OPEN SUN 12PM - 2PM
$50K PRICE DROP
5801 N Drake Ave Chicago, IL 60659
North Park NeighborhoodEstimated payment $5,729/month
Total Views
28,615
6
Beds
4
Baths
3,627
Sq Ft
$248
Price per Sq Ft
Highlights
- Second Kitchen
- Wood Flooring
- Corner Lot
- Property is near a park
- Main Floor Bedroom
- 4-minute walk to Peterson Park
About This Home
Welcome to an urban oasis of world-class living. This exceptional property offers a perfect blend of modern sophistication and timeless elegance. Nestled on an expansive corner lot, this residence provides a secluded and tranquil retreat. Following an extensive renovation, every aspect of the home has been meticulously redesigned to exude a sense of novelty and refinement. The grand foyer, adorned with elegant crown molding, leads to a luminous living room featuring a captivating stone surround electric fireplace, gleaming hardwood floors, and recessed lighting. The formal dining room, distinguished by rounded western exposure windows and custom window treatments, exudes a distinctive charm. The recently expanded open kitchen takes center stage, boasting top-of-the-line appliances, an oversized island, custom cabinets, exquisite stone backsplashes and new copper fixtures. This remarkable home comprises 5 bedrooms and 4 full baths. Upstairs, three generously sized bedrooms await, including a primary bedroom with a walk-in closet and luxurious en-suite bath. The fully finished lower level offers two additional bedrooms, a full kitchen, a well-appointed bath, and a recreational space, ideal for use as a separate living area for extended family or guests. The vast lot features a delightful backyard and is complemented by a 3-car brick garage. Recent updates, such as high-efficiency HVAC systems, a new electric panel, a 75-gallon hot-water tank, second-level hardwood floors, a vinyl fence, and updated roof and gutters on both the home and garage, enhance the modern comfort of this home. Additionally, modern innovations, including a new high-efficiency duct system and WiFi connectivity to light fixtures in the foyer, living room, and basement, further elevate this extraordinary home. Conveniently located near Hollywood Park, Peterson Park, Northeastern University, and various dining and educational establishments, this property epitomizes convenience. This is not simply a home; it represents a lifestyle elevated to new heights.
Listing Agent
Berkshire Hathaway HomeServices Chicago License #475148340 Listed on: 04/16/2025
Open House Schedule
-
Sunday, August 03, 202512:00 to 2:00 pm8/3/2025 12:00:00 PM +00:008/3/2025 2:00:00 PM +00:00Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,100
Year Renovated
- 2022
Lot Details
- Lot Dimensions are 59 x 125
- Corner Lot
- Paved or Partially Paved Lot
Parking
- 3 Car Garage
- Parking Included in Price
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,627 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Attached Fireplace Door
- Gas Log Fireplace
- Window Screens
- Entrance Foyer
- Family Room
- Living Room with Fireplace
- Formal Dining Room
- Carbon Monoxide Detectors
- Laundry Room
Kitchen
- Second Kitchen
- Range
- Microwave
- High End Refrigerator
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- Main Floor Bedroom
- 4 Full Bathrooms
- Soaking Tub
- Separate Shower
Basement
- Basement Fills Entire Space Under The House
- Finished Basement Bathroom
Location
- Property is near a park
Schools
- Peterson Elementary School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Map
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Home Values in the Area
Average Home Value in this Area
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 | $9,100 | $55,641 | $25,515 | $30,126 |
| 2023 | $9,555 | $46,290 | $20,412 | $25,878 |
| 2022 | $9,555 | $46,290 | $20,412 | $25,878 |
| 2021 | $9,886 | $49,000 | $20,412 | $28,588 |
| 2020 | $6,327 | $59,877 | $10,570 | $49,307 |
| 2019 | $6,307 | $66,531 | $10,570 | $55,961 |
| 2018 | $6,211 | $66,531 | $10,570 | $55,961 |
| 2017 | $6,651 | $47,026 | $9,477 | $37,549 |
| 2016 | $6,970 | $47,026 | $9,477 | $37,549 |
| 2015 | $6,700 | $47,026 | $9,477 | $37,549 |
| 2014 | $6,644 | $50,637 | $8,748 | $41,889 |
| 2013 | $6,667 | $50,637 | $8,748 | $41,889 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2025 04/29/25 | Price Changed | $899,995 | -5.3% | $248 / Sq Ft |
| 04/16/2025 04/16/25 | For Sale | $949,900 | -- | $262 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $530,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Lawyers Title Insurance Corp | |
| Quit Claim Deed | -- | Land Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $503,500 | New Conventional | |
| Previous Owner | $222,400 | New Conventional | |
| Previous Owner | $225,800 | New Conventional | |
| Previous Owner | $250,500 | Balloon | |
| Previous Owner | $251,000 | No Value Available | |
| Previous Owner | $78,316 | No Value Available |
Source: Public Records
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12339487
APN: 13-02-410-018-0000
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