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    4734 N Drake Ave Chicago, IL 60625

    For Sale
    $1,150,000

    Residential Income - Chicago, IL

    Lot size:
    0.09 Acres
    Days on Market:
    32
    Last Refresh:
    Dec 7 at 7:06 am

    Property Features for 4734 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
    Bedrooms
    13
    APN
    13142000170000
    Parking
    3
    Exterior features
    Fencing
    Fencing
    Fenced
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Steam

    Building Details

    Year built
    1927
    Roof type
    Flat
    Architectural style
    Other

    Real Broker LLC (630) 439-6385 [email protected]

    Listing agent Ledio Samarxhiu (217) 960-8605 License #471021671

    Listing date Nov 6, 2025

    MLS# 12418880 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

    Albany Park Four-Unit Building

    This well-maintained four-unit building is located in Albany Park. The property features extra-large units. Unit 1, a garden unit, includes 3 bedrooms, 2 bathrooms, and tall ceilings. Units 2 through 4 are approximately 1,600 square feet each, with 3 to 4 bedrooms and 1.5 bathrooms. The apartments have spacious kitchens, extra-large living rooms and sunrooms, formal dining rooms in original layouts, plus enclosed porch/dens on each level. The owner's unit includes an in-unit washer and dryer. Units 1 through 3 are serviced by a 4-year-old steam boiler, while Unit 4 has gas forced air. The property has 2 gas meters and 5 electric meters. Exterior features include a 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 caulked windows (2025). The lot size is 0.09 acres. The seller is currently collecting $8760 per month while occupying Unit 2 and a portion of the Garden. With all units rented, the projected rents will be $12160 per month or $145,920 annually. The location is within close proximity to the Kimball Brown Line CTA, Von Steuben HS, North Park University, and Northside College Prep.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7173645
    Latitude
    41.9675904

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained Chicago four-unit building with extra-large units and income potential.
    Where is this quadplex located?
    The property is located at 4734 N Drake Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - High Income Potential: Currently generating $8,760/month with projected rents of $12,160/month ($145,920 annually) when fully rented.; - Legal 4-Unit Building: Well-maintained property with extra-large units, offering a solid investment opportunity.; - Spacious Units: Units feature 3-4 bedrooms, large kitchens, living rooms, sunrooms, and formal dining rooms.
    (217) 960-8605
    Request Owner's contact information
    4734 N Drake Ave Chicago, IL 60625
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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
    4734 N Drake Ave Chicago, IL 60625
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