4340 N Drake Avenue Chicago, IL $ 499,000
4340 N Drake Avenue
$ 499,000
Recently Listed
Open House 7/26 1pm - 3pm
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4340 N Drake Avenue

Chicago, IL, 60618
$ 499,000
Bedrooms5 Baths3.0

Monthly Estimate*

$ 3,151

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Multi-Family Home for sale in Chicago, IL

for $499,000 with 5 bedrooms and 3 full baths. This home was built in 1901.

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!

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Open House

7/26/2026 1:00 PM - 3:00 PM
4340 N Drake Avenue Chicago, IL
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 499,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,411

Style

Victorian

Year Built

1901

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12714074

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing
Roof Asphalt
Architectural Style Victorian
Construction Materials Vinyl Siding Concrete
Year Built 1901
Township Jefferson
Tax Year 2024
Ownership Fee Simple
Community Features Sidewalks Street Lights
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 9
Status New
Directions Drake is one way North 1/4 block South of Montrose
City Chicago
High School District 299
MLS Area CHI - Irving Park
Elementary School Patrick Henry Elementary School
Tax Annual Amount 7411
Additional Parcels Y/N N
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Finished Exterior Entry Full Walk-Out Access
Total Bedrooms 5
Total Baths 3
Bedrooms Possible 5
Full Baths Building 3
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Off Alley Yes
Water Source Lake Michigan Public
Total Parking 2
Lot Dimensions 25X125
Waterfront Y/N N
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* Excluded Features
List By
Coldwell Banker Realty

Broker

ela.papazisi@cbexchange.com

Email

Affordability Calculator

$3,768
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,151
Monthly Property Taxes
$618
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5420378 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/24/2026$499,000 Listed Price

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4340 N Drake Avenue, Chicago, IL, 60618 is a Multi-Family Home for sale at $499,000. 4340 N Drake Avenue has 5 bedrooms, 3.0 baths, and was built in 1901. The property's zip code is 60618 which is in Chicago, IL