1617 Central Park Avenue, North Lawndale, Chicago, Illinois 60623
$325,000
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For Sale
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| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 9 |
| Baths: | 0 |
| Year Built: | 1894 |
| Property Taxes: | $4,168 |
| Days On Market: | 3 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1894 | |
| 2023 | |
| Unfinished, Full | |
| Brick | |
| — | |
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| No | |
| — |
| Cook | |
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| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| — | |
| Forced Air | |
| 12800290 | |
| 16234000060000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 6 Feb, 2024 | Sold | $307,000 | MRED MLS |
| 12 Dec, 2023 | Under contract | $300,000 | MRED MLS |
| 10 Nov, 2023 | Listed for sale | $300,000 | MRED MLS |
| 3 Nov, 2026 | Listed for sale | $325,000 | MRED MLS |
Some photos of this home have been virtually staged.
Room Specifics
Total Bedrooms: 9
Bedrooms Above Ground: 9
Bedrooms Below Ground: 0
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Other Specifics
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| — | |
| Off Street, Owned | |
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| — | |
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| 26 x 125 | |
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| Not in DB | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $1,610 |
| 2026 | $4,168 |
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Listing Provided By
Real Broker LLC
