Closed

$550,000

4038 DRAKE Avenue, Chicago, IL 60618
6 Beds3 Baths27 days
4038 DRAKE Avenue·Chicago, IL 60618
6Bedrooms
3Bathrooms
1905Year Built
About This Home

**BEING SOLD AS-IS** Welcome to this extraordinary 2-flat gem nestled in the highly sought-after Irving Park neighborhood! Situated on a generous 37.5' lot, this property boasts a unique combination of a spacious owners' duplex and an income-generating 2-bedroom unit. The owners' unit (or rental unit) is a true standout, thoughtfully upgraded with modern amenities to provide the utmost comfort and style. Stay cool during the warmer months with central air conditioning, and enjoy the luxury of an in-unit washer and dryer. The peaked ceilings and abundant windows create an inviting atmosphere, bathing the interior in natural light and lending an airy ambiance to the living spaces. Additionally, the income unit presents an excellent opportunity to provide accommodations for family members or if you're looking for an investment opportunity, this rental unit can thrive as a successful Airbnb (generating an impressive average income of approximately $24,000 annually). Embrace the vibrant and diverse neighborhood, adding to the allure of this property. With a plethora of amenities, convenient public transportation options, and an array of shops and restaurants within easy reach, you'll never have a shortage of things to do and explore. Outside, the expansive rear and side yards offer an inviting space for outdoor activities, gardening, and relaxation. Park your vehicles with ease in the two-car garage and take advantage of an additional space on the car pad. Unwind on the deck or porch, bask in the abundant greenery of the big yard, and experience the joys of owning a property with such incredible potential.Opportunities like this don't come around often. Whether you're an astute investor seeking a lucrative venture or a homeowner looking to enjoy the benefits of rental income, this 2-flat is an opportunity not to be missed. Discover the possibilities and imagine your future in this fantastic Irving Park home!

MLS# 11785320Listed July 19, 2023Residential IncomeVictorian
Property Details

Beds & Baths

Total Bedrooms6
Total Bathrooms3
Total Rooms11

Size & Structure

Garage Spaces3
Year Built1905
Lot Size37.5' X 125'

Location

CountyCook
TownshipJefferson
Zip Code60618

Financial

List Price$550,000
Annual Taxes (2021)$10,828
Monthly Tax Est.$902
Parcel #13144240220000
Interior Features

Appliances

Humidifier

Heating

Natural GasForced AirSep Heating Systems - 2+Indv Controls

Basement

FinishedExterior EntryFullDaylight
Exterior & Lot

Construction

Aluminum Siding

Roof

Asphalt
Utilities & Parking

Sewer

Public SewerStorm Sewer

Water Source

Lake MichiganPublic

Parking

On SiteGarage OwnedDetachedGarage
Schools
Elementary
Murphy Elementary School
District: 299
High School
Roosevelt High School
District: 299
Tax & Financial
Annual Taxes
$10,828
Tax Year 2021
Monthly Tax Est.
$902
per month
Property Location

4038 DRAKE Avenue, Chicago, IL 60618Cook County

$550,000
4038 DRAKE Avenue
6 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
27 days on market
3-car garage
37.5' X 125'
$10,828/yr taxes
$3,793
estimated monthly payment
Principal & Interest
$2,890/mo
Property Tax
$902/mo
$550,000
20% — $110,000
3%50%
6.875%
3%12%
Loan Amount
$440,000
Down Payment
$110,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
@properties Christie's International Real Estate
Agent: Leigh Marcus
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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