4944 N Drake Avenue
Chicago, IL 60625

Status: Sold
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $799,900
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About this home

Don't miss this fantastic turn key investment opportunity in Albany Park! This charming two-flat duplex offers great potential for investors or homeowners seeking rental income. The main level features two bedrooms and one bath along with an additional three bedrooms and one bath on the lower level. The upstairs unit offers three-bedrooms one-bath. This property is versatile and updated with modern finishes. Both units feature open-concept floorplans with white kitchens, quartz counters, subway tile backsplashes, and stainless-steel appliances. Additional features include an in-unit washer/dryer in both units, hardwood floors, Nest thermostats, and central heat/air. Come home to the tranquil backyard and patio with a custom-built in grill for outdoor entertaining. Conveniently located near the River path and Kimball Brown Line. Property is Broker owned.

Property details

Property / Lot Details
Acreage 0.08
Lot Dimensions 30 X 125
Lot Description Fenced Yard
Lot Size Oversized Chicago Lot
Ownership Fee Simple
Style of House Other
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units
Interior Features
Additional Rooms Foyer, Recreation Room, Utility Room-1st Floor, Utility Room-2nd Floor
Basement Description Finished, Exterior Access
Bath Amenities Double Sink, European Shower
Basement Full
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 3
Full Baths in Building Count 3
Total Rooms 16
Units
unit 1
Beds Total 5
Baths Total 2
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
Full Baths Total 2
Lease Expiration Date N/A
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 2500
unit 2
Beds Total 3
Baths Total 1
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 1350
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1912
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Porch
Foundation Concrete Perimeter
Garage Details Garage Door Opener(s), Transmitter(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2018
Roof Type Asphalt
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Gated, Sidewalks, Street Lights, Street Paved
Area Major CHI - Albany Park
Zoning Type MULTI
Corporate Limits Chicago
Directions LAWRENCE WEST TO DRAKE NORTH TO PROPERTY
Equipment Ceiling Fan(s), Sump Pump
Elementary School Albany Park Multicultural Elemen
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Von Steuben Metro Science Senior
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township Jefferson

Financials

Financing Conventional
Gross Rental Income $27,600
Rental Income 27600
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 13114160200000
Special Assessments N
Taxes $7,269
Tax Year 2022
$799,900 Listing Price:
MLS # 12049555
Investment Profile Residential Income
Listing Market Time 39 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 05/09/2024
Year Built 1912
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