3831 North Central Park Avenue

Chicago, IL 60618

$520,000
Last Sold Price
5
Beds
3
Baths
3,180 Sq. Ft.
$164 / Sq. Ft.
3,180
Sq. Ft.
$164
per Sq. Ft.

Description

This two-unit building sitting on a wide lot is ideally situated within the highly sought-after community of Independence Park! Rarely in the city do you find a neighborhood with such a strong sense of community - driven by longtime residents, balanced mix of housing stock, multiple parks and playgrounds, and quiet tree-lined streets. All our favorite things will be back before long; make sure you are in the right place to enjoy the farmer's market, pancake breakfast, movies in the park, activities...This two-unit building sitting on a wide lot is ideally situated within the highly sought-after community of Independence Park! Rarely in the city do you find a neighborhood with such a strong sense of community - driven by longtime residents, balanced mix of housing stock, multiple parks and playgrounds, and quiet tree-lined streets. All our favorite things will be back before long; make sure you are in the right place to enjoy the farmer's market, pancake breakfast, movies in the park, activities for kids, and more. Absolute options for the commuter: CTA blue line (Addison stop), Metra (Irving Park stop), CTA buses (Addison/Kimball/Pulaski/Irving Park), Kennedy Expressway (90/94). The location delivers on everyday needs as well: restaurants, breweries, groceries, and shops are all readily accessible. All the major work on this property is done - ready for a new owner to move in and cover your mortgage with income from the other unit, or just cash flow as a fully rented investment property. Light and bright inside. First floor ($1650/mo) features 2 Beds/1 Bath while the top floor ($2130/mo) duplex up operates as 3 Beds/2 Baths with den for office space. Garage plus parking pad provides 2 spots for cars. Clean and dry basement contains storage, laundry, and mechanicals. View 3D tour to appreciate the space. Inquire further for full list of improvements and pro forma financials. This is a superb chance to begin your wealth creation plan as an owner-occupier or simply add to your portfolio for the cash flow!

Listing Agent

  1. Marc Bahnsen

    Marc Bahnsen

    Listing Agent

    Compass

Sold By Coldwell Banker Realty

Property Details for 3831 North Central Park Avenue

Area
CHI - Irving Park
Subdivision
Independence Park
Township
Jefferson
Ownership
Fee Simple
Num Of Garage Spaces
1.0
Num Of Parking Spaces
1.0
Num Of Cars
2.0
Parking Included in Price
Yes

Location

Add your commute
LISTING UPDATED: 07/15/2021 05:21 AM

Property Details for 3831 North Central Park Avenue

StatusClosed
MLS #11086650
Days on Market61
Taxes$8,384 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1911
Lot Size0.08 AC / 3,484 SF
CountyCook County

Location

Add your commute

Building Information for 3831 North Central Park Avenue

Stories-Residences2Year Built1911Building Size-Lot Size0.08 AC / 3,484 SF

Payment Calculator

$3,537 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,838

Property Taxes

$699

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3831 North Central Park Avenue

General Information
School Information
  • Elementary School District: 299
  • High School District: 299
  • Middle Or Junior School District: 299
Addtl Parking Information
  • Garage Details: Garage Door Opener(s), Carport
  • Garage On Site: true
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage, Space/s
  • Parking Details: Additional Parking, Alley Access
  • Parking On Site: true
  • Parking Ownership: Owned
Property Information
Interior Features
  • Num Of Rooms: 13
  • Bedrooms (Below Grade): 0
  • Community Features: Park, Tennis Court(s), Sidewalks, Street Lights, Street Paved
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Unfinished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Room Type: Den, Foyer
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: Ceiling Fan(s)
Property/Lot Information
  • Exterior Property Features: Patio, Porch, Storms/Screens
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2016
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 125 X 30
  • Total # Units in Building: 2.0
  • Other Structures: Garage(s)
  • Waterfront: No
  • Exterior Building Type: Frame, Shingle Siding, Combination
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • North Coordinate: 3800
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3200
  • Lot Size Source: County Records
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Buyer Financing: Conventional, FHA
  • Public Document Count: 2
  • Document Date: 2021-05-13T17:51:50
  • Photos Count: 62
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
  • Virtual Tour Date: 05-13-2021
Multi Family
Income & Expenses
  • Gross Income: $45,360.00
  • Net Operating Income: $9,919.00
Unit 1
  • Unit Type Actual Rent: $1,650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Total Sq Ft - Unit 1: 1214
  • Floor # - Unit 1: 1
  • # Of Rooms - Unit 1: 5
  • # Half Baths-Unit 1: 0
  • # Full Baths-Unit 1: 1
  • Appliances/Features Unit 1: Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors, Walk-In Closet, Oven/Built-in
  • Lease Exp Date (Mo/Yr) - Unit 1: 05-21-2024
  • Sec Deposit $ - Unit 1: 1650
  • Tenant Pays - Unit 1: Electric, Gas
Unit 2
  • Unit Type Actual Rent: $2,130.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Total Sq Ft - Unit 2: 1966
  • Floor # - Unit 2: 2
  • # Of Rooms - Unit 2: 8
  • # Half Baths-Unit 2: 0
  • # Full Baths-Unit 2: 2
  • Appliances/Features Unit 2: Stove, Refrigerator, Dishwasher, Central Air Conditioner, Hardwood Floors, Skylights/Windows, Walk-In Closet, Oven/Built-in
  • Lease Exp Date (Mo/Yr) - Unit 2: 06-21-2024
  • Sec Deposit $ - Unit 2: 2130
  • Tenant Pays - Unit 2: Electric, Gas

Property History for 3831 North Central Park Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3831 North Central Park Avenue

Taxable ValueLand$13,230Additions$27,770Total$41,000
Tax Record2022$8,463 ($705 / month)
Home Facts
Baths2Total Finished SqFt2,352 SqFtAbove Grade Finished SqFt2,352 SqFtStories2Lot Size3,780 SqFtStyleMulti-Family Res (5+ Units)Year Built1909CountyCOOKAPN13-23-208-010

Schools near 3831 North Central Park Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 7 to 8
Public - 7 to 12
Rating
School
Distance
Murphy Elementary School
PublicPK to 8

Schurz High School
Public9 to 12

Marshall Middle School
Public7 to 8

Disney II Magnet High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.