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1641 N Central Park Avenue

Chicago, IL 60647
  • $1,088,888
  • STATUS: Active
  • ON SITE: 108 Days
  • MLS #: 11682985
Price Reduced
UPDATED: 72 min ago
$1,088,888
  • 9
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1888
County:

School Ratings & Info

School District:
299

Description

Calling all investors! Industrial meets modern chic at this rare Humbolt Park masterpiece. The open concept 3,800+/- sqft three-unit built in 2018, was designed with cutting-edge technology throughout the luxurious space with bold fishes, floor-to-ceiling windows, and high ceilings to exposed pipes adding to the overall city vibe. Wander the main level of the property's oversized owner's suite as you reach the chef-approved kitchen lined with custom cabinetry, name-brand stainless steel appliances, an oversized island, and contrasting white stone counters opening to the living room and dining room - ideal for entertaining guests no matter the occasion. Make your way up to the unit's second level towards the impeccable owner's suite designed to evoke utter relaxation with sophisticated design choices throughout the bedroom and spa-like ensuite with custom tile work and a soaking tub in addition to the walk-in closet. Imagine the summer gatherings, lazy weekends, and outdoor fun you and your loved ones will enjoy in the private backyard with lush green grass and enough space for your pets to run free. Additional amenities found at this lovely abode include numerous storage options, a full laundry room, timeless lighting fixtures, a custom-crafted front door, and much more.The two remaining units are each well appointed with fine finishes comprising 900+/- sqft, each with two bedrooms and one bath - the perfect rental space for commuters and those looking for a connected lifestyle outside of downtown. Immerse yourself in this vibrant community as you walk the quiet streets to nearby cafes, restaurants, and the 606 walking trail, or enjoy an effortless commute into the city center. All that's left to do is to pack your bags and start your next grand adventure in the new year at your new home or enjoy adding this truly unique home to your growing real estate rental portfolio with a 6.5% cap rate and a ProForma NOI of $85,000 a year!

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-03-24T20:58:20.143 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1641 N Central Park Avenue Chicago, IL 60647

  • Price: $1,088,888
  • Status: Active
  • On Site: 108 Days
  • Updated: 72 min ago
  • MLS #: 11682985
9
Beds
0
Baths
0
½ Baths
0.1
Acres
1888
Built
Neighborhood:
Chi - Humboldt Park
County:
Cook
Area:
Chi - Humboldt Park
School District:
299
Property Description
Calling all investors! Industrial meets modern chic at this rare Humbolt Park masterpiece. The open concept 3,800+/- sqft three-unit built in 2018, was designed with cutting-edge technology throughout the luxurious space with bold fishes, floor-to-ceiling windows, and high ceilings to exposed pipes adding to the overall city vibe. Wander the main level of the property's oversized owner's suite as you reach the chef-approved kitchen lined with custom cabinetry, name-brand stainless steel appliances, an oversized island, and contrasting white stone counters opening to the living room and dining room - ideal for entertaining guests no matter the occasion. Make your way up to the unit's second level towards the impeccable owner's suite designed to evoke utter relaxation with sophisticated design choices throughout the bedroom and spa-like ensuite with custom tile work and a soaking tub in addition to the walk-in closet. Imagine the summer gatherings, lazy weekends, and outdoor fun you and your loved ones will enjoy in the private backyard with lush green grass and enough space for your pets to run free. Additional amenities found at this lovely abode include numerous storage options, a full laundry room, timeless lighting fixtures, a custom-crafted front door, and much more.The two remaining units are each well appointed with fine finishes comprising 900+/- sqft, each with two bedrooms and one bath - the perfect rental space for commuters and those looking for a connected lifestyle outside of downtown. Immerse yourself in this vibrant community as you walk the quiet streets to nearby cafes, restaurants, and the 606 walking trail, or enjoy an effortless commute into the city center. All that's left to do is to pack your bags and start your next grand adventure in the new year at your new home or enjoy adding this truly unique home to your growing real estate rental portfolio with a 6.5% cap rate and a ProForma NOI of $85,000 a year!
Exterior Features

Exterior Building Type Vinyl Siding Lot Size Oversized Chicago Lot Multi Family Type 3 Flat2 Story Unit/S Parking Details Space/S Parking Onsite Yes Parking Ownership Owned Parking Total 2 Waterfront YN No

Interior Features

Basement Crawl Basement Bathrooms YN No Basement Details None Bedrooms Below Grade 0 Bedrooms Total 9 Full Baths In Building 4 Half Baths In Building 1 Heating Natural GasForced Air Rooms Total 20

Property Features

Age 100+ Years Built Before1978 YN Yes Corporate Limits Chicago General Information None Gross Income 97200 Mls Actual Status Price Change Net Operating Income 85000 New Construction YN No Ownership Fee Simple Rebuilt Year 2018 Rebuilt YN Yes Rehab Year 2018 Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 8580 Tax Year 2021 Total Numberof Unitsin Building 3 Total Rental Income 97200 Township Jefferson Type Two To Four Units Water Source Lake Michigan Zoning Multi

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Space Finder Inc: 312-678-4000.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2023-03-24T20:58:20.143 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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