550 N Central Park Avenue
Chicago, IL 60624

Status: Sold
Multi Family
5 beds
0 baths
0 sq.ft
Listing Price: $200,000

About this home

Brick two-flat with an unfinished basement and excellent ceiling height. Unit 1 is a 2 bedroom, 1 bathroom. Unit 2 is a 3 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 property is being sold AS-IS, cash or renovation convention-style loans are preferred. Seller will not make any repairs and will not LIKELY pass FHA inspection or conventional loan. The building is tenant-occupied and will be sold with the UNITS OCCUPIED. Tenants pay month to month. Offers that agree to accept tenants in the building at closing will be given priority. 0.4-5 block walk to the Garfield Park Conservatory and Lake St El stop, a short drive to I290, West Loop, Fulton Market, Medical District, and downtown Chicago.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1909
Parking Total 2
Exterior Building Type Brick
Garage On-Site Yes
Parking Ownership Owned
Parking Space/s
Rehab Year 2007
MRD Virtual Tour Image360+realtor
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Humboldt Park
Zoning Type MULTI
Corporate Limits Unincorporated
Directions ON CENTRAL PARK, 2 BLOCKS SOUTH FRO, CHICAGO AVE.
Elementary Sch Dist 299
Heat/Fuel Natural Gas, Electric
High Sch Dist 299
Sewer Public Sewer
Water Lake Michigan
Jr High/Middle Dist 299
Township Stickney
Interior Features
Basement Description Unfinished
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
Actual Rent 700
Appliances And Features None
Full Baths Total 1
Rooms Total 05
Tenant Pays Electric, Gas, Heat
Floor Number 1
unit 2
Beds Total 3
Baths Total 1
Actual Rent 350
Appliances And Features None
Full Baths Total 1
Rooms Total 06
Tenant Pays Electric,Gas
Floor Number 2
Property / Lot Details
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

Financials

Financing Cash
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 16111250130000
Special Assessments N
Taxes $4,936
Tax Exemptions None
Tax Year 2022
$200,000 Listing Price:
MLS # 12091330
Investment Profile Residential Income
Listing Market Time 40 days
Basement Full
Type Unit 2 Flat
Number of Units in Building 2
Parking Space/s
List Date 06/21/2024
Year Built 1909
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