NOT LISTED FOR SALE

5831 N Drake Ave Chicago, IL 60659

North Park Neighborhood

Estimated Value: $395,000 - $487,101

3 Beds
2 Baths
1,316 Sq Ft
$324/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $383,750 $292 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,846/month

About This Home

As of October 2021

Lovely updated 3 bedroom, 2 bath bilevel on nice residential block. On the main floor there is a spacious living room and dining room with hardwood flooring, and an updated granite kitchen with lots of cabinetry and counters. The upper level has 3 bedrooms, all with hardwood flooring, and a full bath. The lower level has a recreation room, a full bath, and a storage/laundry room. There is a nice yard and a garage-two of the bedrooms were just painted for the new tenant as well as the upstairs hallway. The tenant pays utilities, lawn care, scavenger, snow removal and water

Last Agent to Rent the Property

Phyllis Smith

Century 21 Circle License #471003462 Listed on: 10/18/2021

Century 21 Circle

Last Renter's Agent

Lauren Mitrick Wood

Compass License #475141655

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,988

Year Built

  • 1959

Lot Details

  • 3,746

Parking

  • Detached Garage
  • Parking Included in Price

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1.5-Story Property
  • L-Shaped Dining Room
  • Finished Basement

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,988

Year Built

1959

Lot Details

0

Parking

2

Rental Info

  • Board Number: 8
  • Pets Allowed (Y/N): No
  • Type of Rental Property: Detached
  • Rental Price: 1900
  • Is Parking Included in Price: Yes
  • Available Date: 2021-10-18
  • Lease Term: 12 Months

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Detached: 1.5 Story
  • Property Sub Type: Detached
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Directions: south of Peterson, West of McCormick
  • Lot Size: 30X124
  • Special Features: None
  • Year Built: 1959

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Has Basement: Partial
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: L-shaped
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Full Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Hardwood Floors
  • Dining Room Type: Recreation Room

Exterior Features

  • Exterior Features: Patio
  • Exterior Building Type: Brick
  • Waterfront: No

Garage/Parking

  • Number of Cars: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
  • Garage Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: No
  • HOA Rent Includes: None

Schools

  • Junior High Dist: 299

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2025
Sold by
Fishbane Benzion
Bought by
May Nicholas and May Kathleen
Current Estimated Value
$427,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Outstanding Balance
$314,659
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$112,366

Purchase Details

Listed on
Oct 18, 2021
Closed on
Sep 29, 2021
Sold by
Kothawala Matin S and Kothawala Fehmina M
Bought by
Fishbane Benzion
Seller's Agent
Phyllis Smith
Century 21 Circle
Buyer's Agent
Lauren Mitrick Wood
Compass
Sold Price
$1,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.69%
Original Mortgage
$307,000
Interest Rate
2.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2012
Closed on
Jun 29, 2012
Sold by
Fannie Mae
Bought by
Kothawala Matin S and Kothawala Fehmina M
Seller's Agent
Ron Ehlers
Compass
Buyer's Agent
Karen Majerczak
Compass
List Price
$219,500
Sold Price
$231,000
Premium/Discount to List
$11,500
5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.69%
Original Mortgage
$207,900
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2011
Sold by
Abed Nedal
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 22, 2004
Sold by
Cervantes Raquel
Bought by
Abed Nedal and Abed Sabina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,400
Interest Rate
6%
Mortgage Type
Unknown
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
May Nicholas $395,000 None Listed On Document
Fishbane Benzion $384,000 Saturn Title Llc
Kothawala Matin S $231,000 Attorneys Title Guaranty Fun
Federal National Mortgage Association -- None Available
Abed Nedal $393,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open May Nicholas $316,000
Previous Owner Fishbane Benzion $307,000
Previous Owner Kothawala Matin S $207,900
Previous Owner Abed Nedal $314,400
Closed Abed Nedal $78,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2021 10/27/21 Rented -- -- --
10/24/2021 10/24/21 Off Market -- -- --
10/18/2021 10/18/21 For Rent $1,900 0.0% --
10/01/2021 10/01/21 Sold $383,750 -4.1% $222 / Sq Ft View Prior Sale
08/23/2021 08/23/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $399,999 +73.2% $231 / Sq Ft
08/03/2012 08/03/12 Sold $231,000 0.0% $176 / Sq Ft View Prior Sale
06/22/2012 06/22/12 Pending -- -- --
06/19/2012 06/19/12 Off Market $231,000 -- --
06/11/2012 06/11/12 For Sale $219,500 -- $167 / 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 $6,988 $38,000 $13,125 $24,875
2023 $6,812 $33,000 $10,500 $22,500
2022 $6,812 $33,000 $10,500 $22,500
2021 $5,986 $33,003 $10,503 $22,500
2020 $5,457 $27,515 $5,437 $22,078
2019 $5,472 $30,573 $5,437 $25,136
2018 $5,378 $30,573 $5,437 $25,136
2017 $4,562 $24,497 $4,875 $19,622
2016 $4,825 $26,509 $4,875 $21,634
2015 $4,392 $26,509 $4,875 $21,634
2014 $4,340 $25,874 $4,500 $21,374
2013 $4,243 $25,874 $4,500 $21,374
Source: Public Records

Agents Affiliated with this Home

  • Phyllis Smith

    Landlord's Agent in 2021

    Phyllis Smith

    Century 21 Circle

    (773) 580-0337

    7 in this area

    94 Total Sales

    Phyllis Smith
    Section Image

  • S

    Seller's Agent in 2021

    Shuaib Menk

    Imperial Palace Properties Corporation

    (773) 704-8109

    6 in this area

    21 Total Sales

    Shuaib Menk
    Section Image
  • Ron Ehlers

    Seller's Agent in 2012

    Ron Ehlers

    Compass

    (847) 975-5515

    98 Total Sales

    Ron Ehlers
    Section Image
  • Karen Majerczak

    Buyer's Agent in 2012

    Karen Majerczak

    Compass

    (847) 913-6665

    197 Total Sales

    Karen Majerczak
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11249326

Midwest Real Estate Data (MRED)

APN: 13-02-410-009-0000

Illinois Cook County Chicago 60659 North Park

5831 N Drake Ave, Chicago, IL

This home is located at 5831 N Drake Ave, Chicago, IL 60659 since 18 October 2021 and is currently priced at $427,025. This property was built in 1959. 5831 N Drake Ave is a home located in Cook County with nearby schools including Peterson Elementary School, Mather High School, and ICC School.

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