4126 North Drake Avenue

Chicago, IL 60618

$585,000
Last Sold Price
7
Beds
3
Baths
0 Sq. Ft.
/ Sq. Ft.
0
Sq. Ft.
per Sq. Ft.

Description

Beautifully renovated legal 3-unit building in hot Irving Park location with appreciating rents! Property features (2) 3-bed units and (1) 1-bed unit. 1 bathroom per unit. New kitchen/appliances in unit 1 & 3 and shared laundry. New floors and paint throughout. Unit 2 updated with new stacked washer/dryer, pantry, walk-in closet, etc. Roof is 6 years old, entire exterior 3 years old, windows 8 years old, all new copper, newer electrical boxes. Flexible living space with each unit. Bright lower level...Beautifully renovated legal 3-unit building in hot Irving Park location with appreciating rents! Property features (2) 3-bed units and (1) 1-bed unit. 1 bathroom per unit. New kitchen/appliances in unit 1 & 3 and shared laundry. New floors and paint throughout. Unit 2 updated with new stacked washer/dryer, pantry, walk-in closet, etc. Roof is 6 years old, entire exterior 3 years old, windows 8 years old, all new copper, newer electrical boxes. Flexible living space with each unit. Bright lower level with no water issues. Quickly improving location with many rehabbed homes and new construction. 2 car garage not currently leased provides extra income. Buy with 3% down. Amazing opportunity! Projected rent for unit 2 is $2,000/mo.

Listing Agent

  1. Mike LeFevere

    Mike LeFevere

    Listing Agent

    Compass

Sold By Redfin Corporation

Property Details for 4126 North Drake Avenue

Area
CHI - Irving Park
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
2.0
Num Of Cars
2.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas
Zoning
MULTI

Location

Add your commute
LISTING UPDATED: 05/05/2021 10:07 AM

Property Details for 4126 North Drake Avenue

StatusClosed
MLS #10887255
Days on Market40
Taxes$7,866 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built-
Lot Size0.07 AC / 3,250 SF
CountyCook County

Building

4126 N Drake Ave

3 Units2 Stories

Location

Add your commute

Building Information for 4126 North Drake Avenue

Stories2Residences3Year Built-Building Size0' x 0'Building Sq. Ft0 SFLot Size0.07 AC / 3,250 SF

Payment Calculator

$3,848 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,193

Property Taxes

$656

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4126 North Drake Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s)
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage
Property Information
Interior Features
  • Num Of Rooms: 12
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 7
  • Basement Description: Finished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
Property/Lot Information
  • Exterior Property Features: Patio, Storms/Screens, Cable Access
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2020
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Standard Chicago Lot
  • Lot Dimensions: 25X130
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding
  • Roof Type: Asphalt
  • General Information: None
  • North Coordinate: 4100
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 4000
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2020-09-30T16:04:06
  • Photos Count: 27
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 6
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator, Dishwasher, Central Air Conditioner, Garage/Space
  • Lease Exp Date (Mo/Yr) - Unit 1: 07-21-2024
  • Sec Deposit $ - Unit 1: N/A
  • Tenant Pays - Unit 1: Electric, Gas, Heat
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 5
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 1
  • Appliances/Features Unit 2: Stove, Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Garage/Space, Range Hood, Walk-In Closet
  • Sec Deposit $ - Unit 2: N/A
  • Tenant Pays - Unit 2: Electric, Gas, Heat
Unit 3
  • Unit Type Actual Rent: $1,600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Floor # - Unit 3: G
  • # Of Rooms - Unit 3: 3
  • # Half Baths-Unit 3: 0
  • # Full Baths-Unit 3: 1
  • Appliances/Features Unit 3: Central Air Conditioner
  • Lease Exp Date (Mo/Yr) - Unit 3: 07-21-2024
  • Sec Deposit $ - Unit 3: N/A
  • Tenant Pays - Unit 3: Electric, Gas, Heat

Property History for 4126 North Drake Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4126 North Drake Avenue

Taxable ValueLand$15,750Additions$24,250Total$40,000
Tax Record2022$8,257 ($688 / month)
Home Facts
Baths3Total Finished SqFt2,859 SqFtAbove Grade Finished SqFt2,859 SqFtStories2Lot Size3,150 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyCOOKAPN13-14-416-031

Schools near 4126 North Drake Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 7 to 12
Public - 7 to 8
Rating
School
Distance
Henry Elementary School
PublicPK to 8

Roosevelt High School
Public9 to 12

Disney II Magnet High School
Public7 to 12

Marshall Middle School
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.