531 N Central Park Avenue
Chicago, IL 60624

Status: Active Under Contract
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $315,000

About this home

Don't Miss out! Greystone 2-flat features two separate units and presents an excellent investment opportunity. Each unit features hardwood floors, a spacious living room and dedicated dining areas and enclosed rear porches, providing comfortable and inviting spaces for residents. The 1st floor unit is currently vacant and perfect for an owner occupant or new tenant with increasing rent potential. Featuring 2 Beds and 1 Bath with newly refinished hardwood floors and refreshed paint. The 2nd floor unit offers 3 Beds and 1 bath with a quality tenant who always pays on time. The basement is equipped with coin laundry and a convenient half bath and offers an abundance of storage space. Explore the potential to finish the basement for additional living space and income potential. One Water Heater and Furnace was changed in 2018. The Garage is currently rented out as well for additional income. Take advantage of the area's steady growth and development, securing a property with excellent income potential. Situated just a few blocks away from the Green Line Train, commuting to Downtown Chicago is a breeze. Nature lovers will delight in the property's close proximity to the Garfield Park Conservatory. Whether you're an investor seeking a lucrative opportunity or looking for a comfortable and spacious home, this property has it all. Schedule your showing today and discover the potential that awaits you in Garfield Park! Requires 48 hours to show. 2 previous buyers financing failed. Property passed inspection and appraisal TWICE! SERIOUS BUYERS ONLY. PREAPPROVAL or POF REQUIRED TO SHOW - NO EXCEPTIONS. Please do not disturb the tenant.

Property details

Property / Lot Details
Acreage 0.07
Lot Dimensions 2975
Lot Description Fenced Yard
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units
Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1890
Parking Total 2
Exterior Building Type Brick
Exterior Property Features Porch Screened
Garage Details Garage Door Opener(s)
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Roof Type Flat
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
CommunityFeatures Curbs, Sidewalks, Street Lights, Street Paved
Area Major CHI - Humboldt Park
Zoning Type MULTI
Corporate Limits Chicago
Directions Ohio West to Central Park South to Building
Equipment CO Detectors, Multiple Water Heaters
Elementary School Laura Ward Elementary School
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Forced Air
High Sch Jones College Prep High School
High Sch Dist 299
Sewer Sewer-Storm
Water Lake Michigan
Jr High/Middle School Laura Ward Elementary School
Jr High/Middle Dist 299
Township Jefferson
Interior Features
Basement Description Partially Finished
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 11
Units
unit 1
Beds Total 2
Baths Total 1
Appliances And Features Stove, Refrigerator, Fireplace-Artificial, Hardwood Floors, Walk-In Closet
Full Baths Total 1
Lease Expiration Date VAC
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 1000
Appliances And Features Stove, Refrigerator, Fireplace-Artificial
Full Baths Total 1
Lease Expiration Date MO/MO
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2

Financials

Other Addl Income Garage/s
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16112160060000
Special Assessments N
Taxes $1,250
Tax Exemptions Homeowner
Tax Year 2022
$315,000 Listing Price:
MLS # 12031262
Investment Profile Residential Income
Listing Market Time 27 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Garage
List Date 04/18/2024
Year Built 1890
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