540 N Central Park Avenue
Chicago, IL 60624

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $175,000
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About this home

***Final and Best due by 5pm on Wednesday, March 6th, 2024*** Brick two-flat with an unfinished basement and excellent ceiling height. Per the Chicago Zoning map, the lot is oversized(3, 706 SqFt) and zoned RT-4. Unit 1 is a 2 bedroom, 1 bathroom. Unit 2 is a 2 bedroom, 1 bathroom. The building has 2 gas meters, 3 electric meters, 2 hot water heaters, and 2 furnaces. Perfect property for an investor who is looking to add some sweat equity. Live in one unit, rent out the other, or duplex down to expanding unit 1. The building is empty- no tenants. The property is being sold as-is, cash or renovation convention style loan is preferred. Seller will not make any repairs and will not pass FHA inspection or convention loan. Both furnaces are working and heat is on. 0.4-5 block walk to the Garfield Park Conservatory and Lake St El stop, a short drive to I290, West Loop, Fulton Market, MedicalDistrict, and downtown Chicago. The Photos are from a different building (546 N Central Park). 540 N Central Park has similar finishes and in similar condition as the photos of 546 N Central Park.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building No
Approx Year Built 1903
Parking Total 2
Exterior Building Type Brick
Foundation Brick/Mortar
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2007
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Humboldt Park
Zoning Type MULTI
Corporate Limits Chicago
Directions 3600 W on Lake St then 2 blocks North on Central Park
Equipment Security System, Ceiling Fan(s)
Elementary Sch Dist 299
Heat/Fuel Forced Air
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Unfinished
Basement Full
Bedrooms Count 5
Bedrooms Possible 5
Baths Count 2
Full Baths in Building Count 2
Total Rooms 10
Units
unit 1
Beds Total 2
Baths Total 1
Actual Rent 150
Appliances And Features None
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 5
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 2
Baths Total 1
Actual Rent 700
Appliances And Features Refrigerator
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 5
Security Deposit N/A
Tenant Pays Electric, Gas, Heat
Floor Number 2
Property / Lot Details
Lot Dimensions 25X125
Lot Size Less Than .25 Acre
Ownership Fee Simple
Style of House Other
Type Unit 2 Flat
Number Of Units in Building 2
Property Type Two to Four Units

Financials

Financing Cash
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16111250160000
Special Assessments N
Taxes $2,954
Tax Exemptions Homeowner,Other
Tax Year 2022
$175,000 Listing Price:
MLS # 11994761
Investment Profile Residential Income
Listing Market Time 67 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Space/s
List Date 03/03/2024
Year Built 1903
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