Closed

$499,000

4340 Drake Avenue, Chicago, IL 60618
5 Beds3 Baths9 days
4340 Drake Avenue·Chicago, IL 60618
5Bedrooms
3Bathrooms
1901Year Built
About This Home

** 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!

MLS# 12714074Listed July 23, 2026Residential IncomeVictorian
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms3
Total Rooms9

Size & Structure

Year Built1901
Lot Size25X125

Location

CountyCook
TownshipJefferson
Zip Code60618

Financial

List Price$499,000
Annual Taxes (2024)$7,660
Monthly Tax Est.$638
Parcel #13144000250000
Interior Features

Heating

Natural GasForced AirSteam

Basement

FinishedExterior EntryFullWalk-Out Access
Exterior & Lot

Construction

Vinyl SidingConcrete

Roof

Asphalt
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

Off AlleyYes
HOA & Community

Community Features

SidewalksStreet Lights
Schools
Elementary
Patrick Henry Elementary School
District: 299
Tax & Financial
Annual Taxes
$7,660
Tax Year 2024
Monthly Tax Est.
$638
per month
Property Location

4340 Drake Avenue, Chicago, IL 60618 — Cook County

$499,000
4340 Drake Avenue
5 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
9 days on market
25X125
$7,660/yr taxes
$3,261
estimated monthly payment
Principal & Interest
$2,622/mo
Property Tax
$638/mo
$499,000
20% — $99,800
3%50%
6.875%
3%12%
Loan Amount
$399,200
Down Payment
$99,800

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

Listed by
Coldwell Banker Realty
Agent: Manuela Papazisi
Similar Homes

You May Also Like

Keep Exploring

Find Your Perfect Home

Browse available listings in Chicago and across the North Shore.

Also popular on the North Shore

REALTOR® Logo
Equal Housing Opportunity LogoEqual Housing Opportunity

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

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy.

© 2026 MLS GRID. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use.