1617 S Central Park Avenue , Chicago, IL 60623

$325,000
  • 1617 S Central Park Avenue , Chicago, IL 60623 Main Photo

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New to the Market New
BEDS9 BATHS3 full MLS#12800290
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 299

Property Description

Investor's Dream: Fully Updated Two-Flat with Income Potential in North Lawndale! This spacious brick two-flat in Chicago's vibrant North Lawndale neighborhood is a rare opportunity for investors seeking a turnkey rental property with excellent income potential. Currently generating rental income from both units, this property offers 9 bedrooms and 3 full bathrooms, providing ample living space for tenants or future expansion. Recent upgrades make this property stand out. Two brand-new furnaces were installed this year, with the system zoned for two (expandable to three) for optimal comfort and efficiency. The plumbing has also been fully updated, including a new hot water tank and main shut-off, while the second-floor unit has been completely remodeled with fresh finishes and modern updates. Major improvements include a 2024 roof replacement, a 2026 HVAC system upgrade, and a 2024 water heater replacement. While the basement still offers renovation potential, the rest of the property is move-in ready. Enjoy the convenience of a rear parking area for up to four vehicles, plus proximity to public transportation, shopping, dining, and major city routes. Don't miss your chance to own this well-maintained, income-producing gem in a sought-after location. Whether you're expanding your portfolio or securing a smart investment, this two-flat is a must-see! PROPERTY IS BEING SOLD AS-IS.

1617 S Central Park Avenue | MLS# 12800290

This multi-family property located at 1617 S Central Park Avenue , Chicago, IL 60623 is currently listed for sale with an asking price of $325,000. S Central Park Avenue is located within the District 299 school district. Search Chicago real estate on www.gogambino.com today.

Upcoming Open Houses

Open House Saturday November 7th, 11:00am - 1:00pm
Open House Sunday November 8th, 11:00am - 1:00pm

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Full
Heating: Forced Air
Lot Size: 0.07 Acres
Taxes: $4,168
Year Built: 1894

Feature Descriptions

Exterior: Brick
Lot Dimensions: 26 x 125
Parcel#: 16234000060000
Parking: Off Street, Yes, Owned
Sewer: Public Sewer
Total Rooms: 17
Township: West Chicago
Water: Lake Michigan

Local Schools

School District: District 299

Listed By / Shown By

Listed By

Agency Name: Real Broker LLC
Agency Phone: 217-960-8605

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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Estimated Payment

$ 1,918.38 per month $1,476.25 Principal & Interest $347.33 Property Tax $94.79 Homeowner's Insurance

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