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About This Home

This 6-bedroom, 4-bathroom residential multi family at 1645 N Central Park Avenue in Chicago, IL is listed for $499,000. Built in 1888, on a N/A lot.

Agent Description

Investor Goldmine! This is an ultra-rare value-add opportunity on a gigantic 177 ft lot backing right up to Simons Park and with immediate access to the 606 Trail. The building features highly desirable 3-bedroom, 2-bathroom layouts in both primary units, offering fantastic rent potential.

The property is being sold with existing city code violations requiring the removal of the current basement unit and the reinforcement or rebuilding of the rear stairs. For a savvy buyer, this is the ultimate catalyst for forced appreciation through sweat equity.

Situated perfectly within Chicago's ADU allowed area, the mandatory lower-level remediation provides a clean slate to pull permits and legally build out at least one, and potentially two, Additional Dwelling Units. Transform this into your cash flowing gem. Unbeatable, quickly appreciating location to coffee shops, grocery stores, minutes to Logan Square and with immediate access to the 606 trail and a beautiful park directly behind. Bring your contractor to capitalize on this incredible potential. Sold strictly as-is.

Key Features

  • Built in 1888
  • 2 parking spaces

Property Details

4 full
2 spaces
1888

Monthly Cost Estimate

$2,669/mo

20% down · 6.5% · 30 years

Principal$361
Interest$2,162
Insurance$146

Estimates only. Actual payments may vary.

Location

1645 N Central Park Avenue

Chicago, IL 60647

Property Details

Construction

Vinyl Siding

Parking

Garage

Heating

Natural GasForced Air

Questions & Answers

This 6-bedroom, 4-bathroom residential multi family at 1645 N Central Park Avenue is listed at $499,000. The estimated monthly payment is $2,162 based on 20% down at 6.5% interest.

Key features include: Built in 1888, 2 parking spaces.

This property is listed by Santiago Valdez or santiago@chicago773.com.

SV

Santiago Valdez

Agent at Compass

Listed by Compass · View on Broker Site

MLS# 12615837· Source: listhub· Updated 23 days ago

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1645 N Central Park Avenue, Chicago, IL 60647

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