5047 North Central Park Avenue

Chicago, IL 60625

$2,295,000
Price
27
Beds
12
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Rarely available 12 unit apartment building located right along the river in Chicago! The property consists of 12 apartments which includes (9) 2 Bed/1 Bath Units and (3) 3 bed/1 Bath units. There are 7 parking spaces which can accommodate most of the renters vehicles. Building features include a laundry room on site generating additional income, storage rooms for tenants, maintenance room, and bike room. Current owners have recently rehabbed all apartments and installed new modern kitchens, bathrooms...Rarely available 12 unit apartment building located right along the river in Chicago! The property consists of 12 apartments which includes (9) 2 Bed/1 Bath Units and (3) 3 bed/1 Bath units. There are 7 parking spaces which can accommodate most of the renters vehicles. Building features include a laundry room on site generating additional income, storage rooms for tenants, maintenance room, and bike room. Current owners have recently rehabbed all apartments and installed new modern kitchens, bathrooms and fixtures. Additionally, the building features new horizonal risers and vertical risers, new windows, new concrete sidewalks and parking pad in rear, newly painted and carpeted stairwells and new boiler ( Dec 2023). This property is turn key and will be an excellent investment for any buyer.
  1. Listed by Stephanie Sadoff • @properties Christie's International Real Estate

Property Details for 5047 North Central Park Avenue

Area
CHI - North Park
Township
Jefferson

Location

Listing Courtesy of @properties Christie's International Real Estate
Add your commute
LISTING UPDATED: 04/22/2024 12:07 AM

Property Details for 5047 North Central Park Avenue

StatusActive
MLS #12030799
Days on Market17
Taxes$21,002 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Exterior Entrance
Year Built1923
Lot Size0.23 AC / 10,082 SF
CountyCook County

Location

Listing Courtesy of @properties Christie's International Real Estate
Add your commute

Building Information for 5047 North Central Park Avenue

Stories-Residences12Year Built1923Building Size-Lot Size0.23 AC / 10,082 SF

Payment Calculator

$14,275 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,525

Property Taxes

$1,750

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5047 North Central Park Avenue

General Information
Addtl Parking Information
  • Open Parking Spaces: 7.0
Location and General Information
  • Information: List Broker Must Accompany,48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • # Of Washers: 2
  • Basement Description: Partially Finished, Storage Space
  • Heat/Ventilation: Central Bldg Heat,Radiators
  • # Of Refrigerators: 12
  • Washer/Dryer Lsd: No
  • Misc Inside: Laundry Room
  • # Of Dryers: 2
  • # Of Dishwashers: 12
  • Num of Baths: 12.0
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Exterior Entrance,Courtyard
  • Lot Dimensions: 58 X 125 X 148 X 154
  • Lot Size Square Feet: 10082.0
  • Stories: 3
  • Exterior Building Type: Brick
  • # Of Ranges: 12
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 20
  • Deconversion: N
Miscellaneous
  • Current Use: Multi-Family
  • Location: Riverfront
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
Income & Expenses
  • Electric Expense: $886.00
  • Fuel Expense: $7,000.00
  • Gross Income: $235,920.00
  • Gross Scheduled Income: $235,920.00
  • Insurance Expense: $6,587.00
  • Maintenance Expense: $9,500.00
  • Expense Year: 2023
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 4520
  • Total Monthly Income: 19660
  • Net Operating Income: $178,613.00
  • Operating Expense: $57,307.00
  • Other Expense: $.00
  • Trash Expense: $3,571.00
  • Water Sewer Expense: $4,241.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 3
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 9
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 5047 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 5047 North Central Park Avenue

Taxable ValueLand$18,147Additions$83,604Total$101,751
Tax Record2022$21,003 ($1,750 / month)
Home Facts
Stories3Lot Size10,082 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN13-11-408-004

Schools near 5047 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 - 9 to 12
Public - K to 8
Rating
School
Distance
Volta Elementary School
PublicPK to 8

Roosevelt High School
Public9 to 12

Von Steuben Metro Science High School
Public9 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.

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5047 North Central Park Avenue is a multi-family home for sale in Chicago, IL 60625. This property was listed for sale on April 16, 2024 by @properties Christie's International Real Estate, it's currently listed at $2,295,000. It has been on the market for a total of 17 days and was last sold on March 30, 2017. This listing's school district is City Of Chicago School District 299. Nearby schools include Volta Elementary School, Roosevelt High School and Von Steuben Metro Science High School. 5047 North Central Park Avenue is a 27-bed, 12-bath, multi-family home built in 1923.

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.

Listing Courtesy of @properties Christie's International Real Estate

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. Based on information submitted to the MLS GRID as of 04/22/2024 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.