4830 North Drake Avenue
7 Unit, Fully Rehabbed, Turnkey Property in Albany Park
Marketing description
The property features an attractive unit mix consisting of six spacious three-bedroom apartments and one one-bedroom garden unit. All seven units are currently occupied, providing immediate in-place income, while also offering investors meaningful upside through future rental growth. Each unit underwent a comprehensive gut renovation within the past decade, including updated electrical, plumbing, and heating systems, significantly reducing near-term capital expenditure requirements.
Albany Park has experienced strong and consistent rental growth in recent years, driven in part by continued demand spillover from neighboring communities such as Ravenswood and other desirable North Side submarkets. The neighborhood’s vibrant retail corridors, excellent transit access, and ongoing investment activity continue to attract both residents and investors alike.
For investors seeking a turnkey asset with stable cash flow and long-term appreciation potential in the heart of a rapidly evolving market, 4830 N Drake Ave represents a truly exceptional offering.
Investment highlights
4830 N Drake Ave presents a compelling investment opportunity — a fully leased, cash-flowing seven-unit multifamily asset situated on a picturesque, tree-lined street in one of Chicago’s fastest-appreciating neighborhoods, Albany Park.
An 8th unit can be easily be built out in the basement using the ADU program and the existing high ceilings.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
