8551 Drake Ave
Chicago, IL 60652
4 bd 3 ba 1,985 sqft Built 2000 Lot 5,096 sqft single_family
Most recent sale
$240,000
May 26, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 26, 2022 | Sold | $240,000 | MLS #11380365 |
| May 11, 2022 | Price changed | $254,400 | MLS #11380365 |
| Apr 20, 2022 | Listed | — | MLS #11380365 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $22,923 | $4,076 | $26,999 | $5,696 |
| 2022 | $22,923 | $4,076 | $26,999 | $4,849 |
| 2021 | $22,923 | $4,076 | $26,999 | $4,759 |
| 2020 | $19,589 | $4,076 | $23,665 | $4,580 |
| 2019 | $22,219 | $4,076 | $26,295 | $4,593 |
| 2018 | $22,219 | $4,076 | $26,295 | $4,515 |
| 2017 | $17,984 | $3,567 | $21,551 | $3,912 |
| 2016 | $17,984 | $3,567 | $21,551 | $3,816 |
| 2015 | $17,984 | $3,567 | $21,551 | $3,468 |
| 2014 | $17,802 | $3,312 | $21,114 | $3,440 |
| 2013 | $17,802 | $3,312 | $21,114 | $3,361 |
| 2012 | $17,802 | $3,312 | $21,114 | $3,341 |
| 2011 | $18,512 | $4,331 | $22,843 | $3,374 |
| 2010 | $18,512 | $4,331 | $22,843 | $3,421 |
| 2009 | $18,512 | $4,331 | $22,843 | $3,284 |
| 2008 | $20,978 | $3,872 | $24,850 | $3,289 |
| 2007 | $20,978 | $3,872 | $24,850 | $3,187 |
| 2006 | $20,978 | $3,872 | $24,850 | $3,162 |
Property facts
Year built
2000
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
1,985 sqft
Lot size
5,096 sqft
ZIP code
60652
City
Chicago
Street
Drake Ave
Coordinates
41.73717, -87.71065
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,440
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 8551 Drake Ave last sell?
8551 Drake Ave most recently sold on May 26, 2022 for $240,000.
What is the current tax assessment for 8551 Drake Ave?
The most recent total assessment for 8551 Drake Ave (year 2023) is $26,999 with $5,696 in property tax.
How does 8551 Drake Ave's assessment compare to its last sale price?
The current assessment is 88.8% below the last sale price of $240,000.
When was 8551 Drake Ave built?
8551 Drake Ave was built in 2000.
How does 8551 Drake Ave compare to others on Drake Ave?
We track 8 other properties on Drake Ave. Browse the list under "Other properties on Drake Ave" to compare beds, baths, and sale history.
What are the property facts for 8551 Drake Ave?
8551 Drake Ave is a 4 bed, 3 bath, 1,985 sqft, 5,096 sqft lot single_family.
Is 8551 Drake Ave a flip candidate?
No — 8551 Drake Ave does not appear in our flips dataset.
Is 8551 Drake Ave a tax-appeal candidate?
No — 8551 Drake Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.4%
Implied 1-yr
+13.4%
2026 Q3
$323K
2026 Q4
$331.9K
ZIP 60652 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Drake Ave