5047 N Central Park Avenue Chicago, IL $ 2,295,000
5047 N Central Park Avenue
$ 2,295,000
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5047 N Central Park Avenue

Chicago, IL, 60625
$ 2,295,000
Bedrooms5 Baths0.0

Monthly Estimate*

$ 15,253

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Multi-Family Home for sale in Chicago, IL

for $2,295,000 with 5 bedrooms. This home was built in 1923 on a lot size of 0.23.

Rarely available 12 unit apartment building located right along the river in Chicago! The property consists of 12 apartments which includes (9) 2 Bed/1 Bath Units and (3) 3 bed/1 Bath units. There are 7 parking spaces which can accommodate most of the renters vehicles. Building features include a laundry room on site generating additional income, storage rooms for tenants, maintenance room, and bike room. Current owners have recently rehabbed all apartments and installed new modern kitchens, bathrooms and fixtures. Additionally, the building features new horizonal risers and vertical risers, new windows, new concrete sidewalks and parking pad in rear, newly painted and carpeted stairwells and new boiler ( Dec 2023). This property is turn key and will be an excellent investment for any buyer.

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Multi-Family Contingent

Price

$ 2,295,000

Bedrooms

5

Property Type

Multi-Family

Taxes

$ 21,002

Style

Multi-Family

Lot Size

0.23

Year Built

1923

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12030799

Features
General
Year Built 1923
Tenant Pays Electricity
Stories 3
Township Jefferson
Tax Year 2022
Current Use Multi-Family
Gross Income 235920
County Cook
Net Operating Income 178613
Operating Expense 57307
Insurance Expense 6587
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
Status Contingent
Directions Building is South of Foster and North of Argyle street on East side of Central Park.
City Chicago
NumberOfUnitsTotal 12
MLS Area CHI - North Park
Lot Size Square Feet 10082
Street Name Central Park
Tax Annual Amount 21002
Electric Expense 886
Fuel Expense 7000
Trash Expense 3571
Water Sewer Expense 4241
Additional Parcels Y/N N
Virtual Tour https://real.vision/5047-north-central-park-avenue?o=u
Days on Market 43
Standard Status Active Under Contract
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Exterior
Lot Dimensions 58 X 125 X 148 X 154
Lot Size Acres 0.23
Exterior Brick
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Interior
Street Suffix Avenue
Basement Partially Finished Storage Space
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* Excluded Features
List By
@Properties Christie's International Real Estate

Broker

ssadoff@atproperties.com

Email

Affordability Calculator

$17,003
Per Month
90%
10%
0%
Monthly Principal & Interest
$15,253
Monthly Property Taxes
$1,750
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2024$2,295,000 Listed Price

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5047 N Central Park Avenue, Chicago, IL, 60625 is a Multi-Family Home for sale at $2,295,000 with a lot size of 0.23. 5047 N Central Park Avenue has 5 bedrooms, 0.0 baths, and was built in 1923. The property's zip code is 60625 which is in Chicago, IL