NOT LISTED FOR SALE

4906 N Drake Ave Unit 1 Chicago, IL 60625

Albany Park Neighborhood

Estimated Value: $244,000 - $287,000

2 Beds
1 Bath
1,458 Sq Ft
$259/mo HOA Fee

Last Sold June 10, 2022

Last sale price $210,000 $144 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,957/month

3 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Resident Manager or Management On Site
  • Stainless Steel Appliances
  • Living Room
  • Laundry Room

About This Home

As of June 2022

Crisp and clean 2 bedroom 1 bath Albany Park Condo. Living room, eat in Kitchen with a large balcony off the living room that overlooks the courtyard. Hardwood floors throughout. Whirlpool tub, In-unit laundry. Unit is a first floor, but there is a flight of stairs to get to the unit. Large storage locker in basement. Furnace 2018, water heater 2016. Building is FHA approved. We are walking distance to the (kimball) brown line, tons of restaurants, supermarkets, North Branch Chicago River, Chicago Parks and Northeastern Illinois University. Sold As-IS. Realtor is related to the seller.

Last Agent to Sell the Property

Sarah Egan Melaniphy

Baird & Warner License #475145677 Listed on: 04/11/2022

Last Buyer's Agent

Ainhoa Garcia Jimenez

Realty of America, LLC License #475173335

Realty of America, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,014

Year Built

  • Built in 1920 | Remodeled in 2006

Lot Details

  • 0.34

HOA Fees

  • $259 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,458 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

  • Volta Elementary School
  • Roosevelt High School

Utilities

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

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • Association fees include water, insurance, exterior maintenance, lawn care, scavenger, snow removal
  • 30 Units
  • General Association
  • Property managed by Drake Commons Condo

Pet Policy

  • Pets up to 99 lbs
  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,014

Year Built

Built in 1920 | Remodeled in 2006

Lot Details

0

HOA Fees

$259 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1920
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 1
  • Rehab Year: 2006
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Renovated: 2006

Interior Features

  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Hardwood Floors
  • LivingArea: 1458
  • Room Type: Balcony/Porch/Lanai
  • Stories Total: 3
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • List Price: 210000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Cats OK, Dogs OK, Number Limit
  • Association Fee: 259
  • Association Amenities: None
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Drake Commons Condo
  • Management Contact Name: general
  • Management Phone: 000-000-0000X000
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Insurance, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Elementary School: Volta Elementary School
  • High School: Roosevelt High School
  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 99

Tax Info

  • Tax Annual Amount: 2014
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2022
Closed on
Jun 8, 2022
Sold by
Megan T Melaniphy Trust
Bought by
Miranda Rosa Mama and Miranda Diana
Seller's Agent
Sarah Egan Melaniphy
Baird & Warner
Buyer's Agent
Ainhoa Garcia Jimenez
Realty of America, LLC
List Price
$210,000
Sold Price
$210,000
Current Estimated Value
$268,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,034
Avg. Annual Appreciation
7.49%
Original Mortgage
$206,196
Outstanding Balance
$196,162
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$71,872

Purchase Details

Closed on
Apr 23, 2020
Sold by
Melaniphy Megan T
Bought by
Megan T Melaniphy Trust

Purchase Details

Closed on
Nov 28, 2005
Sold by
4900 Drake Llc
Bought by
Melaniphy Megan T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.17%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Miranda Rosa Mama $210,000 None Listed On Document
Megan T Melaniphy Trust -- None Listed On Document
Melaniphy Megan T $220,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miranda Rosa Mama $206,196
Previous Owner Melaniphy Megan T $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $210,000 0.0% $144 / Sq Ft
04/15/2022 04/15/22 Pending -- -- --
04/11/2022 04/11/22 For Sale $210,000 -- $144 / 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 $3,506 $19,931 $1,784 $18,147
2023 $2,712 $16,560 $1,427 $15,133
2022 $2,712 $16,560 $1,427 $15,133
2021 $2,669 $16,558 $1,426 $15,132
2020 $2,014 $12,113 $738 $11,375
2019 $2,045 $13,573 $738 $12,835
2018 $2,009 $13,573 $738 $12,835
2017 $1,199 $8,927 $662 $8,265
2016 $1,292 $8,927 $662 $8,265
2015 $1,159 $8,927 $662 $8,265
2014 $909 $7,450 $611 $6,839
2013 $880 $7,450 $611 $6,839
Source: Public Records

Agents Affiliated with this Home

  • Sarah Egan Melaniphy

    Seller's Agent in 2022

    Sarah Egan Melaniphy

    Baird & Warner

    (773) 383-8670

    1 in this area

    15 Total Sales

    Sarah Egan Melaniphy
    Section Image
  • Ainhoa Garcia Jimenez

    Buyer's Agent in 2022

    Ainhoa Garcia Jimenez

    Realty of America, LLC

    (312) 806-6110

    2 in this area

    229 Total Sales

    Ainhoa Garcia Jimenez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11371882

Midwest Real Estate Data (MRED)

APN: 13-11-416-033-1022

Illinois Cook County Chicago 60625 Albany Park

4906 N Drake Ave Unit 1, Chicago, IL

This home is located at 4906 N Drake Ave Unit 1, Chicago, IL 60625 since 11 April 2022 and is currently estimated at $268,034, approximately $183 per square foot. This property was built in 1920. 4906 N Drake Ave Unit 1 is a home located in Cook County with nearby schools including Volta Elementary School, Roosevelt High School, and ASPIRA Haugan Middle School.

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