2735 N Central Park Avenue
Chicago, IL 60647

Status: Sold
Multi Family
9 beds
0 baths
0 sq.ft
Listing Price: $780,000

About this home

Fantastic Investment Opportunity in Logan Square! This fully occupied 4-unit property offers great potential in an ideal location. Located just steps from the vibrant Milwaukee corridor, walking distance to the CTA Blue Line Logan Square. This property offers easy access to public transportation on Diversey Ave and quick access to Interstate 90/94. Long-term tenants with month-to-month leases reflect the potential for rent increases and value add. The front brick building features two spacious units, including a 3 bedrooms and 2 bathrooms, and a 2 bedrooms apartment, along with a finished basement. The building have a 7-year flat roof and enclosed rear porch for added convenience. The rear frame building consists of two additional units, plus in-law arrangements in the attic. 2-bedroom + 2-bedroom, + 1-bedroom, also with rear enclosed porch. All units have separate utilities and forced air heating, giving future owners flexibility with maintenance and improvements. The property is being sold as-is, providing an incredible opportunity for upgrades and income growth. Don't miss the chance to enhance this property and reap the rewards!

Property details

Interior Features
Additional Rooms Enclosed Porch
Basement Description Partially Finished
Basement Full
Bedrooms Count 9
Bedrooms Possible 9
Baths Count 6
Full Baths in Building Count 6
Total Rooms 22
Units
unit 1
Beds Total 3
Baths Total 1
Actual Rent 1000
Appliances And Features None
Full Baths Total 1
Lease Expiration Date 0/0
Rooms Total 7
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 1100
Appliances And Features None
Full Baths Total 1
Lease Expiration Date 00/00
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
unit 3
Beds Total 2
Baths Total 1
Actual Rent 900
Appliances And Features None
Full Baths Total 1
Lease Expiration Date 00/00
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 4
Beds Total 2
Baths Total 1
Actual Rent 950
Appliances And Features None
Full Baths Total 1
Lease Expiration Date 00/00
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 2
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1910
Exterior Building Type Vinyl Siding, Brick, Frame
Parking None
Roof Type Asphalt ,Rubber
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Sidewalks, Street Lights
Area Major CHI - Logan Square
Corporate Limits Chicago
Directions Central Park Ave (3600W), to property (2735 N).
Equipment Sump Pump
Elementary School Monroe Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Kelvyn Park High School
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle School Monroe Elementary School
Jr High/Middle Dist 299
Township Jefferson
Property / Lot Details
Lot Dimensions 3,250 SF
Lot Size Oversized Chicago Lot
Other Structures None
Ownership Fee Simple
Type Unit 2 Flat, Coach House
Number Of Units in Building 4
Property Type Two to Four Units

Financials

Financing Cash
Gross Rental Income $58,200
Net Oper Income $40,000
Rental Income 58200
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 13264000120000
Special Assessments N
Taxes $15,737
Tax Exemptions None
Tax Year 2022
$780,000 Listing Price:
MLS # 12155470
Investment Profile Residential Income
Listing Market Time 50 days
Basement Full
Type Unit 2 Flat, Coach House
Number of Units in Building 4
Parking None
List Date 09/04/2024
Year Built 1910
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