1641 N Central Park Avenue
Chicago, IL 60647

Status: Sold
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $875,000

About this home

Stunning Modern Industrial 5-Bedroom Home by the 606 Trail! Welcome to your dream home in the vibrant city of Chicago! This exceptional property offers a unique blend of modern design, industrial aesthetics, and income-generating potential, all nestled right by the picturesque 606 Trail. Built with form, function in mind this house was made with spacious living and hosting in mind. Are you ready to make this one-of-a-kind property yours? **Location:** Situated in the heart of Chicago, this property is just steps away from the renowned 606 Trail, perfect for outdoor enthusiasts and those who appreciate urban green spaces. **Art Gallery Feel:** The interior of this home exudes an art gallery ambiance with its open-plan living spaces, sleek lines, and contemporary finishes, making it a haven for artistic souls. **Modern Industrial Design:** Featuring modern industrial minimal aesthetics, this home seamlessly combines functionality with style. Textured feature walls through out the house, wood floors, exposed structural trusses and oversized windows create an inspiring living environment. **Spacious Living:** Boasting 5 bedrooms and 2.5 bathrooms, this property offers ample space for you and your family. The third floor is a true showstopper, with 17-foot ceilings that give you a sense of grandeur and spaciousness. **Entertainment Paradise:** The large projector screen and entertainment area on the 2nd floor make it an ideal space for movie nights and gatherings with friends and family. **Smart Home Features:** Equipped with smart cameras and locks, this home ensures convenience, security, and peace of mind for you and your loved ones. **Income Potential:** The first floor of this property features two separate two-bedroom apartments, generating a substantial annual income of $27, 600. This unique feature can help offset your living expenses. **Huge Lot:** The property sits on a massive 25 x 190 lot, offering endless possibilities for outdoor activities, gardening, or even expansion. **Assumable Interest Rate:** Take advantage of the attractive assumable interest rate of 3.8%, which can provide significant long-term savings on your mortgage. This Chicago gem is a perfect blend of modern luxury, income potential, and a prime location. Are you ready to experience the artistry of urban living in this exceptional property? **Don't miss this opportunity! Schedule a showing today and make this extraordinary property your new home. Contact us for more information or to arrange a viewing.**

Property details

Property / Lot Details
Acreage 0.1
Lot Dimensions 25X170
Lot Size Oversized Chicago Lot
Ownership Fee Simple
Type Unit 3 Flat, 2 Story Unit/s
Number Of Units in Building 3
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1888
Parking Total 2
Exterior Building Type Vinyl Siding
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2018
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Humboldt Park
Zoning Type MULTI
Corporate Limits Chicago
Directions Armitage to Central Park South, Just south of The 606
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Jefferson
Interior Features
Basement Description Crawl
Basement Bathrooms No
Basement None
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 5
Full Baths in Building Count 4
Half Baths in Building Count 1
Total Rooms 20
Units
unit 1
Beds Total 5
Baths Total 3
Appliances And Features Refrigerator, Washer, Dryer, Dishwasher, Central Air Conditioner, Range Hood, Hardwood Floors, Walk-In Closet, Cooktop, Oven/Built-in
Full Baths Total 2
Half Baths Total 1
Lease Expiration Date NONE
Rooms Total 11
Tenant Pays All
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1000
Appliances And Features Stove, Refrigerator, Dishwasher, Central Air Conditioner
Full Baths Total 1
Lease Expiration Date 6 MON
Rooms Total 4
Tenant Pays All
Floor Number 1
unit 3
Beds Total 2
Baths Total 1
Actual Rent 1000
Appliances And Features None
Full Baths Total 1
Lease Expiration Date 6 MON
Rooms Total 4
Tenant Pays All
Floor Number 2

Financials

Financing Conventional
Gross Rental Income $97,200
Net Oper Income $85,000
Rental Income 97200
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 13354180070000
Special Assessments N
Taxes $8,580
Tax Exemptions None
Tax Year 2021
$875,000 Listing Price:
MLS # 11945974
Investment Profile Residential Income
Listing Market Time 50 days
Basement None
Type Unit 3 Flat, 2 Story Unit/s
Number of Units in Building 3
Parking Space/s
List Date 12/12/2023
Year Built 1888
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