4340 N Drake Avenue, Chicago, IL 60618 - Photo 1

1/1

$510,000

Sold
Closed
Multi-Family
5 Total Beds

1/1

Property Description

** Multiple Offers. H & B Wed @ 7:00 pm**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

Sold For: $510,000
Taxes: $7,411 (2024)
Status: Closed
Type: Multi-Family
Source: MRED
MLS ID: 12714074

Rooms

Bathrooms

Total Bathrooms: 3

Bedrooms

Total Bedrooms: 5

Parking

Total Spaces: 2
Parking Features: Off-Alley, Yes

Location

Area: CHI - Irving Park
County: Cook
Driving Directions: Drake is one way North, 1/4 block South of Montrose

School Information

School District: 299
Midd School District: 299
Elementary School: Patrick Henry Elementary School

Heating & Cooling

Heating Type: Natural Gas, Forced Air, Steam

Utilities

Water: Lake Michigan, Public

Structural Information

Architectural Style: Victorian
Construction: Vinyl Siding, Concrete
Exterior Const.: Vinyl Siding, Concrete
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

Disclosures and Reports

Ownership: Fee Simple
Property ID: 13144000250000

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Meet the listing agent

— 4340 N Drake Ave —

Manuela Papazisi

Email Me

(773) 576-2381 mobile

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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

Date

Details

Price

Change

Source

8/24/2026

Sold

$510,000

2.2%

MLS

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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Condo
Closed

4
Beds
3
Total Baths
2,400
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4340 N Drake Avenue, Chicago, IL 60618 (MLS# 12714074) is a Multi-Family property that was sold at $510,000 on August 24, 2026. This property was 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.

4340 N Drake Ave Chicago, IL 60618