Courtesy of Onix Realty, Inc.

4035-37 N Central Park Avenue

Chicago, IL, 60618

$2,340,000

$2,340,000
Active Under Contract
Active Under Contract
 - For Sale
property_type
Commercial
calendar
Built 1927
Old Irving Park Brick 3 story, fully occupied, vintage finishes, very clean and well-maintained Building! Property is a tremendous Value Add opportunity as long term hold or trophy asset in highly appreciating Irving Park neighborhood. Total of 18 apartments, 17 units are 1bed/1bath rented between $900-$925 and one Studio rented at $800. Rents could be higher, the tenants pay for their own heat and electric. Long term owner has performed regular maintenance: roof is only 4-5 years old, the water heaters are 4-5 years old, tuck-pointing was done about the same time, 4-5 years ago. The owner pays for the hot & cold water, property taxes, insurance, trash, gas for the hot water and laundry, electric in the common area. 9 units have furnaces on gas, 9 units have electric radiators, tenants pay for the usage. The monthly laundry income is $230-$240. Superb location! The property is located 1/2 block north of Irving Park, at the middle distance between the Independence Park & Horner Park, and minutes distance to McFetridge Sports Center with Ice Rink, Revere Park and tons of excellent restaurants, bars, coffee shops, etc. Don't miss out, this will sell quick!
MLS® ID:
11468562
Listed:
7/18/22
Updated:
8/12/22

Other Property Details

Area Name
CHI - Irving Park
Taxes
$18905
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Cook
Pool
No
Total Stories
3
Zoning
MULTI

Property History

Date
Event
Price
Value
7/25/22
Active Under Contract
-
-

 

Courtesy of Onix Realty, Inc.

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Data last updated 2:41 PM UTC, 8/12/22

 

 

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