Address
3913 N Central Avenue, Chicago, IL
Price
$ 1,590,000
Property Attributes
- MLS#12029768
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Portage Park
- NeighborhoodPortage Park
- Zip60634
- Style
- Year Built1971
- Taxes$ 11728
- Price$ 1,590,000
- Bedrooms9
- Full Bathrooms0
- Half Bathrooms0
- Lot Size7,126 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Nestled in the vibrant Portage Park area, this property features an 8 unit building with a footprint of a 9 unit structure. The offering includes a spacious former owner's unit comprising 8 rooms, four bedrooms, and one and a half baths, along with a mix of other large units: (2) 5 room, two bedroom, one bath units, (3) 4 room, two bedroom, one bathroom units, and (2) 3 room, one bedroom, one bath units. The property boasts recent upgrades, including a roof, hot water heater, and boiler that were replaced in the last 5 years, as well as 10 year old windows. Within the past year, the entry doors, doorbells, and intercom system have been renewed, ensuring a modern and secure living environment for tenants. Moreover, the convenience of a 2.5 car garage, 3 surface parking spots, and on-site laundry facilities adds to the property's appeal and tenant satisfaction. This investment opportunity presents the allure of "armchair management," with units in good condition and potential for rent increases upon turnover. The option to reconfigure the former owner's unit into separate two-bedroom and one-bedroom units offers an enticing avenue for increased income generation. In summary, this property not only promises stable returns but also provides a solid foundation for further value enhancement in the heart of sought-after Portage Park.
| Price History | |
|---|---|
| 4/15/2024 | Listed $1,590,000 |
General Features
| Cooling | Wall Sleeve |
|---|---|
| Possession | Negotiable |
| Roof | Composition |
| Zoning | MULTI |
| Construction Materials | Brick |
| Year Built | 1971 |
| Electric | Circuit Breakers |
| Tenant Pays | Electricity |
| Stories | 2 |
| Township | Jefferson |
| Tax Year | 2022 |
| Gross Income | 125100 |
| County | Cook |
| Net Operating Income | 78439 |
| Operating Expense | 42003 |
| Insurance Expense | 7000 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Head South bound on Central Ave towards Irving Park Rd. Property is on the east side of Central Ave. |
| City | Chicago |
| Total Units | 8 |
| MLS Area | CHI - Portage Park |
| Lot Size Square Feet | 7126 |
| Street Name | Central |
| Tax Annual Amount | 11728 |
| Electric Expense | 700 |
| Fuel Expense | 5700 |
| Trash Expense | 3036 |
| Water Sewer Expense | 5500 |
| Additional Parcels Y/N | No |
| Days on Market | 8 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 57*125 |
|---|---|
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60634
Price
Taxes
Visits
Year Built
