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4944 N Drake Avenue, Chicago, IL 60625
$799,900 Contingent
4944 N Drake Avenue, Chicago, IL 60625View this property at 4944 N Drake Avenue, Chicago, IL 60625
4944 N Drake AvenueChicagoIL60625
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Property Description
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.
Full Property Details
Full Property Details for 4944 N Drake Ave
General
- Price: $799,900
- Taxes: $7,268 (2022)
- Status: Contingent
- Type: Multi-Family
- MLS ID: 12049555
- Updated: 5/14/2024
- Added to Site: 11 day(s) ago
Rental Information
- Complex Features: Curbs, Gated, Sidewalks, Street Lights, Street Paved
Interior
- Basement: Full
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
- Bathroom Features: Double Sink, European Shower
Bedrooms
- Total Bedrooms: 8
Additional Information
- Equipment: Ceiling Fan(s), Sump Pump
Exterior
- Exterior Features: Porch
Parking
- Garage: Yes
- Garage Ownership: Owned
- Garage Spaces: 2
- Total Spaces: 2
- Parking Type: Garage
- Garage Description: Garage Door Opener(s), Transmitter(s)
Location
- Area: CHI - Albany Park
- County: Cook
- Township: Jefferson
- Driving Directions: LAWRENCE WEST TO DRAKE NORTH TO PROPERTY
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: Albany Park Multicultural Elemen
- High School: Von Steuben Metro Science Senior
- Private School: Von Steuben Metro Science Senior
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Full
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Year Built: 1912
- Built Before 1978: Yes
- Remodeled/Updated: 2018
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.08
- Lot Size Range: Oversized Chicago Lot
- Lot Dimensions: 30 x 125
- Lot Features: Fenced Yard
- Zoning: MULTI
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1912
- Tax Amount: $7,268.98
- Tax Year: 2022
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 13114160200000
Listed by Compass
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Schools
Schools serving 4944 N Drake Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4950 N Avers Ave, Chicago, IL 60625 | PK-8 | 0.4 mi | |
3436 W Wilson Ave, Chicago, IL 60625 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4944 N Drake Ave
Date
Details
Price
Change
Source
5/09/2024
Listed
$799,900
20.29%
MLS
4/05/2021
Sold
$665,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4944 N Drake Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$7,975
-8%
$38,636
-10%
2021
$8,675
50%
$43,000
66%
2020
$5,773
11%
$25,826
-13%
2018
$5,202
-13%
$29,685
—
2019
$5,984
-9%
$29,685
-12%
2017
$6,559
4%
$33,742
—
2016
$6,279
10%
$33,742
—
2015
$5,722
9%
$33,742
10%
2014
$5,228
2%
$30,641
—
2013
$5,113
1%
$30,641
—
2012
$5,051
—
$30,641
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4944 N Drake Ave
4944 N Drake Avenue, Chicago, IL 60625 (MLS# 12049555) is a Multi-Family property with 2 units containing 8 bedrooms and 0 full bathrooms. 4944 N Drake Avenue is currently listed for $799,900 and was received on May 09, 2024. Want to learn more about 4944 N Drake Avenue? Do you have questions about finding other Multi-Family real estate for sale in Albany Park? You can browse all Albany Park real estate or contact a Coldwell Banker agent to request more information.