3031 S Central Park Avenue
Chicago, IL, 60623
$489,900
9 Beds
4 Baths
0 SqFt
0 Acres
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$489,900
3031 S Central Park Avenue
Chicago, IL, 60623
MLS #MRD12570601 image #0MLS #MRD12570601 image #1MLS #MRD12570601 image #2MLS #MRD12570601 image #3MLS #MRD12570601 image #4MLS #MRD12570601 image #5MLS #MRD12570601 image #6MLS #MRD12570601 image #7MLS #MRD12570601 image #8MLS #MRD12570601 image #9MLS #MRD12570601 image #10MLS #MRD12570601 image #11MLS #MRD12570601 image #12MLS #MRD12570601 image #13MLS #MRD12570601 image #14MLS #MRD12570601 image #15MLS #MRD12570601 image #16MLS #MRD12570601 image #17MLS #MRD12570601 image #18MLS #MRD12570601 image #19MLS #MRD12570601 image #20MLS #MRD12570601 image #21MLS #MRD12570601 image #22MLS #MRD12570601 image #23MLS #MRD12570601 image #24MLS #MRD12570601 image #25MLS #MRD12570601 image #26MLS #MRD12570601 image #27MLS #MRD12570601 image #28MLS #MRD12570601 image #29MLS #MRD12570601 image #30MLS #MRD12570601 image #31MLS #MRD12570601 image #32MLS #MRD12570601 image #33MLS #MRD12570601 image #34MLS #MRD12570601 image #35MLS #MRD12570601 image #36MLS #MRD12570601 image #37MLS #MRD12570601 image #38MLS #MRD12570601 image #39MLS #MRD12570601 image #40MLS #MRD12570601 image #41
Well-maintained 4-unit building located in the heart of Little Village. All units are in great condition with a desirable unit mix consisting of three 2-bedroom / 1-bath units and one 3-bedroom / 1-bath unit. The property features separate utilities throughout, including four individual HVAC heating units, four water heaters, and four electrical panels, providing efficient management and reduced owner expenses. Tenants pay all utilities except water, which is the only utility paid by the owner. Three units are currently rented to long-term tenants, offering stable income, while one unit is vacant, creating an excellent opportunity for investors or owner-occupants looking to house hack by living in one unit while collecting rental income from the others. Additional highlights include a 2-car garage and a solid, low-maintenance setup in a strong rental market. Ideal for buyers seeking a cash-flowing multifamily property with upside potential.

Property Details

Price:
$489,900
MLS #:
MRD12570601
Status:
Active
Beds:
9
Baths:
4
Type:
Multi Family
Neighborhood:
chisouthlawndale
Listed Date:
Feb 20, 2026
Year Built:
1908
Chi – South LawndaleChisouthlawndale

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Vinyl Siding, Brick
Parking Features
Garage Door Opener, Yes, Garage Owned, Detached, Garage
Parking Spots
2

Financial

Maintenance Fee
$3,000
Net Operating Income
$50,037
Tax Year
2024
Taxes
$4,562
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Feb 21, 2026
1,238
Multi Family Listed
89
Avg DOM
$480,214
Avg List Price

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Property Summary

    3031 S Central Park Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60623. It is listed for $489,900 To schedule a showing of MLS#mrd12570601 at 3031 S Central Park Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
3031 S Central Park Avenue
Chicago, IL