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    4207 N Drake Ave Chicago, IL 60618

    For Sale
    $624,900

    Residential Income, Contemporary - Chicago, IL

    Lot size:
    0.08 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 4207 N Drake Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den
    Bedrooms
    5
    APN
    13144090070000
    Parking
    2
    Exterior features
    Fencing
    Fencing
    Fenced
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Natural Gas, Steam

    Building Details

    Year built
    1913
    Roof type
    Asphalt
    Architectural style
    Contemporary

    Jameson Real Estate LLC (312) 335-3291 [email protected]

    Listing agent Todd Davidson (312) 751-0300 License #475138087

    Listing date Nov 19, 2025

    MLS# 12520649 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Income Property in Chicago

    This three-story, two-unit residential income property is located in Chicago, IL. The building features a full, unfinished basement, a brick paver patio, and a two-car garage. The first floor unit includes two bedrooms, one bathroom, and a breakfast room. The second floor unit has one bedroom, one bathroom, a den, and a breakfast room, with a stairway leading to the finished attic on the third floor, which contains an additional two bedrooms and one bathroom. Both units are equipped with large kitchens and individual 200 amp service with expansion slots. The property, sold As-Is, is situated on a 0.08-acre lot. The exterior and roof are reported to be in good condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7163623
    Latitude
    41.9577856

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    FAQs

    What type of property is this?
    Apartment building - Three-story, two-unit building with unfinished basement and two-car garage.
    Where is this apartment building located?
    The property is located at 4207 N Drake Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $624,900.
    What are key features of this property?
    This property features: - Low price point relative to comparable properties in the area (recent sales over $800k).; - Two-unit property with potential for rental income or multi-generational living.; - Two-car garage.
    (312) 751-0300
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4207 N Drake Ave Chicago, IL 60618
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