Date
Details
Price
Change
Source
7/23/2026
Listed
$499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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- Open House: 1:00 PM - 3:00 PM
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4340 N Drake Avenue,Chicago, IL 606184340 N Drake AvenueChicagoIL60618
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Property Description
Super opportunity this 2-flat building with finished basement situated between Albany Park & Irving Park neighborhoods on the NW side of Chicago. It is a true value; an owner-occupied home + income or as a 2-3 units income investment. It can become a Single-Family conversion or total redevelopment. Either way this is a win win situation. The property offers two units 2bdr/1bth and the garden unit with 1bdr/1bth. Nice front yard and a beautiful flowery front porch for summer fun. An enclosed porch and 2 parking spaces in the back. Fenced yard and tons of security and privacy. Property sold "AS IS" but it has great bones and is waiting for your ideas. Located in amazing location: just steps from Montrose and blocks from Elston, within walking distance of Patrick Henry Elementary school, CTA busses & Kimball Brown Line and close to expressway. This building is in a very hot neighborhood where opportunities like this rarely arise!
Full Property Details
Full Property Details for 4340 N Drake Ave
General
- Price: $499,000
- Taxes: $7,411 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12714074
Rental Information
- Complex Features: Sidewalks, Street Lights
Interior
- Basement: Finished, E
Rooms
Bathrooms
- Total Bathrooms: 3
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Total Spaces: 2
- Parking Features: Off-Alley, Yes
Location
- Area: CHI - Irving Park
- County: Cook
- Township: Jefferson
- Driving Directions: Drake is one way North, 1/4 block South of Montrose
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: Patrick Henry Elementary School
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Structural Information
- Architectural Info: Victorian
- Architectural Style: Victorian
- Construction: Vinyl Siding, Concrete
- Exterior Const.: Vinyl Siding, Concrete
- Basement: Yes
- Basement Desc.: Finished, Exterior Entry, Full, Walk-Out Access
- Roof: Asphalt
- Year Built: 1901
- Built Before 1978: Yes
- Remodeled/Updated: 2016
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1901
- Tax Amount: $7,411
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 13144000250000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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NMLS#: 1598647
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Schools
Schools serving 4340 N Drake Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Henry Elementary School 4250 North Saint Louis Avenue, Chicago, IL 60618 | PK-6 | 0.1 mi |
Marshall Middle School, Chicago, IL 3900 Lawndale Avenue, Chicago, IL 60618 | 7-8 | 0.6 mi |
Roosevelt High School, Chicago, IL 3436 West Wilson Avenue, Chicago, IL 60625 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4340 N Drake Ave
Tax History
Tax History for 4340 N Drake Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$7,411
—
$38,000
9%
2023
$7,411
3%
$35,000
—
2022
$7,224
2%
$35,000
—
2021
$7,061
6%
$35,000
17%
2020
$6,680
-2%
$29,884
-12%
2019
$6,846
2%
$33,960
—
2018
$6,730
17%
$33,960
28%
2017
$5,745
7%
$26,599
—
2016
$5,345
9%
$26,599
—
2015
$4,891
14%
$26,599
15%
2014
$4,308
412%
$23,135
—
2013
$841
-80%
$23,135
—
2012
$4,152
—
$23,135
—
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
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![[Address not provided], Cicero, IL 60804 - Photo 1](https://m1.cbhomes.com/p/155/12703717/f17643DE7Fb94E2/s23cc.webp)
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 2Total Baths
- 1,849Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 1,364Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
- 2,043Sq. Ft.
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 2Total Baths
- 1,052Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 1Total Bath
- 1,000Sq. Ft.
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4340 N Drake Avenue, Chicago, IL 60618 (MLS# 12714074) is a Multi-Family property with 2 units containing 5 bedrooms and 0 full bathrooms. 4340 N Drake Avenue is currently listed for $499,000 and was received on July 23, 2026. This property is listed by Manuela Papazisi from our McMullen/O'Hare Office.Want to learn more about 4340 N Drake Avenue? Do you have questions about finding other Multi-Family real estate for sale in Irving Park? You can browse all Irving Park real estate or contact a Coldwell Banker agent to request more information.