Closed

$175,000

540 Central Park Avenue, Chicago, IL 60624
5 Beds2 Baths3 days
540 Central Park Avenue·Chicago, IL 60624
5Bedrooms
2Bathrooms
1903Year Built
About This Home

***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.

MLS# 11994761Listed March 3, 2024Residential IncomeOther
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms2
Total Rooms10

Size & Structure

Year Built1903
Lot Size25X125

Location

CountyCook
TownshipHyde Park
Zip Code60624

Financial

List Price$175,000
Annual Taxes (2022)$2,954
Monthly Tax Est.$246
Parcel #16111250160000
Interior Features

Heating

Forced Air

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick

Foundation

Brick/Mortar
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteOwned
Tax & Financial
Annual Taxes
$2,954
Tax Year 2022
Monthly Tax Est.
$246
per month
Property Location

540 Central Park Avenue, Chicago, IL 60624Cook County

$175,000
540 Central Park Avenue
5 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
3 days on market
25X125
$2,954/yr taxes
$1,166
estimated monthly payment
Principal & Interest
$920/mo
Property Tax
$246/mo
$175,000
20% — $35,000
3%50%
6.875%
3%12%
Loan Amount
$140,000
Down Payment
$35,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Compass
Agent: Mark Buckner
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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