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3913 N Central Avenue,  Chicago IL, 60634

(Active)
$1,590,000
|
|
MLS# 12029768
Last Updated: 5/15/2024 11:46 PM
Description for 3913 N Central Avenue Chicago, IL 60634
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
$1,590,000
Cook
12029768
Active
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.
Listing Information
Property Type: Multi-Family, Business Opportunities, 2 Story
0.16 Acres 1971 2
Brick
Jefferson//
8 Total
Neighborhood
Room Information
Exterior / Lot Features
Brick
Composition
57*125
MULTI
Driving Directions
Head South bound on Central Ave towards Irving Park Rd. Property is on the east side of Central Ave.
Financial Considerations
13211040420000
$11,728
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60634 has a population of 2,781,445.

The median household income in Chicago, Illinois 60634 is $71,740. The median household income for the surrounding county is $68,916 compared to the national median of $66,222. The median age of people living in Chicago 60634 is 38 years.

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Courtesy: EXIT Strategy Realty
Listings courtesy of MRED as distributed by MLS GRID

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This content last refreshed on 5/15/2024 11:46 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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