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$1,150,000

  • For Sale
  • Active
  • Multi-Family
  • 13 Total Beds
  • 2 Car Garage
  • Updated 9 days ago
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Excellent investment in Albany Park! Well-maintained legal 4-unit building with extra-large units. Unit 1/Garden: 3 beds, 2 baths, and tall ceilings throughout. Units 2-4: approximately 1,600 sq ft units with 3-4 beds and 1.5 baths each. Apartments feature spacious kitchens, extra-large living rooms & sunrooms, formal dining rooms in original layouts, plus enclosed porch/dens on each level. Owner's unit includes in-unit washer and dryer. A 4-year-old steam boiler services Units 1-3, while Unit 4 has gas forced air. Property has 2 gas meters and 5 electric meters. Exterior includes brick 2 car garage plus 1 gated exterior parking space. Recent updates include new sidewalks, a new skylight (2023), copper plumbing throughout, new carpet in the hallways and Unit 3 with hardwood floors underneath, a replaced support beam in the garage, tuckpointing (2024), a new washer and refrigerator in Unit 2 (2025), and all windows have been caulked (2025). Seller is currently collecting $8760/month while occupying Unit 2 and a portion of the Garden. With all units rented, the projected rents will be $12160/month or $145,920 annually. Excellent Albany Park location within close proximity to Kimball Brown Line CTA, Von Steuben HS, North Park University, Northside College Prep, and more. View The 3D Tours Of Units 2 & 3.

Full Property Details for 4734 N Drake Ave

General

  • Price: $1,150,000
  • Taxes: $15,535 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12418880
  • Updated: 1/8/2026
  • Added to Site: 180 day(s) ago

Rental Information

  • Complex Features: Gated, Sidewalks, Street Lights, Street Paved

Interior

  • Basement: Finished, F

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Upper - Full Baths: 5
  • Bathroom Features: Double Sink, Soaking Tub

Bedrooms

  • Total Bedrooms: 13

Additional Information

  • Other Features: Commuter Bus, Commuter Train, Interstate Access

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 3
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Off-Alley, Enclosed, Secured, Owned, Garage

Location

  • Area: CHI - Albany Park
  • County: Cook
  • Township: Jefferson
  • Driving Directions: Lawrence, S. Kimball, W Leland to N. Drake Ave

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299
  • Elementary School: Haugan Elementary School
  • Middle School: Haugan Elementary School
  • High School: Roosevelt High School
  • Private School: Roosevelt High School

Heating & Cooling

  • Heating Type: Steam

Utilities

  • Sewer: Other
  • Water: Lake Michigan

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full, Daylight
  • Foundation: Concrete Perimeter
  • Roof: Flat
  • Year Built: 1927
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Additional Structures

  • Other Structures: Storage

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 30 x 125
  • Fence: Yes
  • Fencing (Description): Fenced

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1927
  • Tax Amount: $15,535.83
  • Tax Year: 2024
  • Pays Electric: 40
  • Pays Sewer: Other

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 13142000170000

Listed by Real Broker LLC

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— 4734 N Drake Ave —

  • Real Broker LLC

(773) 621-4144

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 4734 N Drake Ave

School District:Chicago Public School District 299
NameGradesDistance
Haugan Elementary School
4540 North Hamlin Avenue, Chicago, IL 60625
PK-60.4 mi
Roosevelt High School, Chicago, IL
3436 West Wilson Avenue, Chicago, IL 60625
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 4734 N Drake Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/12/2025
Price Reduced
$1,150,000
-4.17%
MLS
7/21/2025
Listed
$1,200,000
—
MLS
Get Price Alerts and Save Property
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 for 4734 N Drake Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$16,311
3%
$83,000
—
2022
$15,861
2%
$83,000
—
2021
$15,536
53%
$83,000
63%
2020
$10,160
-14%
$51,036
-13%
2019
$11,825
2%
$58,663
—
2018
$11,625
—
$58,663
-21%
2017
$11,666
7%
$74,285
—
2016
$10,899
-4%
$74,285
—
2015
$11,335
-5%
$74,285
11%
2014
$11,870
5%
$67,047
—
2013
$11,279
-2%
$67,047
—
2012
$11,456
—
$67,047
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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4734 N Drake Avenue, Chicago, IL 60625 (MLS# 12418880) is a Multi-Family property with 4 units containing 13 bedrooms and 0 full bathrooms. 4734 N Drake Avenue is currently listed for $1,150,000 and was received on July 21, 2025. Want to learn more about 4734 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.

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