5047 North Central Park Avenue

Chicago, IL 60625

$2,395,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Property Details for 5047 North Central Park Avenue

StatusActive
MLS #10494849
Year Built1923
DOM81
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Multi Family 5+-Courtyard
Lot Size0.29 AC / 12,632 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyCook County

Listing Agent

Stephanie Sadoff

@properties

ssadoff@atproperties.com

P: (847) 606-1831

Contact Agent(s)

Property Details for 5047 North Central Park Avenue

Area
CHI - North Park

Description

Rarely available 12 unit apartment building located right along the river in Chicago! The property consists of 12 apartments which includes (2) 1 Bed/1 Bath Units, (8) 2 Bed/1 Bath Units and (2) 3 bed/1 Bath units. There are 6-8 parking spaces which can accommodate most of the renters vehicles. Building features include a laundry room on site as well as additional storage. Current owners have recently gut rehabbed most apartments and installed brand new modern kitchens and bathrooms. Additionally,... the building features all new horizonal risers, half of the vertical risers replaced, new windows and sidewalks. This property is turn key and will be an excellent investment for any buyer.

Location

Listing Courtesy of @properties

Building Information for 5047 North Central Park Avenue

Stories-Residences-Year Built1923Building Size-Lot Size0.29 AC / 12,632 SF

Payment Calculator

$8,614 per month

30 year fixed, 3.51% Interest

Principal and Interest

$8,614

Property Taxes

HOA Dues

$0

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Property Information for 5047 North Central Park Avenue

Interior Features
    Basement Information
  • Basement Description: Partially Finished
Property/Lot Information
    General Information
  • Property Type: Multi Family 5+
  • Type Multi 2 4: Courtyard
    Parking Information
  • Outdoor Parking: 6-12 Spaces
    Structure Information
  • Exterior Building Type: Brick
  • Num Of Units: 12
  • Approx Year Built: 1923
  • Approximate Age: New Rehab
  • Built Before 1978: Yes
    Location Information
  • Directions: Foster to Monticello, head south to Argyle, then east to Central Park & north the building.
  • Township: Jefferson
    Lot Information
  • Acreage: 0
  • Lot Dimensions: 58 X 125 X 148 X 154
Lot/Land Information
    Lot/Land Information
  • Construction: Brick
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Sidewalks
  • Location: Riverfront
  • Ownership Type: Limited Liability Corp
  • Potential Use: Condominium, Residential-Multi-Family
  • Tenant Pays: Electric
Multi-Unit 5+ Information
    Building Features
  • Num Of Dishwashers: 12
  • Num Of Dryers: 2
  • Num Of Ranges: 12
  • Num Of Refrigs: 12
  • Num Of Washers: 2
  • Heat Ventilation: Central Bldg Heat, Central Heat/Indiv Controls, Radiators
  • Misc Inside: Storage Inside, Laundry Room
  • Washer/Dryer Leased: No
    Unit 1 Information
  • Num Of Bdrms: 1
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 3
  • Num Of Units: 2
  • Monthly Income: 1300
  • Monthly Income Max: $1,400
    Unit 2 Information
  • Num Of Bdrms: 2
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 4
  • Num Of Units: 8
  • Monthly Income: 1300
  • Monthly Income Max: $1,400
    Unit 3 Information
  • Num Of Bdrms: 3
  • Num Of Full Bthrms: 1
  • Num Of Rooms: 5
  • Num Of Units: 2
  • Monthly Income: 1650
  • Monthly Income Max: $1,700
    Unit 4 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Income / Expense Information
  • Num Of Bdrms: 0
  • Cap Rate Percent: 7
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
  • Fuel Expense: 13500
  • Fuel Expense Source: Combination
  • Gross Rent Multiplier: 10
  • Gross Rental Income: 199500
  • Insurance Expense Source: Combination
  • Janitor Expense Source: Combination
  • Net Operating Income: 17047
  • Other Expense Source: Broker Projection
  • Other Expenses: 0
  • Repairs Decor Expense: 0
  • Repairs Decor Expense Source: Broker Projection
  • Scavenger Expense: 300
  • Scavenger Expense Source: Combination
  • Total Annual Expenses: 24800
  • Total Annual Income: 206700
  • Total Monthly Income: 17225
  • Water Expense: 1000
  • Water Expense Source: Combination
    Unit 6 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0
    Unit 7 Information
  • Num Of Bdrms: 0
  • Num Of Rooms: 0
  • Num Of Units: 0
  • Monthly Income: 0

Property History for 5047 North Central Park Avenue

DateEvent & SourcePriceAppreciation
Aug 23, 2019Listed (Active)

MRED #10494849

$2,395,000
Mar 31, 2017Sold (Public Records)

Public Record #591479160

$950,000
DateEvent & SourcePrice
08/23/2019
Listed (Active)

MRED #10494849

$2,395,000
03/31/2017
Sold (Public Records)

Public Record #591479160

$950,000

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$15,879Additions$37,017Total$52,896
Tax Record2017$11,424
Home Facts
Stories3Lot Size12,990 SqFtStyleMulti-Family Res (5+ Units)Year Built1923CountyCOOKAPN13114080040000

Schools near 5047 North Central Park Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Telshe High SchoolPrivate9-120.1 mi
NR
Von Steuben Metro Science High SchoolPublic9-120.3 mi
7
Volta Elementary SchoolPublicPK-80.4 mi
4
Roosevelt High SchoolPublic9-120.6 mi
2

Telshe High School

9-12, 0.1 mi, Private

NR

Von Steuben Metro Science High School

9-12, 0.3 mi, Public

7

Volta Elementary School

PK-8, 0.4 mi, Public

4

Roosevelt High School

9-12, 0.6 mi, Public

2

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 August 23, 2019 by @properties at $2,395,000. It has been on the market for a total of 81 days and was last sold on March 31, 2017. Nearby schools include Parkman Elementary School, Crane Technical Prep High School and Jackson A Elementary Language Academy. 5047 North Central Park Avenue is a 0-bed, 0-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. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of @properties
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