4138 N Drake Avenue
Chicago, IL 60618

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $649,900

About this home

Amazing recently updated 2-unit building located on a gorgeous tree-lined street in the lovely Irving Park neighborhood. 1st flr 2 bed/1 bath unit remodeled in 2017. Unit features hardwood floors throughout, updated kitchen with tons of cabinet space, quartz countertops, SS appliances and pantry room! 2nd floor 3bed/2 bath duplex up that was remodeled in 2018. Unit features bright, sunny spacious floor plan with living & dining rooms & adjacent den/office - perfect for working from home! Fully updated kitchen with tons of cabinet space, quartz countertops, SS appliances and pantry room! Upstairs features a full primary bedroom suite with walk thru closet & en-suite bath feat walk-in shower and double vanity. Both units have central air/heat and in-unit washer/dryer! Great sized fenced backyard with paver patio perfect for entertaining! 2 car detached garage. Perfect opportunity for a live in landlord or an offsite investor with potential to raise low rents in the future. Walking distance to schools, shopping, restaurants, transit & all that Irving Park has to offer!

Property details

Interior Features
Additional Rooms Den
Basement Description Partially Finished, Exterior Access, Bathroom Rough-In, Walk-Up Access
Bath Amenities Double Sink
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 3
Full Baths in Building Count 3
Total Rooms 18
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 1800
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
Full Baths Total 1
Lease Expiration Date 04/24
Rooms Total 7
Tenant Pays Electric, Gas, Heat, Parking
Floor Number 1
unit 2
Beds Total 3
Baths Total 2
Actual Rent 2500
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Laundry Hook-Up, Hardwood Floors, Walk-In Closet
Full Baths Total 2
Lease Expiration Date 09/24
Rooms Total 10
Tenant Pays Electric, Gas, Heat, Parking
Floor Number 2
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age Unknown
3 Bedroom Unit in Building Yes
Parking Total 2
Exterior Building Type Vinyl Siding
Exterior Property Features Patio, Storms/Screens
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2017
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Irving Park
Zoning Type MULTI
Corporate Limits Chicago
Directions E or W on Irving Park Road to Drake (3530W). N on Drake to Address (4138N)
Equipment Ceiling Fan(s)
Elementary School Patrick Henry Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Roosevelt High School
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle School Patrick Henry Elementary School
Jr High/Middle Dist 299
Township Jefferson
Property / Lot Details
Deconversion N
Lot Dimensions 25X125.4
Lot Description Common Grounds
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing Conventional
Gross Rental Income $51,600
Insurance Expense $3,000
Insurance Expense Source Actual
Rental Income 4300
Scavenger Expense $250
Investment Profile Residential Income
Water Expense $800

Tax/Assessments/Liens

PIN 13144160260000
Special Assessments N
Taxes $8,050
Tax Year 2022
$649,900 Listing Price:
MLS # 11988485
Investment Profile Residential Income
Listing Market Time 49 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 02/23/2024
Year Built
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