
- Soaking Tub
- Deck
- Enclosed Parking
- 3-minute walk to Drake Gardens
About This Home
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
Home Type
- Multi-Family
Est. Annual Taxes
- $16,311
Year Built
- Built in 1927
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 30 x 125
- Fenced
- Paved or Partially Paved Lot
Parking
- 2 Car Garage
- Enclosed Parking
- Secured Garage or Parking
- Off Alley Parking
- Parking Included in Price
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- Sun or Florida Room
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 13 Bedrooms
- 13 Potential Bedrooms
- 8 Bathrooms
- Dual Sinks
- Soaking Tub
Outdoor Features
- Deck
- Outdoor Storage
Schools
- Haugan Elementary School
- Roosevelt High School
Utilities
- Heating System Uses Steam
- Lake Michigan Water
Listing and Financial Details
- Senior Tax Exemptions
- Homeowner Tax Exemptions
Community Details
Building Details
- Electric Expense $40
- Fuel Expense $398
- Water Sewer Expense $250
- Gross Income $105,120
Additional Features
- 4 Units
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/21/2025 07/21/25 | For Sale | $1,200,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12418880

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