Closed

$200,000

550 Central Park Avenue, Chicago, IL 60624
5 Beds2 Baths7 days
550 Central Park Avenue·Chicago, IL 60624
5Bedrooms
2Bathrooms
1909Year Built
About This Home

Brick two-flat with an unfinished basement and excellent ceiling height. Unit 1 is a 2 bedroom, 1 bathroom. Unit 2 is a 3 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 property is being sold AS-IS, cash or renovation convention-style loans are preferred. Seller will not make any repairs and will not LIKELY pass FHA inspection or conventional loan. The building is tenant-occupied and will be sold with the UNITS OCCUPIED. Tenants pay month to month. Offers that agree to accept tenants in the building at closing will be given priority. 0.4-5 block walk to the Garfield Park Conservatory and Lake St El stop, a short drive to I290, West Loop, Fulton Market, Medical District, and downtown Chicago.

MLS# 12091330Listed June 21, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms2
Total Rooms11

Size & Structure

Year Built1909
Lot Size0

Location

CountyCook
TownshipStickney
Zip Code60624

Financial

List Price$200,000
Annual Taxes (2022)$4,936
Monthly Tax Est.$411
Parcel #16111250130000
Interior Features

Heating

Natural GasElectric

Basement

UnfinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteOwned
Tax & Financial
Annual Taxes
$4,936
Tax Year 2022
Monthly Tax Est.
$411
per month
Property Location

550 Central Park Avenue, Chicago, IL 60624Cook County

$200,000
550 Central Park Avenue
5 bd2 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
7 days on market
0
$4,936/yr taxes
$1,462
estimated monthly payment
Principal & Interest
$1,051/mo
Property Tax
$411/mo
$200,000
20% — $40,000
3%50%
6.875%
3%12%
Loan Amount
$160,000
Down Payment
$40,000

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

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

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