540 North Central Park Avenue

Chicago, IL 60624

$175,000
Price
5
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

***Final and Best due by 5pm on Wednesday, March 6th, 2024*** Brick two-flat with an unfinished basement and excellent ceiling height. Per the Chicago Zoning map, the lot is oversized(3,706 SqFt) and zoned RT-4. Unit 1 is a 2 bedroom, 1 bathroom. Unit 2 is a 2 bedroom, 1 bathroom. The building has 2 gas meters, 3 electric meters, 2 hot water heaters, and 2 furnaces. Perfect property for an investor who is looking to add some sweat equity. Live in one unit, rent out the other, or duplex down to expanding...***Final and Best due by 5pm on Wednesday, March 6th, 2024*** Brick two-flat with an unfinished basement and excellent ceiling height. Per the Chicago Zoning map, the lot is oversized(3,706 SqFt) and zoned RT-4. Unit 1 is a 2 bedroom, 1 bathroom. Unit 2 is a 2 bedroom, 1 bathroom. The building has 2 gas meters, 3 electric meters, 2 hot water heaters, and 2 furnaces. Perfect property for an investor who is looking to add some sweat equity. Live in one unit, rent out the other, or duplex down to expanding unit 1. The building is empty- no tenants. The property is being sold as-is, cash or renovation convention style loan is preferred. Seller will not make any repairs and will not pass FHA inspection or convention loan. Both furnaces are working and heat is on. 0.4-5 block walk to the Garfield Park Conservatory and Lake St El stop, a short drive to I290, West Loop, Fulton Market, MedicalDistrict, and downtown Chicago. The Photos are from a different building (546 N Central Park). 540 N Central Park has similar finishes and in similar condition as the photos of 546 N Central Park.

Listing Agent

  1. Mark Buckner

    Mark Buckner

    Listing Agent

    Compass

Property Details for 540 North Central Park Avenue

Area
CHI - Humboldt Park
Township
Hyde Park
Ownership
Fee Simple
Num Of Parking Spaces
2.0
Heat/Fuel
Forced Air
Architectural Style
Other
Zoning
MULTI

Location

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LISTING UPDATED: 03/27/2024 06:18 PM

Property Details for 540 North Central Park Avenue

StatusPending
MLS #11994761
Days on Market45
Taxes$2,954 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 2 Flat
Year Built1903
Lot Size0.07 AC / 3,125 SF
CountyCook County

Location

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Building Information for 540 North Central Park Avenue

Stories-Residences2Year Built1903Building Size-Lot Size0.07 AC / 3,125 SF

Payment Calculator

$1,201 per month

30 year fixed, 7.25% Interest

Principal and Interest

$955

Property Taxes

$246

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 540 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
  • Parking: Space/s
  • Parking On Site: true
  • Parking Ownership: Owned
  • Open Parking Spaces: 2.0
Location and General Information
  • Postal Code Plus 4: 1236
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms (Below Grade): 0
  • Basement Type: Full
  • Bedrooms Possible: 5
  • Basement Description: Unfinished
  • # Full Baths in Building: 2
  • # Half Baths in Building: 0
  • Num of Baths: 2.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan
  • Other Equipment: Security System, Ceiling Fan(s)
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2007
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 25X125
  • Total # Units in Building: 2.0
  • Waterfront: No
  • Exterior Building Type: Brick
  • Foundation Details: Brick/Mortar
  • General Information: None
  • North Coordinate: 500
  • South Coordinate: 0
  • East Coordinate: 0
  • West Coordinate: 3600
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 17
  • OpenHouse Count: 1
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Unit 1
  • Unit Type Actual Rent: $150.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Lease Expiration Date: N/A
Unit 2
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
  • Lease Expiration Date: N/A

Property History for 540 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 540 North Central Park Avenue

Taxable ValueLand$3,635Additions$14,148Total$17,783
Tax Record2022$2,954 ($246 / month)
Home Facts
Baths2Total Finished SqFt2,282 SqFtAbove Grade Finished SqFt2,282 SqFtStories2Lot Size3,094 SqFtStyleMulti-Family Res (5+ Units)Year Built1903CountyCOOKAPN16-11-125-016

Schools near 540 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
Charter - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ward L Elementary School
PublicPK to 8

Orr Academy High School
Public9 to 12

Rowe-Clark Math & Science Academy
Charter9 to 12

Raby 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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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.

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.