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3831 N Central Park Avenue Chicago, IL 60618
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Key Details
Sold Price $520,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
Subdivision Independence Park
MLS Listing ID 11086650
Sold Date 07/13/21
Bedrooms 5
Year Built 1911
Annual Tax Amount $8,384
Tax Year 2019
Lot Size 3,484 Sqft
Lot Dimensions 125 X 30
Property Description
This two-unit building sitting on a wide lot is ideally situated within the highly sought-after community of Independence Park! Rarely in the city do you find a neighborhood with such a strong sense of community - driven by longtime residents, balanced mix of housing stock, multiple parks and playgrounds, and quiet tree-lined streets. All our favorite things will be back before long; make sure you are in the right place to enjoy the farmer's market, pancake breakfast, movies in the park, activities for kids, and more. Absolute options for the commuter: CTA blue line (Addison stop), Metra (Irving Park stop), CTA buses (Addison/Kimball/Pulaski/Irving Park), Kennedy Expressway (90/94). The location delivers on everyday needs as well: restaurants, breweries, groceries, and shops are all readily accessible. All the major work on this property is done - ready for a new owner to move in and cover your mortgage with income from the other unit, or just cash flow as a fully rented investment property. Light and bright inside. First floor ($1650/mo) features 2 Beds/1 Bath while the top floor ($2130/mo) duplex up operates as 3 Beds/2 Baths with den for office space. Garage plus parking pad provides 2 spots for cars. Clean and dry basement contains storage, laundry, and mechanicals. View 3D tour to appreciate the space. Inquire further for full list of improvements and pro forma financials. This is a superb chance to begin your wealth creation plan as an owner-occupier or simply add to your portfolio for the cash flow!
Location
State IL
County Cook
Community Park, Tennis Court(S), Sidewalks, Street Lights, Street Paved
Zoning MULTI
Rooms
Basement Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Exterior Feature Patio, Porch, Storms/Screens
Parking Features Detached
Garage Spaces 1.0
View Y/N true
Roof Type Asphalt
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
School District 299, 299, 299
Others
Ownership Fee Simple
Special Listing Condition None
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Bought with Chi Zhang • Coldwell Banker Realty